Cinctive Capital Management LP Sells 53,557 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Cinctive Capital Management LP lowered its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 60.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,051 shares of the semiconductor company’s stock after selling 53,557 shares during the period. Cinctive Capital Management LP’s holdings in MACOM Technology Solutions were worth $4,553,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in MACOM Technology Solutions in the fourth quarter valued at about $35,000. Geode Capital Management LLC boosted its holdings in MACOM Technology Solutions by 4.8% during the third quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company’s stock valued at $113,044,000 after purchasing an additional 46,812 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of MACOM Technology Solutions by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company’s stock valued at $69,157,000 after purchasing an additional 1,719 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of MACOM Technology Solutions by 22.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 98,189 shares of the semiconductor company’s stock worth $12,756,000 after buying an additional 18,055 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after buying an additional 138 shares during the period. Institutional investors own 76.14% of the company’s stock.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 7,355 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $133.00, for a total value of $978,215.00. Following the transaction, the senior vice president now directly owns 43,657 shares of the company’s stock, valued at approximately $5,806,381. This trade represents a 14.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Ocampo sold 97,527 shares of MACOM Technology Solutions stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the sale, the director now directly owns 4,689,225 shares of the company’s stock, valued at $581,839,038. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 743,948 shares of company stock worth $92,210,640 over the last 90 days. 16.30% of the stock is owned by insiders.

MACOM Technology Solutions Trading Up 2.4 %

MTSI opened at $103.78 on Thursday. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $90.01 and a 1-year high of $152.50. The firm has a 50-day moving average price of $116.59 and a two-hundred day moving average price of $122.57. The stock has a market capitalization of $7.72 billion, a PE ratio of -72.07, a PEG ratio of 2.42 and a beta of 1.74. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates 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%. As a group, equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on MTSI shares. Benchmark reiterated a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Finally, Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Two research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $131.50.

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.