2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. lowered its stake in MACOM Technology Solutions Holdings, Inc. ( NASDAQ:MTSI – Free Report ) by 3.
3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,071 shares of the semiconductor company’s stock after selling 3,030 shares during the quarter. Envestnet Asset Management Inc.
owned about 0.12% of MACOM Technology Solutions worth $11,441,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also made changes to their positions in MTSI.
UMB Bank n.a. lifted its holdings in shares of MACOM Technology Solutions by 74.
3% during the fourth quarter. UMB Bank n.a.
now owns 237 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 101 shares during the last quarter. Empowered Funds LLC acquired a new position in MACOM Technology Solutions during the fourth quarter worth $33,000. SBI Securities Co.
Ltd. acquired a new position in MACOM Technology Solutions during the fourth quarter valued at approximately $35,000. ORG Wealth Partners LLC bought a new position in shares of MACOM Technology Solutions in the fourth quarter worth about $36,000.
Finally, Smartleaf Asset Management LLC raised its stake in MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 138 shares during the last quarter.
76.14% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast Growth A number of research firms have weighed in on MTSI.
Stifel Nicolaus decreased their price target on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday.
Truist Financial started coverage on MACOM Technology Solutions in a report on Friday, April 11th. They set a “buy” rating and a $125.00 price objective on the stock.
Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $105.00 to $140.00 in a research note on Monday, February 10th.
Bank of America cut their price target on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday.
Finally, BNP Paribas upgraded MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price objective for the company in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock.
Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $130.83. Insider Activity In other news, SVP Donghyun Thomas Hwang sold 7,355 shares of the company’s 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 directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, Director Susan Ocampo sold 45,773 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $125.
35, for a total value of $5,737,645.55. Following the completion of the transaction, the director now owns 5,509,746 shares of the company’s stock, valued at $690,646,661.
10. This represents a 0.82 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Over the last ninety days, insiders sold 743,948 shares of company stock worth $92,210,640. Corporate insiders own 16.
30% of the company’s stock. MACOM Technology Solutions Price Performance NASDAQ:MTSI opened at $97.29 on Friday.
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 stock’s 50 day moving average price is $107.47 and its two-hundred day moving average price is $121.
45. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $84.
00 and a 12-month high of $152.50. The firm has a market capitalization of $7.
23 billion, a price-to-earnings ratio of -67.56, a P/E/G ratio of 2.42 and a beta of 1.
72. MACOM Technology Solutions ( NASDAQ:MTSI – Get Free Report ) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.
40 earnings per share for the quarter, missing analysts’ consensus estimates 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%.
On average, analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.
MACOM Technology Solutions Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding MTSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MACOM Technology Solutions Holdings, Inc.
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