Concentric Capital Strategies LP Sells 6,032 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Concentric Capital Strategies LP reduced its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,184 shares of the semiconductor company’s stock after selling 6,032 shares during the period. Concentric Capital Strategies LP owned about 0.13% of MACOM Technology Solutions worth $12,495,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in MACOM Technology Solutions during the 3rd quarter worth approximately $111,000. Tidal Investments LLC increased its holdings in MACOM Technology Solutions by 16.8% in the third quarter. Tidal Investments LLC now owns 15,071 shares of the semiconductor company’s stock valued at $1,677,000 after purchasing an additional 2,169 shares during the period. GAMMA Investing LLC lifted its holdings in MACOM Technology Solutions by 42.5% during the 4th quarter. GAMMA Investing LLC now owns 1,170 shares of the semiconductor company’s stock worth $152,000 after buying an additional 349 shares during the period. Everence Capital Management Inc. bought a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at about $201,000. Finally, Fulton Bank N.A. raised its position in shares of MACOM Technology Solutions by 7.7% during the fourth quarter. Fulton Bank N.A. now owns 5,281 shares of the semiconductor company’s stock worth $686,000 after acquiring an additional 377 shares during the last quarter. 76.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Benchmark reissued a “buy” rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Truist Financial initiated coverage on shares of MACOM Technology Solutions in a research note on Friday, April 11th. They set a “buy” rating and a $125.00 target price for the company. Northland Securities upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Bank of America dropped their price objective on MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Finally, Northland Capmk raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, MACOM Technology Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $128.64.

Insider Buying and Selling

In other MACOM Technology Solutions news, Director Susan Ocampo sold 45,773 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $125.35, for a total value of $5,737,645.55. Following the transaction, the director now directly owns 5,509,746 shares in the company, valued at $690,646,661.10. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Geoffrey G. Ribar sold 6,656 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total value of $809,436.16. Following the completion of the sale, the director now owns 14,031 shares in the company, valued at $1,706,309.91. This represents a 32.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 743,064 shares of company stock valued at $91,879,525 over the last quarter. 16.30% of the stock is owned by corporate insiders.

MACOM Technology Solutions Trading Down 2.6 %

NASDAQ MTSI opened at $110.82 on Wednesday. The stock’s fifty day moving average price is $103.13 and its 200-day moving average price is $120.80. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The stock has a market cap of $8.24 billion, a P/E ratio of -76.96, a P/E/G ratio of 2.42 and a beta of 1.36.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. As a group, equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

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.