Loomis Sayles & Co. L P Trims Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Loomis Sayles & Co. L P cut its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 15.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 543,823 shares of the semiconductor company’s stock after selling 102,723 shares during the period. Loomis Sayles & Co. L P owned 0.73% of MACOM Technology Solutions worth $70,648,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System lifted its stake in MACOM Technology Solutions by 0.6% during the fourth 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 in the last quarter. UMB Bank n.a. lifted its stake in MACOM Technology Solutions by 74.3% during the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 101 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in MACOM Technology Solutions by 4.2% during the 3rd quarter. EP Wealth Advisors LLC now owns 2,712 shares of the semiconductor company’s stock worth $302,000 after acquiring an additional 110 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in MACOM Technology Solutions by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company’s stock valued at $292,000 after acquiring an additional 112 shares during the period. Finally, Arizona State Retirement System grew its position in MACOM Technology Solutions by 0.7% in the 4th quarter. Arizona State Retirement System now owns 16,732 shares of the semiconductor company’s stock valued at $2,174,000 after acquiring an additional 122 shares in the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 7,355 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was 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 in the company, valued at $5,806,381. This trade represents a 14.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan Ocampo sold 97,527 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $124.08, for a total value of $12,101,150.16. Following the completion of the sale, the director now owns 4,689,225 shares of the company’s stock, valued at approximately $581,839,038. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 746,198 shares of company stock valued at $92,503,343 in the last ninety days. Insiders own 16.30% of the company’s stock.

MACOM Technology Solutions Stock Down 5.9 %

Shares of NASDAQ MTSI opened at $105.65 on Thursday. The business has a 50-day moving average of $121.07 and a two-hundred day moving average of $122.51. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of -73.37, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $90.01 and a 1 year high of $152.50. 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 posted its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing the consensus estimate 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%. On average, analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Benchmark reiterated a “buy” rating and set a $160.00 target price on shares of MACOM Technology Solutions in a report on Monday, February 10th. Finally, Northland Capmk raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.50.

About MACOM Technology Solutions

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.