MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 31.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 447,803 shares of the semiconductor company’s stock after selling 209,461 shares during the period. Janus Henderson Group PLC’s holdings in MACOM Technology Solutions were worth $58,176,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MTSI. Fifth Third Wealth Advisors LLC acquired a new stake in MACOM Technology Solutions in the 4th quarter valued at about $216,000. Assenagon Asset Management S.A. lifted its holdings in MACOM Technology Solutions by 22.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 98,189 shares of the semiconductor company’s stock valued at $12,756,000 after purchasing an additional 18,055 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in MACOM Technology Solutions by 17.4% in the 4th quarter. Park Avenue Securities LLC now owns 3,675 shares of the semiconductor company’s stock valued at $477,000 after purchasing an additional 546 shares in the last quarter. Covea Finance lifted its holdings in MACOM Technology Solutions by 8.0% in the 4th quarter. Covea Finance now owns 27,000 shares of the semiconductor company’s stock valued at $3,508,000 after purchasing an additional 2,000 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in 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 in the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 4,944 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $118.59, for a total value of $586,308.96. Following the transaction, the senior vice president now owns 30,659 shares in the company, valued at approximately $3,635,850.81. This trade represents a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Susan Ocampo sold 286,635 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $123.31, for a total transaction of $35,344,961.85. Following the completion of the transaction, the director now owns 5,123,636 shares in the company, valued at $631,795,555.16. The trade was a 5.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 695,579 shares of company stock worth $85,918,753. Company insiders own 16.30% of the company’s stock.

MACOM Technology Solutions Trading Up 0.5%

Shares of MTSI stock opened at $123.25 on Wednesday. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.00 and a 1-year high of $152.50. The firm’s 50-day simple moving average is $104.07 and its 200-day simple moving average is $120.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. The firm has a market cap of $9.16 billion, a P/E ratio of -85.59, a PEG ratio of 2.42 and a beta of 1.36.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.84 by $0.01. MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. The firm had revenue of $235.89 million for the quarter, compared to analyst estimates of $230.04 million. During the same quarter last year, the firm posted $0.59 earnings per share. MACOM Technology Solutions’s revenue for the quarter was up 30.2% compared to the same quarter last year. As a group, equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MTSI. Benchmark restated a “buy” rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a report on Friday, May 9th. Bank of America reduced their target price on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Truist Financial began coverage on shares of MACOM Technology Solutions in a report on Friday, April 11th. They issued a “buy” rating and a $125.00 target price on the stock. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and upped their target price for the company from $105.00 to $140.00 in a report on Monday, February 10th. Finally, Barclays increased their price objective on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Two investment 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 company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.50.

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.