GW&K Investment Management LLC Has $150.73 Million Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

GW&K Investment Management LLC decreased its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,160,268 shares of the semiconductor company’s stock after selling 8,844 shares during the period. MACOM Technology Solutions makes up about 1.3% of GW&K Investment Management LLC’s investment portfolio, making the stock its 2nd largest holding. GW&K Investment Management LLC’s holdings in MACOM Technology Solutions were worth $150,731,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in shares of MACOM Technology Solutions by 74.3% in 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 in the last quarter. Empowered Funds LLC acquired a new stake in MACOM Technology Solutions in the fourth quarter valued at $33,000. ORG Wealth Partners LLC acquired a new position in shares of MACOM Technology Solutions during the 4th quarter worth about $36,000. Quarry LP bought a new position in shares of MACOM Technology Solutions during the 3rd quarter worth approximately $57,000. Finally, Blue Trust Inc. increased its holdings in shares of MACOM Technology Solutions by 122.2% during the 4th quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 264 shares during the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Barclays raised their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, Benchmark restated a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Two investment 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.50.

Insider Buying and Selling at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 97,527 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $124.08, for a total value of $12,101,150.16. Following the completion of the sale, the director now directly owns 4,689,225 shares in the company, valued at approximately $581,839,038. The trade was a 2.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO John Kober sold 2,250 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $130.09, for a total transaction 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. This represents a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 747,562 shares of company stock worth $92,693,081 in the last quarter. 16.30% of the stock is currently owned by company insiders.

MACOM Technology Solutions Price Performance

Shares of MTSI opened at $112.75 on Friday. The stock has a market cap of $8.38 billion, a P/E ratio of -78.30, a P/E/G ratio of 2.42 and a beta of 1.71. The business’s fifty day moving average is $131.23 and its 200 day moving average is $121.93. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $84.21 and a 12-month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its 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%. Sell-side analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

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.