MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 90.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,746 shares of the semiconductor company’s stock after selling 840,306 shares during the period. Deutsche Bank AG owned approximately 0.12% of MACOM Technology Solutions worth $11,139,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Louisiana State Employees Retirement System lifted its stake in shares of MACOM Technology Solutions by 0.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company’s stock worth $2,092,000 after buying an additional 100 shares during the period. Russell Investments Group Ltd. raised its position in shares of MACOM Technology Solutions by 1.4% during the 4th quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company’s stock worth $930,000 after purchasing an additional 100 shares during the last quarter. UMB Bank n.a. raised its position in shares of MACOM Technology Solutions by 74.3% during the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 101 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of MACOM Technology Solutions by 8.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company’s stock worth $174,000 after purchasing an additional 101 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of MACOM Technology Solutions by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company’s stock worth $292,000 after purchasing an additional 112 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 4,944 shares of the firm’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $118.59, for a total value of $586,308.96. Following the completion of the sale, the senior vice president now owns 30,659 shares in the company, valued at $3,635,850.81. This trade represents a 13.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Susan Ocampo sold 300,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $124.13, for a total transaction of $37,239,000.00. Following the completion of the sale, the director now owns 4,823,636 shares of the company’s stock, valued at approximately $598,757,936.68. The trade was a 5.86% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 708,944 shares of company stock worth $87,647,791. Company insiders own 16.30% of the company’s stock.

MACOM Technology Solutions Stock Performance

NASDAQ:MTSI opened at $122.53 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50. The firm has a market capitalization of $9.11 billion, a PE ratio of -85.09, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36. The business’s fifty day moving average price is $105.00 and its 200 day moving average price is $120.95.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. The company had revenue of $235.89 million during the quarter, compared to the consensus estimate of $230.04 million. During the same quarter in the prior year, the firm posted $0.59 earnings per share. MACOM Technology Solutions’s revenue for the quarter was up 30.2% on a year-over-year basis. On average, sell-side analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Truist Financial started coverage on shares of MACOM Technology Solutions in a report on Friday, April 11th. They issued a “buy” rating and a $125.00 price objective for the company. Barclays increased their price objective on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Benchmark reissued a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Finally, BNP Paribas raised shares of MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price target for the company in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.50.

MACOM Technology Solutions Company 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.