Global X Japan Co. Ltd. Sells 1,043 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Global X Japan Co. Ltd. lessened its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 15.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,871 shares of the semiconductor company’s stock after selling 1,043 shares during the quarter. Global X Japan Co. Ltd.’s holdings in MACOM Technology Solutions were worth $763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the stock. Westfield Capital Management Co. LP lifted its position in shares of MACOM Technology Solutions by 21.0% during the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after acquiring an additional 210,151 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of MACOM Technology Solutions by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company’s stock valued at $113,044,000 after purchasing an additional 46,812 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of MACOM Technology Solutions by 18.4% during the third quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock valued at $82,945,000 after buying an additional 116,090 shares during the last quarter. Jennison Associates LLC increased its stake in MACOM Technology Solutions by 0.5% in the 4th quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company’s stock worth $69,172,000 after purchasing an additional 2,646 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in MACOM Technology Solutions by 52.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company’s stock valued at $59,037,000 after buying an additional 182,058 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Insider Activity at MACOM Technology Solutions

In related news, SVP Ambra R. Roth sold 1,366 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $139.07, for a total value of $189,969.62. Following the completion of the sale, the senior vice president now directly owns 6,564 shares of the company’s stock, valued at $912,855.48. This represents a 17.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions 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 completion of the transaction, the senior vice president now owns 43,657 shares in the company, valued at approximately $5,806,381. This represents a 14.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 218,532 shares of company stock worth $27,902,795. Company insiders own 16.30% of the company’s stock.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI opened at $129.50 on Friday. The company has a current ratio of 8.35, a quick ratio of 6.55 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $9.63 billion, a price-to-earnings ratio of 125.73, a PEG ratio of 2.32 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $79.53 and a twelve month high of $152.50. The stock has a 50-day moving average of $136.08 and a 200 day moving average of $119.68.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.38). MACOM Technology Solutions had a return on equity of 12.91% and a net margin of 10.53%. Sell-side analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Piper Sandler boosted their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Barclays raised their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Northland Securities upped their price objective on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research report on Monday, November 11th. Finally, Benchmark raised their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $128.00.

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.