MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 37.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 348,557 shares of the semiconductor company’s stock after selling 205,315 shares during the period. Victory Capital Management Inc.’s holdings in MACOM Technology Solutions were worth $38,854,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in MACOM Technology Solutions by 8.1% during the first quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock worth $592,395,000 after buying an additional 465,759 shares in the last quarter. Norges Bank acquired a new position in shares of MACOM Technology Solutions in the 4th quarter worth $44,250,000. G2 Investment Partners Management LLC acquired a new stake in shares of MACOM Technology Solutions during the fourth quarter worth $2,198,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of MACOM Technology Solutions by 1,533.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,234,684 shares of the semiconductor company’s stock valued at $114,765,000 after purchasing an additional 1,159,076 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in MACOM Technology Solutions by 14.4% during the first quarter. Sei Investments Co. now owns 297,615 shares of the semiconductor company’s stock valued at $28,464,000 after buying an additional 37,407 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

Analysts Set New Price Targets

MTSI has been the topic of several analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $135.00 target price (up from $100.00) on shares of MACOM Technology Solutions in a research report on Monday, May 13th. Benchmark boosted their target price on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. raised their target price on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Stifel Nicolaus upped their price target on MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Needham & Company LLC increased their price objective on MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $117.00.

Insiders Place Their Bets

In related news, SVP Donghyun Thomas Hwang sold 4,375 shares of MACOM Technology Solutions stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $104.57, for a total value of $457,493.75. Following the completion of the sale, the senior vice president now owns 37,148 shares of the company’s stock, valued at approximately $3,884,566.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Donghyun Thomas Hwang sold 4,375 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $104.57, for a total transaction of $457,493.75. Following the transaction, the senior vice president now owns 37,148 shares of the company’s stock, valued at approximately $3,884,566.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Susan Ocampo sold 95,743 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $103.18, for a total value of $9,878,762.74. Following the completion of the sale, the director now owns 6,876,284 shares of the company’s stock, valued at $709,494,983.12. The disclosure for this sale can be found here. Insiders sold 652,946 shares of company stock valued at $69,260,741 over the last ninety days. Corporate insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI opened at $97.12 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.18 and a quick ratio of 6.33. MACOM Technology Solutions Holdings, Inc. has a one year low of $68.58 and a one year high of $118.76. The business’s 50-day moving average price is $105.06 and its two-hundred day moving average price is $101.43. The company has a market capitalization of $7.01 billion, a P/E ratio of 110.36, a price-to-earnings-growth ratio of 4.88 and a beta of 1.70.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.66 EPS for the quarter, meeting the consensus estimate of $0.66. The business had revenue of $190.50 million during the quarter, compared to analysts’ expectations of $190.42 million. MACOM Technology Solutions had a return on equity of 12.59% and a net margin of 10.59%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 EPS. Analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 1.89 earnings per share for the current fiscal year.

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.