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

Alberta Investment Management Corp decreased its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 12.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,160 shares of the semiconductor company’s stock after selling 5,100 shares during the period. Alberta Investment Management Corp’s holdings in MACOM Technology Solutions were worth $4,568,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of MTSI. UMB Bank n.a. boosted its holdings in shares of MACOM Technology Solutions by 74.3% during the fourth 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. Empowered Funds LLC acquired a new stake in shares of MACOM Technology Solutions during the fourth quarter worth $33,000. ORG Wealth Partners LLC acquired a new stake in shares of MACOM Technology Solutions during the fourth quarter worth $36,000. Blue Trust Inc. boosted its holdings in shares of MACOM Technology Solutions by 122.2% during the fourth quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 264 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of MACOM Technology Solutions during the third quarter worth $57,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Trading Down 0.7 %

Shares of MTSI opened at $123.63 on Thursday. The stock’s 50-day moving average is $133.47 and its two-hundred day moving average is $121.25. The stock has a market cap of $9.19 billion, a PE 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. 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 (NASDAQ:MTSI) last announced its earnings results 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%. Equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Transactions at MACOM Technology Solutions

In related news, CFO John Kober sold 2,250 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $130.09, for a total value of $292,702.50. Following the completion of the sale, the chief financial officer now directly owns 49,239 shares of the company’s stock, valued at $6,405,501.51. The trade was a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Ocampo sold 40,192 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $133.40, for a total value of $5,361,612.80. Following the completion of the sale, the director now directly owns 6,513,193 shares of the company’s stock, valued at approximately $868,859,946.20. This represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 402,665 shares of company stock valued at $50,415,191. 16.30% of the stock is currently owned by insiders.

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.