Hood River Capital Management LLC Has $38.25 Million Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Hood River Capital Management LLC decreased its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 63.2% in the 4th quarter, HoldingsChannel reports. The firm owned 294,449 shares of the semiconductor company’s stock after selling 504,894 shares during the quarter. Hood River Capital Management LLC’s holdings in MACOM Technology Solutions were worth $38,252,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MTSI. UMB Bank n.a. lifted its stake in shares of MACOM Technology Solutions by 74.3% in the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 101 shares during the period. Empowered Funds LLC bought a new stake in MACOM Technology Solutions in the 4th quarter valued at approximately $33,000. SBI Securities Co. Ltd. bought a new position in MACOM Technology Solutions in the fourth quarter valued at $35,000. ORG Wealth Partners LLC bought a new stake in MACOM Technology Solutions during the fourth quarter worth about $36,000. Finally, Smartleaf Asset Management LLC increased its holdings in MACOM Technology Solutions by 97.2% during the fourth 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 last quarter. 76.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MTSI has been the subject of several research reports. Northland Securities raised 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. Barclays cut their price objective on MACOM Technology Solutions from $160.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday. Stifel Nicolaus dropped their price target on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. BNP Paribas raised MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price objective for the company in a report on Wednesday, April 9th. Finally, Bank of America decreased their price objective on MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, MACOM Technology Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $127.92.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock opened at $95.87 on Wednesday. MACOM Technology Solutions Holdings, Inc. has a one year low of $84.00 and a one year high of $152.50. The firm’s 50 day moving average price is $105.91 and its 200-day moving average price is $121.28. The firm has a market cap of $7.13 billion, a P/E ratio of -66.58, a P/E/G ratio of 2.42 and a beta of 1.72. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61.

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 the consensus estimate 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%. As a group, equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insiders Place Their Bets

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $133.00, for a total value of $978,215.00. Following the completion of the transaction, the senior vice president now directly owns 43,657 shares in the company, valued at $5,806,381. The trade was a 14.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan Ocampo sold 97,527 shares of MACOM Technology Solutions stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the sale, the director now owns 4,689,225 shares in the company, valued at approximately $581,839,038. This represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 743,948 shares of company stock valued at $92,210,640. Insiders own 16.30% of the company’s stock.

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.