John G Ullman & Associates Inc. Sells 100 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

John G Ullman & Associates Inc. reduced its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,000 shares of the semiconductor company’s stock after selling 100 shares during the period. John G Ullman & Associates Inc.’s holdings in MACOM Technology Solutions were worth $779,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MTSI. Westfield Capital Management Co. LP boosted its holdings in shares of MACOM Technology Solutions by 21.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after buying an additional 210,151 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in MACOM Technology Solutions by 52.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company’s stock valued at $59,037,000 after purchasing an additional 182,058 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in MACOM Technology Solutions by 18.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock valued at $82,945,000 after purchasing an additional 116,090 shares during the period. Cinctive Capital Management LP boosted its holdings in MACOM Technology Solutions by 744.5% in the 3rd quarter. Cinctive Capital Management LP now owns 88,608 shares of the semiconductor company’s stock valued at $9,859,000 after purchasing an additional 78,116 shares during the period. Finally, EULAV Asset Management bought a new stake in MACOM Technology Solutions in the 4th quarter valued at $9,749,000. 76.14% of the stock is owned by institutional investors.

MACOM Technology Solutions Price Performance

NASDAQ:MTSI opened at $115.66 on Friday. The company has a market capitalization of $8.60 billion, a price-to-earnings ratio of -80.32, a PEG ratio of 2.42 and a beta of 1.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. The company has a 50-day moving average of $130.84 and a 200-day moving average of $122.16. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $88.18 and a 52 week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. As a group, equities research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MTSI has been the subject of a number of research reports. Benchmark reissued a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a report on Monday, February 10th. Barclays increased their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their price target for the company from $105.00 to $140.00 in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, MACOM Technology Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $131.50.

Insider Buying and Selling

In related news, Director Susan Ocampo sold 45,773 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $125.35, for a total transaction of $5,737,645.55. Following the completion of the sale, the director now owns 5,509,746 shares in the company, valued at $690,646,661.10. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Ambra R. Roth sold 1,366 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $139.07, for a total transaction of $189,969.62. Following the completion of the sale, the senior vice president now owns 6,564 shares of the company’s stock, valued at $912,855.48. The trade was a 17.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 747,562 shares of company stock worth $92,693,081 in the last quarter. 16.30% of the stock is owned by corporate insiders.

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.