MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Position Trimmed by Federated Hermes Inc.

Federated Hermes Inc. reduced its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 10.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,028 shares of the semiconductor company’s stock after selling 675 shares during the quarter. Federated Hermes Inc.’s holdings in MACOM Technology Solutions were worth $560,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. RiverPark Advisors LLC acquired a new stake in MACOM Technology Solutions during the third quarter worth about $58,000. International Assets Investment Management LLC bought a new stake in shares of MACOM Technology Solutions in the 4th quarter worth approximately $156,000. Headlands Technologies LLC acquired a new position in MACOM Technology Solutions during the 3rd quarter valued at approximately $144,000. EP Wealth Advisors LLC acquired a new position in MACOM Technology Solutions during the 3rd quarter valued at approximately $208,000. Finally, Pathstone Family Office LLC acquired a new stake in MACOM Technology Solutions in the third quarter worth $209,000. 76.14% of the stock is owned by institutional investors and hedge funds.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI opened at $102.85 on Friday. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $48.53 and a 1 year high of $104.90. The firm has a market cap of $7.41 billion, a P/E ratio of 98.89, a PEG ratio of 6.30 and a beta of 1.65. The stock has a fifty day moving average price of $96.16 and a two-hundred day moving average price of $88.22. The company has a debt-to-equity ratio of 0.48, a quick ratio of 5.69 and a current ratio of 7.24.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. The business had revenue of $157.15 million during the quarter, compared to analyst estimates of $151.12 million. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. Research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Donghyun Thomas Hwang sold 9,397 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $92.24, for a total transaction of $866,779.28. Following the completion of the transaction, the senior vice president now owns 48,325 shares in the company, valued at approximately $4,457,498. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO John Kober sold 12,892 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $79.95, for a total transaction of $1,030,715.40. Following the sale, the chief financial officer now directly owns 60,672 shares of the company’s stock, valued at $4,850,726.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Donghyun Thomas Hwang sold 9,397 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $92.24, for a total value of $866,779.28. Following the completion of the transaction, the senior vice president now owns 48,325 shares of the company’s stock, valued at approximately $4,457,498. The disclosure for this sale can be found here. Over the last three months, insiders have sold 804,824 shares of company stock worth $68,127,415. 22.75% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MTSI has been the subject of several analyst reports. TheStreet downgraded shares of MACOM Technology Solutions from a “b” rating to a “c+” rating in a report on Thursday, February 1st. Evercore ISI started coverage on shares of MACOM Technology Solutions in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $120.00 target price for the company. Needham & Company LLC lifted their price target on MACOM Technology Solutions from $100.00 to $110.00 and gave the company a “buy” rating in a report on Friday. Barclays increased their price objective on MACOM Technology Solutions from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Craig Hallum lifted their target price on MACOM Technology Solutions from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Friday. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, MACOM Technology Solutions has a consensus rating of “Moderate Buy” and an average price target of $105.78.

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.