MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Position Reduced by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. reduced its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,165 shares of the semiconductor company’s stock after selling 3,521 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.13% of MACOM Technology Solutions worth $12,708,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Westfield Capital Management Co. LP grew its position in MACOM Technology Solutions by 21.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after purchasing an additional 210,151 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of MACOM Technology Solutions by 52.2% during the third 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 in the last quarter. The Manufacturers Life Insurance Company raised its position in 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 period. Assenagon Asset Management S.A. purchased a new stake in MACOM Technology Solutions in the 3rd quarter worth about $8,916,000. Finally, Cinctive Capital Management LP boosted its position in MACOM Technology Solutions by 744.5% during the 3rd quarter. Cinctive Capital Management LP now owns 88,608 shares of the semiconductor company’s stock worth $9,859,000 after acquiring an additional 78,116 shares during the period. Institutional investors and hedge funds own 76.14% of the company’s stock.

MACOM Technology Solutions Price Performance

NASDAQ MTSI opened at $129.50 on Friday. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $79.53 and a fifty-two week high of $152.50. The stock’s 50-day moving average is $136.08 and its two-hundred day moving average is $119.68. The firm has a market cap of $9.63 billion, a P/E ratio of 125.73, a price-to-earnings-growth ratio of 2.32 and a beta of 1.71. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55.

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 return on equity of 12.91% and a net margin of 10.53%. On average, analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.71 earnings per share for the current fiscal year.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Ambra R. Roth sold 1,366 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $139.07, for a total value of $189,969.62. Following the sale, the senior vice president now owns 6,564 shares of the company’s stock, valued at $912,855.48. This trade represents a 17.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Susan Ocampo sold 105,782 shares of MACOM Technology Solutions stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $123.67, for a total value of $13,082,059.94. Following the completion of the transaction, the director now directly owns 5,914,008 shares in the company, valued at approximately $731,385,369.36. This represents a 1.76 % 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. 16.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MTSI shares. Northland Securities upped their target price on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a report on Monday, November 11th. Piper Sandler upped 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 note on Friday, October 25th. Benchmark lifted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Barclays upped their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research note 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.