MACOM Technology Solutions Holdings, Inc. $MTSI Stock Holdings Reduced by Sterling Capital Management LLC

Sterling Capital Management LLC cut its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 94.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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.

Several other institutional investors have also added to or reduced their stakes in the business. Bell Investment Advisors Inc bought a new stake in shares of MACOM Technology Solutions in the 2nd quarter valued at about $49,000. Burkett Financial Services LLC bought a new position in MACOM Technology Solutions during the 3rd quarter worth approximately $38,000. Mather Group LLC. grew its position in MACOM Technology Solutions by 41.0% during the 3rd quarter. Mather Group LLC. now owns 141 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 41 shares during the last quarter. Keating Financial Advisory Services Inc. bought a new position in MACOM Technology Solutions during the 2nd quarter worth approximately $58,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in MACOM Technology Solutions in the 2nd quarter worth approximately $67,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ:MTSI opened at $233.13 on Thursday. The company has a current ratio of 2.34, a quick ratio of 1.78 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $273.90 and a 200-day moving average price of $283.02. The company has a market cap of $17.80 billion, a price-to-earnings ratio of 74.96, a price-to-earnings-growth ratio of 0.77 and a beta of 1.82. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $144.62 and a 12 month high of $418.90.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results on Thursday, August 6th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.05. The company had revenue of $342.24 million for the quarter, compared to analysts’ expectations of $336.08 million. MACOM Technology Solutions had a return on equity of 17.82% and a net margin of 20.70%. MACOM Technology Solutions’s quarterly revenue was up 35.8% on a year-over-year basis. During the same period last year, the firm earned $0.90 earnings per share. As a group, equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 4.26 EPS for the current year.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, CFO John Kober sold 7,389 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $326.08, for a total transaction of $2,409,405.12. Following the completion of the transaction, the chief financial officer owned 33,583 shares of the company’s stock, valued at $10,950,744.64. This represents a 18.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ambra Roth sold 653 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $300.00, for a total value of $195,900.00. Following the transaction, the senior vice president directly owned 9,184 shares of the company’s stock, valued at $2,755,200. The trade was a 6.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 9,321 shares of company stock worth $2,917,644 in the last 90 days. Company insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

MTSI has been the topic of a number of analyst reports. Benchmark began coverage on MACOM Technology Solutions in a research report on Thursday, August 13th. They issued a “buy” rating and a $375.00 price objective for the company. Zacks Research raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 24th. Needham & Company LLC raised their target price 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. Raymond James Financial raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $300.00 target price on the stock in a research note on Tuesday, October 27th. Finally, Wall Street Zen raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $338.08.

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.