Rice Hall James & Associates LLC trimmed its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Free Report) by 12.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,700 shares of the semiconductor company’s stock after selling 2,138 shares during the period. Rice Hall James & Associates LLC’s holdings in MACOM Technology Solutions were worth $3,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of MTSI. Advisory Services Network LLC purchased a new stake in shares of MACOM Technology Solutions in the third quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in MACOM Technology Solutions during the 4th quarter worth $30,000. GHP Investment Advisors Inc. purchased a new position in MACOM Technology Solutions during the 1st quarter worth $31,000. Bayforest Capital Ltd bought a new stake in MACOM Technology Solutions during the 4th quarter valued at $39,000. Finally, Clearstead Advisors LLC lifted its holdings in shares of MACOM Technology Solutions by 156.5% in the 4th quarter. Clearstead Advisors LLC now owns 236 shares of the semiconductor company’s stock worth $40,000 after buying an additional 144 shares during the period. 76.14% of the stock is owned by hedge funds and other institutional investors.
MACOM Technology Solutions Stock Performance
Shares of NASDAQ:MTSI opened at $266.99 on Monday. The company has a market capitalization of $20.37 billion, a PE ratio of 115.58, a P/E/G ratio of 2.19 and a beta of 1.65. The company has a current ratio of 7.52, a quick ratio of 5.84 and a debt-to-equity ratio of 0.29. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $118.16 and a 12-month high of $418.90. The business’s fifty day simple moving average is $348.53 and its 200-day simple moving average is $282.52.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. Zacks Research raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. HC Wainwright reaffirmed a “buy” rating on shares of MACOM Technology Solutions in a research note on Wednesday, June 3rd. Barclays increased their target price on shares of MACOM Technology Solutions from $400.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Wall Street Zen downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Needham & Company LLC boosted their price target on shares of MACOM Technology Solutions from $250.00 to $400.00 and gave the company a “buy” rating in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $330.45.
Insiders Place Their Bets
In other news, SVP Donghyun Thomas Hwang sold 2,620 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $383.87, for a total value of $1,005,739.40. Following the sale, the senior vice president directly owned 29,756 shares in the company, valued at approximately $11,422,435.72. This trade represents a 8.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Peter Y. Chung sold 43,268 shares of MACOM Technology Solutions stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $378.20, for a total transaction of $16,363,957.60. Following the completion of the transaction, the director directly owned 6,781 shares in the company, valued at approximately $2,564,574.20. The trade was a 86.45% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 78,096 shares of company stock worth $28,760,941. Insiders own 0.36% of the company’s stock.
About MACOM Technology Solutions
MACOM Technology Solutions is a semiconductor company specializing in high-performance analog, microwave, millimeter-wave and photonic semiconductor solutions. Its product portfolio includes amplifiers, switches, modulators, detectors and integrated circuits designed to optimize signal integrity, power management and data transmission. MACOM’s offerings address both digital and optical domains, providing critical building blocks for next-generation communications infrastructure.
The company’s solutions serve a diverse set of end markets, including wireless and wireline telecom, data centers, satellite communications, aerospace and defense, industrial and automotive applications.
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