MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lowered its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 0.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 501,298 shares of the semiconductor company's stock after selling 4,323 shares during the period. Stephens Investment Management Group LLC owned about 0.67% of MACOM Technology Solutions worth $65,124,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of MACOM Technology Solutions by 75.4% in the third quarter. GAMMA Investing LLC now owns 821 shares of the semiconductor company's stock valued at $91,000 after buying an additional 353 shares during the period. CWM LLC boosted its position in shares of MACOM Technology Solutions by 16.4% during the 3rd quarter. CWM LLC now owns 1,689 shares of the semiconductor company's stock valued at $188,000 after purchasing an additional 238 shares in the last quarter. Creative Planning boosted its position in shares of MACOM Technology Solutions by 11.3% during the 3rd quarter. Creative Planning now owns 10,421 shares of the semiconductor company's stock valued at $1,159,000 after purchasing an additional 1,059 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of MACOM Technology Solutions during the 3rd quarter valued at about $367,000. Finally, Raymond James & Associates boosted its position in shares of MACOM Technology Solutions by 5.2% during the 3rd quarter. Raymond James & Associates now owns 38,917 shares of the semiconductor company's stock valued at $4,330,000 after purchasing an additional 1,924 shares in the last quarter. Institutional investors own 76.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday. Benchmark reiterated a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a report on Monday. Northland Securities upgraded MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $105.00 to $140.00 in a report on Monday. Barclays raised their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Finally, Piper Sandler increased their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $131.50.

MACOM Technology Solutions Stock Performance

MTSI traded down $0.40 during mid-day trading on Wednesday, reaching $121.87. 491,621 shares of the company traded hands, compared to its average volume of 751,286. The stock has a market capitalization of $9.06 billion, a P/E ratio of -84.63, a P/E/G ratio of 2.27 and a beta of 1.71. The company has a quick ratio of 6.55, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The company's fifty day moving average price is $134.90 and its 200-day moving average price is $120.38. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $81.14 and a 52-week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. On average, sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.71 EPS for the current year.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 7,355 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $133.00, for a total value of $978,215.00. Following the completion of the sale, the senior vice president now directly owns 43,657 shares in the company, valued at $5,806,381. This trade represents a 14.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan Ocampo sold 105,782 shares of MACOM Technology Solutions stock in a transaction on Friday, November 15th. The stock was sold at an average price of $123.67, for a total transaction of $13,082,059.94. Following the sale, the director now owns 5,914,008 shares of the company's stock, valued at $731,385,369.36. The trade was a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 238,954 shares of company stock valued at $30,343,543. Insiders own 16.30% of the company's stock.

About MACOM Technology Solutions

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.