Victory Capital Management Inc. Sells 51,475 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Victory Capital Management Inc. reduced its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 17.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 248,033 shares of the semiconductor company's stock after selling 51,475 shares during the period. Victory Capital Management Inc. owned 0.33% of MACOM Technology Solutions worth $32,222,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Louisiana State Employees Retirement System boosted its holdings in shares of MACOM Technology Solutions by 0.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company's stock worth $2,092,000 after buying an additional 100 shares during the period. UMB Bank n.a. boosted its holdings in shares of MACOM Technology Solutions by 74.3% during the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock worth $31,000 after acquiring an additional 101 shares during the period. EP Wealth Advisors LLC boosted its holdings in shares of MACOM Technology Solutions by 4.2% during the third quarter. EP Wealth Advisors LLC now owns 2,712 shares of the semiconductor company's stock worth $302,000 after acquiring an additional 110 shares during the period. CIBC Asset Management Inc grew its position in shares of MACOM Technology Solutions by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company's stock valued at $292,000 after purchasing an additional 112 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in shares of MACOM Technology Solutions by 6.1% during the third quarter. Verdence Capital Advisors LLC now owns 2,371 shares of the semiconductor company's stock worth $264,000 after purchasing an additional 137 shares during the period. 76.14% of the stock is owned by institutional investors.

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MACOM Technology Solutions Price Performance

MTSI traded down $2.76 on Thursday, hitting $104.21. 691,440 shares of the stock were exchanged, compared to its average volume of 613,623. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of -72.37, a PEG ratio of 2.42 and a beta of 1.74. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $88.18 and a 12 month high of $152.50. The business has a 50-day moving average of $126.38 and a two-hundred day moving average of $122.14.

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 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%. Sell-side analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 300,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.13, for a total transaction of $37,239,000.00. Following the completion of the transaction, the director now owns 4,823,636 shares of the company's stock, valued at approximately $598,757,936.68. The trade was a 5.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John Kober sold 2,250 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were 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. In the last quarter, insiders have sold 746,198 shares of company stock valued at $92,503,343. 16.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

MACOM Technology Solutions 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.