Migdal Insurance & Financial Holdings Ltd. Decreases Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Migdal Insurance & Financial Holdings Ltd. trimmed its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 18.8% during the 4th quarter, Holdings Channel reports. The fund owned 947 shares of the semiconductor company’s stock after selling 219 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in MACOM Technology Solutions were worth $89,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Raymond James & Associates bought a new position in MACOM Technology Solutions in the 1st quarter valued at $354,000. MetLife Investment Management LLC grew its position in MACOM Technology Solutions by 55.9% in the 1st quarter. MetLife Investment Management LLC now owns 26,105 shares of the semiconductor company’s stock valued at $1,563,000 after acquiring an additional 9,357 shares during the last quarter. Dimensional Fund Advisors LP grew its position in MACOM Technology Solutions by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 648,503 shares of the semiconductor company’s stock valued at $38,827,000 after acquiring an additional 13,293 shares during the last quarter. Sei Investments Co. grew its position in MACOM Technology Solutions by 11.2% in the 1st quarter. Sei Investments Co. now owns 261,479 shares of the semiconductor company’s stock valued at $15,602,000 after acquiring an additional 26,291 shares during the last quarter. Finally, Covestor Ltd grew its position in MACOM Technology Solutions by 97.7% in the 1st quarter. Covestor Ltd now owns 1,621 shares of the semiconductor company’s stock valued at $97,000 after acquiring an additional 801 shares during the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

MACOM Technology Solutions Trading Down 1.3 %

MACOM Technology Solutions stock opened at $95.16 on Friday. The stock has a 50-day moving average of $92.99 and a two-hundred day moving average of $86.81. 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 Holdings, Inc. has a one year low of $48.53 and a one year high of $104.90. The stock has a market cap of $6.86 billion, a PE ratio of 91.50, a price-to-earnings-growth ratio of 6.11 and a beta of 1.64.

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

Analyst Ratings Changes

Several brokerages have weighed in on MTSI. Stifel Nicolaus upped their target price on MACOM Technology Solutions from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday. Needham & Company LLC upped their target price on MACOM Technology Solutions from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Evercore ISI began coverage on MACOM Technology Solutions in a report on Tuesday. They issued an “outperform” rating and a $120.00 target price for the company. Barclays upped their target price on MACOM Technology Solutions from $80.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Finally, Piper Sandler restated a “neutral” rating and set a $85.00 price objective on shares of MACOM Technology Solutions in a research note on Thursday, January 4th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $99.67.

Insider Activity

In other news, CFO John Kober sold 12,892 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $79.95, for a total value of $1,030,715.40. Following the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO John Kober sold 12,892 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $79.95, for a total value of $1,030,715.40. Following the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Ocampo sold 200,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $82.39, for a total value of $16,478,000.00. Following the completion of the transaction, the director now directly owns 7,645,668 shares in the company, valued at $629,926,586.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 811,058 shares of company stock valued at $68,674,574. Company insiders own 22.75% of the company’s stock.

About MACOM Technology Solutions

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.