Polar Asset Management Partners Inc. Has $19.86 Million Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Polar Asset Management Partners Inc. reduced its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 17.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 152,845 shares of the semiconductor company’s stock after selling 31,955 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in MACOM Technology Solutions were worth $19,856,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MTSI. SBI Securities Co. Ltd. bought a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at $35,000. Charles Schwab Investment Management Inc. lifted its position in MACOM Technology Solutions by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company’s stock valued at $69,157,000 after buying an additional 1,719 shares during the period. Assenagon Asset Management S.A. boosted its stake in MACOM Technology Solutions by 22.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 98,189 shares of the semiconductor company’s stock worth $12,756,000 after purchasing an additional 18,055 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in MACOM Technology Solutions by 97.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 138 shares during the last quarter. Finally, Covea Finance grew its holdings in MACOM Technology Solutions by 8.0% during the fourth quarter. Covea Finance now owns 27,000 shares of the semiconductor company’s stock valued at $3,508,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock opened at $123.55 on Thursday. The company’s 50 day moving average price is $104.48 and its two-hundred day moving average price is $120.92. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $84.00 and a 52 week high of $152.50. The company has a market capitalization of $9.18 billion, a P/E ratio of -85.80, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.84 by $0.01. The company had revenue of $235.89 million during the quarter, compared to the consensus estimate of $230.04 million. MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. The firm’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 EPS. On average, analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MTSI has been the subject of a number of recent research reports. Benchmark reissued a “buy” rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Friday, May 9th. Bank of America decreased their price objective on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Truist Financial initiated coverage on shares of MACOM Technology Solutions in a research report on Friday, April 11th. They issued a “buy” rating and a $125.00 price objective on the stock. Finally, Stifel Nicolaus dropped their target price on MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.50.

Insider Activity at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 300,000 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $123.58, for a total transaction of $37,074,000.00. Following the sale, the director now owns 4,377,764 shares of the company’s stock, valued at $541,004,075.12. This trade represents a 6.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 4,944 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $118.59, for a total transaction of $586,308.96. Following the sale, the senior vice president now directly owns 30,659 shares in the company, valued at $3,635,850.81. The trade was a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 995,579 shares of company stock valued at $122,992,753 over the last quarter. 16.30% of the stock is owned by corporate insiders.

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.