The Manufacturers Life Insurance Company Decreases Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

The Manufacturers Life Insurance Company lessened its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 24.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 565,643 shares of the semiconductor company’s stock after selling 179,860 shares during the period. The Manufacturers Life Insurance Company owned about 0.76% of MACOM Technology Solutions worth $73,483,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Louisiana State Employees Retirement System increased its holdings in 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 purchasing an additional 100 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of MACOM Technology Solutions by 1.4% in the fourth quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company’s stock worth $930,000 after buying an additional 100 shares during the last quarter. UMB Bank n.a. raised its holdings in MACOM Technology Solutions by 74.3% in the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 101 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in MACOM Technology Solutions by 8.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company’s stock worth $174,000 after acquiring an additional 101 shares in the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of MACOM Technology Solutions by 5.2% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

MACOM Technology Solutions Stock Down 0.8 %

Shares of MACOM Technology Solutions stock opened at $103.18 on Wednesday. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.00 and a 1-year high of $152.50. The company has a market capitalization of $7.67 billion, a P/E ratio of -71.65, a PEG ratio of 2.42 and a beta of 1.72. The business’s fifty day moving average price is $103.95 and its two-hundred day moving average price is $120.96. 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 (NASDAQ:MTSI) last issued 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%. As a group, research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on MTSI. Bank of America cut their price objective on MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Northland Capmk upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Stifel Nicolaus lowered their target price on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Benchmark reaffirmed a “buy” rating and issued a $160.00 price target 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 increased their price objective for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $127.92.

Insider Buying and Selling

In related news, Director Geoffrey G. Ribar sold 6,656 shares of the stock in a transaction that occurred 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 directly owns 14,031 shares of the company’s stock, valued at $1,706,309.91. This represents a 32.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan Ocampo sold 45,773 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $125.35, for a total transaction of $5,737,645.55. Following the completion of the transaction, the director now owns 5,509,746 shares in the company, valued at approximately $690,646,661.10. This trade represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 736,593 shares of company stock valued at $91,232,425 over the last quarter. Corporate 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.