Polar Asset Management Partners Inc. Has $19.86 Million Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Polar Asset Management Partners Inc. lowered its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 17.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 152,845 shares of the semiconductor company’s stock after selling 31,955 shares during the quarter. Polar Asset Management Partners Inc. owned approximately 0.21% of MACOM Technology Solutions worth $19,856,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in MACOM Technology Solutions by 38.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company’s stock valued at $519,399,000 after acquiring an additional 1,120,510 shares during the period. Norges Bank acquired a new stake in MACOM Technology Solutions in the fourth quarter valued at approximately $82,833,000. Vanguard Group Inc. boosted its position in shares of MACOM Technology Solutions by 6.0% during the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company’s stock valued at $846,656,000 after buying an additional 368,979 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at $31,260,000. Finally, Nuveen Asset Management LLC raised its stake in shares of MACOM Technology Solutions by 129.4% in the fourth quarter. Nuveen Asset Management LLC now owns 328,081 shares of the semiconductor company’s stock valued at $42,621,000 after buying an additional 185,075 shares during the period. 76.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other MACOM Technology Solutions news, Director Susan Ocampo sold 300,000 shares of MACOM Technology Solutions stock in a transaction on Monday, May 12th. The shares were sold at an average price of $123.58, for a total transaction of $37,074,000.00. Following the sale, the director now owns 4,377,764 shares in the company, valued at $541,004,075.12. The trade was a 6.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Donghyun Thomas Hwang sold 4,944 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $118.59, for a total value of $586,308.96. Following the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 995,579 shares of company stock worth $122,992,753 in the last quarter. 16.30% of the stock is currently owned by corporate insiders.

MACOM Technology Solutions Stock Performance

NASDAQ:MTSI opened at $123.55 on Thursday. The firm’s fifty day simple moving average is $104.48 and its 200 day simple moving average is $120.92. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $84.00 and a twelve month 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. The firm has a market capitalization of $9.18 billion, a price-to-earnings ratio of -85.80, a PEG ratio of 2.42 and a beta of 1.36.

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

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Truist Financial began coverage on MACOM Technology Solutions in a research report on Friday, April 11th. They issued a “buy” rating and a $125.00 target price for the company. Bank of America cut their price target 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. Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $105.00 to $140.00 in a report on Monday, February 10th. Stifel Nicolaus cut their target price on MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Finally, Benchmark reaffirmed a “buy” rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $130.50.

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.