Quantbot Technologies LP Sells 6,617 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Quantbot Technologies LP decreased its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 38.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,381 shares of the semiconductor company’s stock after selling 6,617 shares during the period. Quantbot Technologies LP’s holdings in MACOM Technology Solutions were worth $1,349,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MTSI. UMB Bank n.a. grew its stake 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 buying an additional 101 shares in the last quarter. Empowered Funds LLC bought a new position in shares of MACOM Technology Solutions in the fourth quarter worth $33,000. SBI Securities Co. Ltd. purchased a new position in shares of MACOM Technology Solutions in the fourth quarter valued at $35,000. ORG Wealth Partners LLC bought a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at $36,000. Finally, Smartleaf Asset Management LLC lifted its holdings in MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 138 shares in the last quarter. Institutional investors own 76.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $160.00 target price on shares of MACOM Technology Solutions in a report on Monday, February 10th. Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $105.00 to $140.00 in a research note on Monday, February 10th. Finally, Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Two equities research 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $131.50.

MACOM Technology Solutions Stock Performance

MACOM Technology Solutions stock opened at $112.84 on Tuesday. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $90.01 and a fifty-two week high of $152.50. The firm’s fifty day moving average price is $122.25 and its 200-day moving average price is $122.51. The stock has a market cap of $8.39 billion, a P/E ratio of -78.36, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74. 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 released its quarterly earnings results 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%. On average, equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Donghyun Thomas Hwang sold 7,355 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $133.00, for a total transaction of $978,215.00. Following the transaction, the senior vice president now owns 43,657 shares of the company’s stock, valued at approximately $5,806,381. This trade represents a 14.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan Ocampo sold 97,527 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the completion of the sale, the director now directly owns 4,689,225 shares of the company’s stock, valued at $581,839,038. This represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 746,198 shares of company stock worth $92,503,343 in the last quarter. 16.30% of the stock is owned by insiders.

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.