MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Position Cut by American Trust

American Trust trimmed its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 12.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,092 shares of the semiconductor company’s stock after selling 297 shares during the period. American Trust’s holdings in MACOM Technology Solutions were worth $200,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Riverview Trust Co acquired a new position in MACOM Technology Solutions during the first quarter worth about $47,000. Harvest Fund Management Co. Ltd acquired a new position in MACOM Technology Solutions during the fourth quarter worth about $69,000. Fidelis Capital Partners LLC acquired a new position in MACOM Technology Solutions during the first quarter worth about $77,000. Hennessy Advisors Inc. acquired a new position in MACOM Technology Solutions during the fourth quarter worth about $129,000. Finally, International Assets Investment Management LLC acquired a new position in MACOM Technology Solutions during the fourth quarter worth about $156,000. 76.14% of the stock is owned by institutional investors and hedge funds.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock traded down $2.52 during trading hours on Friday, reaching $97.13. 948,815 shares of the company’s stock were exchanged, compared to its average volume of 709,936. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $67.17 and a fifty-two week high of $118.76. The stock has a market capitalization of $7.00 billion, a P/E ratio of 110.38, a P/E/G ratio of 5.09 and a beta of 1.69. The business has a fifty day moving average price of $106.06 and a 200-day moving average price of $98.25. The company has a quick ratio of 5.70, a current ratio of 8.18 and a debt-to-equity ratio of 0.45.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, May 2nd. The semiconductor company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). The firm had revenue of $181.23 million during the quarter, compared to analyst estimates of $180.97 million. MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. Analysts predict that MACOM Technology Solutions Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday. Stifel Nicolaus increased 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. Needham & Company LLC increased their price target on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday. Barclays increased their price target on MACOM Technology Solutions from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Evercore ISI began coverage on MACOM Technology Solutions in a research report on Tuesday, April 16th. They set an “outperform” rating and a $120.00 price objective for the company. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.55.

Insider Activity at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 7,326 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $102.01, for a total value of $747,325.26. Following the completion of the transaction, the director now directly owns 7,894,952 shares in the company, valued at $805,364,053.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other MACOM Technology Solutions news, Director Susan Ocampo sold 7,326 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $102.01, for a total value of $747,325.26. Following the sale, the director now directly owns 7,894,952 shares in the company, valued at $805,364,053.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 5,000 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $106.25, for a total value of $531,250.00. Following the completion of the sale, the senior vice president now owns 41,523 shares in the company, valued at $4,411,818.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 538,427 shares of company stock worth $55,391,868. 22.75% of the stock is owned by corporate insiders.

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.