MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock Position Lowered by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD lowered its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 34.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,898 shares of the semiconductor company’s stock after selling 5,102 shares during the quarter. Polymer Capital Management HK LTD’s holdings in MACOM Technology Solutions were worth $1,286,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in MACOM Technology Solutions during the fourth quarter worth approximately $82,833,000. Vanguard Group Inc. lifted its position in shares of MACOM Technology Solutions by 6.0% during the 4th quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company’s stock valued at $846,656,000 after acquiring an additional 368,979 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of MACOM Technology Solutions during the 4th quarter worth $31,260,000. Wellington Management Group LLP acquired a new position in shares of MACOM Technology Solutions in the 4th quarter worth $14,645,000. Finally, ExodusPoint Capital Management LP raised its position in shares of MACOM Technology Solutions by 198.8% during the fourth quarter. ExodusPoint Capital Management LP now owns 113,134 shares of the semiconductor company’s stock worth $14,697,000 after purchasing an additional 75,273 shares during the period. 76.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 45,773 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $125.35, for a total value of $5,737,645.55. Following the transaction, the director now owns 5,509,746 shares in the company, valued at approximately $690,646,661.10. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 43,657 shares of the company’s stock, valued at $5,806,381. This trade represents a 14.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 743,948 shares of company stock valued at $92,210,640 in the last three months. Corporate insiders own 16.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Benchmark reiterated a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and boosted 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 given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.50.

MACOM Technology Solutions Stock Performance

Shares of MTSI opened at $89.66 on Friday. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $84.10 and a 52 week high of $152.50. 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 market capitalization of $6.67 billion, a PE ratio of -62.26, a PEG ratio of 2.42 and a beta of 1.74. The company’s 50 day moving average price is $114.42 and its 200 day moving average price is $122.42.

MACOM Technology Solutions (NASDAQ:MTSI) last posted 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 positive return on equity of 12.42% and a negative net margin of 13.05%. Research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

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.