MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,369 shares of the semiconductor company’s stock after selling 1,631 shares during the quarter. Mutual of America Capital Management LLC’s holdings in MACOM Technology Solutions were worth $3,102,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of MACOM Technology Solutions by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 5,717,763 shares of the semiconductor company’s stock worth $466,455,000 after buying an additional 101,938 shares during the period. Price T Rowe Associates Inc. MD raised its stake in MACOM Technology Solutions by 90.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,739,459 shares of the semiconductor company’s stock valued at $235,511,000 after purchasing an additional 1,777,798 shares during the last quarter. State Street Corp raised its stake in MACOM Technology Solutions by 6.8% in the 2nd quarter. State Street Corp now owns 2,420,793 shares of the semiconductor company’s stock valued at $158,635,000 after purchasing an additional 153,759 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in MACOM Technology Solutions by 5.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,684,015 shares of the semiconductor company’s stock valued at $100,822,000 after purchasing an additional 84,293 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its stake in MACOM Technology Solutions by 29.0% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,128,382 shares of the semiconductor company’s stock valued at $92,053,000 after purchasing an additional 253,396 shares during the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI opened at $96.39 on Thursday. The stock has a market cap of $6.95 billion, a PE ratio of 92.68, a P/E/G ratio of 6.18 and a beta of 1.64. The company has a current ratio of 7.24, a quick ratio of 5.69 and a debt-to-equity ratio of 0.48. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $48.53 and a twelve month high of $104.90. The stock has a fifty day simple moving average of $92.74 and a 200-day simple moving average of $86.75.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. The business had revenue of $157.15 million during the quarter, compared to analysts’ expectations of $151.12 million. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. Equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.02 earnings per share for the current year.

Analysts Set New Price Targets

MTSI has been the subject of several recent research reports. Evercore ISI initiated coverage on MACOM Technology Solutions in a research note on Tuesday. They issued an “outperform” rating and a $120.00 price objective for the company. Piper Sandler restated a “neutral” rating and issued a $85.00 target price on shares of MACOM Technology Solutions in a report on Thursday, January 4th. Stifel Nicolaus upped their target price on MACOM Technology Solutions from $90.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Barclays upped their target price on MACOM Technology Solutions from $80.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Finally, TheStreet cut MACOM Technology Solutions from a “b” rating to a “c+” rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $98.56.

Insider Buying and Selling

In related news, SVP Donghyun Thomas Hwang sold 9,397 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $92.24, for a total transaction of $866,779.28. Following the transaction, the senior vice president now owns 48,325 shares of the company’s stock, valued at approximately $4,457,498. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, SVP Donghyun Thomas Hwang sold 9,397 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $92.24, for a total transaction of $866,779.28. Following the transaction, the senior vice president now owns 48,325 shares of the company’s stock, valued at approximately $4,457,498. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Susan Ocampo sold 65,993 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $80.01, for a total value of $5,280,099.93. Following the transaction, the director now directly owns 8,045,668 shares in the company, valued at approximately $643,733,896.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 811,058 shares of company stock valued at $68,674,574. Corporate insiders own 22.75% of the company’s stock.

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.