Sei Investments Co. Sells 37,602 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Sei Investments Co. cut its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 12.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 274,285 shares of the semiconductor company's stock after selling 37,602 shares during the period. Sei Investments Co. owned about 0.37% of MACOM Technology Solutions worth $35,633,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTSI. Geode Capital Management LLC lifted its stake in MACOM Technology Solutions by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company's stock valued at $113,044,000 after purchasing an additional 46,812 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of MACOM Technology Solutions by 18.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company's stock worth $82,945,000 after acquiring an additional 116,090 shares during the period. Jennison Associates LLC boosted its stake in shares of MACOM Technology Solutions by 0.5% during the 4th quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company's stock worth $69,172,000 after acquiring an additional 2,646 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of MACOM Technology Solutions by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company's stock worth $69,157,000 after acquiring an additional 1,719 shares during the last quarter. Finally, Polar Asset Management Partners Inc. raised its stake in MACOM Technology Solutions by 6.8% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 184,800 shares of the semiconductor company's stock valued at $20,561,000 after acquiring an additional 11,800 shares during the period. 76.14% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Geoffrey G. Ribar sold 6,656 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total transaction of $809,436.16. Following the completion of the sale, the director now owns 14,031 shares in the company, valued at approximately $1,706,309.91. The trade was a 32.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO John Kober sold 2,250 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $130.09, for a total transaction of $292,702.50. Following the completion of the sale, the chief financial officer now owns 49,239 shares in the company, valued at $6,405,501.51. This represents a 4.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 746,198 shares of company stock worth $92,503,343 over the last ninety days. Insiders own 16.30% of the company's stock.

MACOM Technology Solutions Trading Down 1.8 %

MTSI traded down $1.82 during trading on Friday, reaching $100.08. 40,036 shares of the company's stock were exchanged, compared to its average volume of 619,521. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions Holdings, Inc. has a one year low of $90.01 and a one year high of $152.50. The firm has a fifty day moving average price of $120.25 and a two-hundred day moving average price of $122.37. The stock has a market capitalization of $7.44 billion, a PE ratio of -69.46, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.38). MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. As a group, equities research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MTSI has been the subject of a number of research analyst reports. Benchmark reaffirmed a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Northland Capmk raised shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, Northland Securities upgraded MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $131.50.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.