Alberta Investment Management Corp Reduces Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Alberta Investment Management Corp lowered its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 12.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 35,160 shares of the semiconductor company’s stock after selling 5,100 shares during the quarter. Alberta Investment Management Corp’s holdings in MACOM Technology Solutions were worth $4,568,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Citigroup Inc. increased its holdings in shares of MACOM Technology Solutions by 46.2% in the 3rd quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company’s stock valued at $7,672,000 after acquiring an additional 21,786 shares during the last quarter. Westfield Capital Management Co. LP boosted its position in shares of MACOM Technology Solutions by 21.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock valued at $134,686,000 after purchasing an additional 210,151 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of MACOM Technology Solutions by 18.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock valued at $82,945,000 after purchasing an additional 116,090 shares during the period. Algert Global LLC boosted its position in shares of MACOM Technology Solutions by 103.6% in the 3rd quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company’s stock valued at $1,315,000 after purchasing an additional 6,015 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of MACOM Technology Solutions in the 3rd quarter valued at about $11,005,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Insider Activity

In related news, Director Susan Ocampo sold 12,438 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $136.73, for a total value of $1,700,647.74. Following the completion of the transaction, the director now directly owns 6,500,755 shares of the company’s stock, valued at $888,848,231.15. This trade represents a 0.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Ambra R. Roth sold 1,366 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $139.07, for a total value of $189,969.62. Following the completion of the transaction, the senior vice president now directly owns 6,564 shares of the company’s stock, valued at $912,855.48. The trade was a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 402,665 shares of company stock valued at $50,415,191 in the last three months. 16.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MTSI has been the subject of a number of research analyst reports. Piper Sandler upped their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Benchmark reissued a “buy” rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Northland Capmk raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Finally, Barclays increased their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $131.50.

MACOM Technology Solutions Stock Down 0.7 %

MTSI opened at $123.63 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. The business has a 50 day simple moving average of $133.47 and a 200-day simple moving average of $121.25. The stock has a market capitalization of $9.19 billion, a P/E ratio of -85.85, a P/E/G ratio of 2.41 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $82.36 and a 12 month high of $152.50.

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

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.