MACOM Technology Solutions Holdings, Inc. $MTSI Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC cut its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 94.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 155 shares of the semiconductor company’s stock after selling 2,913 shares during the period. Sterling Capital Management LLC’s holdings in MACOM Technology Solutions were worth $44,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. MBL Wealth LLC increased its holdings in MACOM Technology Solutions by 207.1% during the 3rd quarter. MBL Wealth LLC now owns 2,690 shares of the semiconductor company’s stock worth $766,000 after acquiring an additional 1,814 shares during the period. SBI Securities Co. Ltd. lifted its stake in MACOM Technology Solutions by 14.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 394 shares of the semiconductor company’s stock worth $112,000 after purchasing an additional 50 shares in the last quarter. Kopp Family Office LLC bought a new position in MACOM Technology Solutions in the 3rd quarter valued at $709,000. Crossmark Global Holdings Inc. boosted its holdings in MACOM Technology Solutions by 16.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,103 shares of the semiconductor company’s stock valued at $1,453,000 after purchasing an additional 726 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in MACOM Technology Solutions by 8.1% in the 3rd quarter. Quadrant Capital Group LLC now owns 9,505 shares of the semiconductor company’s stock valued at $2,935,000 after purchasing an additional 715 shares during the period. 76.14% of the stock is owned by hedge funds and other institutional investors.

MACOM Technology Solutions Trading Down 1.0%

Shares of MACOM Technology Solutions stock opened at $233.13 on Thursday. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $144.62 and a 1 year high of $418.90. The firm has a market cap of $17.80 billion, a PE ratio of 74.96, a PEG ratio of 0.77 and a beta of 1.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.34 and a quick ratio of 1.78. The company has a 50 day simple moving average of $273.90 and a two-hundred day simple moving average of $283.02.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. The business had revenue of $342.24 million during the quarter, compared to analysts’ expectations of $336.08 million. MACOM Technology Solutions had a net margin of 20.70% and a return on equity of 17.82%. The business’s quarterly revenue was up 35.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.90 EPS. Analysts expect that MACOM Technology Solutions Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MTSI shares. Needham & Company LLC upped their price target on shares of MACOM Technology Solutions from $400.00 to $410.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Zacks Research upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 24th. Weiss Ratings lowered MACOM Technology Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Susquehanna reduced their target price on MACOM Technology Solutions from $350.00 to $300.00 and set a “neutral” rating for the company in a research report on Tuesday, July 21st. Finally, Benchmark began coverage on MACOM Technology Solutions in a research report on Thursday, August 13th. They set a “buy” rating and a $375.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $338.08.

Insider Transactions at MACOM Technology Solutions

In related news, SVP Ambra R. Roth sold 653 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $300.00, for a total value of $195,900.00. Following the transaction, the senior vice president owned 9,184 shares of the company’s stock, valued at $2,755,200. This represents a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John Kober sold 1,027 shares of the firm’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $236.60, for a total value of $242,988.20. Following the sale, the chief financial officer owned 34,405 shares in the company, valued at $8,140,223. The trade was a 2.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 9,321 shares of company stock valued at $2,917,644. Insiders own 0.36% of the company’s stock.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc develops and manufactures high-performance semiconductor products for applications involving radio frequency, microwave, millimeter-wave, analog, mixed-signal and optical technologies. Its offerings include integrated circuits, discrete components, modules and semiconductor devices designed to support communications, connectivity and sensing systems.

The company serves markets including telecommunications, data centers, aerospace and defense, industrial, automotive and consumer applications.