Alliancebernstein L.P. Has $186.37 Million Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Alliancebernstein L.P. reduced its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 12.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,434,568 shares of the semiconductor company’s stock after selling 202,815 shares during the period. Alliancebernstein L.P. owned 1.93% of MACOM Technology Solutions worth $186,365,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of MACOM Technology Solutions during the fourth quarter worth approximately $82,833,000. Vanguard Group Inc. raised 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. Wellington Management Group LLP bought a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at $14,645,000. EULAV Asset Management acquired a new position in shares of MACOM Technology Solutions in the 4th quarter valued at $9,749,000. Finally, Raymond James Financial Inc. bought a new position in shares of MACOM Technology Solutions in the 4th quarter worth $8,630,000. Institutional investors own 76.14% of the company’s stock.

Insider Buying and Selling

In other news, CFO John Kober sold 2,250 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total value of $292,702.50. Following the sale, the chief financial officer now directly owns 49,239 shares of the company’s stock, valued at approximately $6,405,501.51. This represents a 4.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Ocampo sold 97,527 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the completion of the sale, the director now owns 4,689,225 shares of the company’s stock, valued at $581,839,038. This trade represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 746,198 shares of company stock worth $92,503,343. Corporate insiders own 16.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their target price for the company from $105.00 to $140.00 in a research note 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, Benchmark reissued a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $131.50.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock opened at $101.33 on Wednesday. The company’s fifty day simple moving average is $117.46 and its 200-day simple moving average is $122.70. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The firm has a market cap of $7.53 billion, a PE ratio of -70.37, a P/E/G ratio of 2.42 and a beta of 1.74. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $90.01 and a 12 month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate 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%. Equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

MACOM Technology Solutions Company 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.