MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership reduced its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 7.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,713,457 shares of the semiconductor company’s stock after selling 227,106 shares during the quarter. Artisan Partners Limited Partnership owned approximately 3.65% of MACOM Technology Solutions worth $352,505,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. UMB Bank n.a. increased its position in 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 purchasing an additional 101 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at $33,000. SBI Securities Co. Ltd. acquired a new stake in shares of MACOM Technology Solutions during the 4th quarter worth $35,000. ORG Wealth Partners LLC purchased a new position in shares of MACOM Technology Solutions in the 4th quarter worth $36,000. Finally, Smartleaf Asset Management LLC raised its position in shares of MACOM Technology Solutions by 97.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after buying an additional 138 shares during the period. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MTSI. Northland Capmk upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Benchmark reiterated a “buy” rating and set a $160.00 target price on shares of MACOM Technology Solutions in a report on Monday, February 10th. Finally, Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and raised their price target for the company from $105.00 to $140.00 in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.50.

MACOM Technology Solutions Trading Down 5.9 %

NASDAQ MTSI opened at $105.65 on Thursday. The company’s fifty day simple moving average is $121.07 and its 200-day simple moving average is $122.51. The stock has a market cap of $7.85 billion, a P/E ratio of -73.37, a PEG ratio of 2.42 and a beta of 1.74. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $90.01 and a 52 week high of $152.50. 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 (NASDAQ:MTSI) last posted its quarterly earnings data 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 negative net margin of 13.05% and a positive return on equity of 12.42%. Equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other MACOM Technology Solutions news, Director Susan Ocampo sold 300,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $124.13, for a total transaction of $37,239,000.00. Following the transaction, the director now directly owns 4,823,636 shares in the company, valued at $598,757,936.68. This represents a 5.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO John Kober sold 2,250 shares of the business’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 directly owns 49,239 shares of the company’s stock, valued at $6,405,501.51. The trade was 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 in the last three months. 16.30% of the stock is owned by insiders.

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.