American International Group Inc. Has $9.27 Million Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

American International Group Inc. decreased its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,700 shares of the semiconductor company’s stock after selling 3,010 shares during the quarter. American International Group Inc.’s holdings in MACOM Technology Solutions were worth $9,267,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harvest Fund Management Co. Ltd bought a new position in MACOM Technology Solutions during the 4th quarter worth approximately $69,000. RiverPark Advisors LLC boosted its stake in MACOM Technology Solutions by 29.1% during the 4th quarter. RiverPark Advisors LLC now owns 923 shares of the semiconductor company’s stock worth $86,000 after acquiring an additional 208 shares during the last quarter. International Assets Investment Management LLC bought a new position in MACOM Technology Solutions during the 4th quarter worth approximately $156,000. Coldstream Capital Management Inc. bought a new position in MACOM Technology Solutions during the 4th quarter worth approximately $210,000. Finally, Capstone Investment Advisors LLC bought a new position in MACOM Technology Solutions during the 4th quarter worth approximately $212,000. Institutional investors own 76.14% of the company’s stock.

Analyst Ratings Changes

MTSI has been the topic of several recent analyst reports. Stifel Nicolaus lifted their price objective on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Barclays lifted their price target on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Needham & Company LLC lifted their price target on shares of MACOM Technology Solutions from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Benchmark lifted their price target on shares of MACOM Technology Solutions from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, Craig Hallum lifted their price target on shares of MACOM Technology Solutions from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, MACOM Technology Solutions has a consensus rating of “Moderate Buy” and an average price target of $111.00.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 7,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $102.65, for a total value of $718,550.00. Following the transaction, the senior vice president now directly owns 41,325 shares in the company, valued at $4,242,011.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 7,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $102.65, for a total value of $718,550.00. Following the transaction, the senior vice president now directly owns 41,325 shares in the company, valued at $4,242,011.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan Ocampo sold 75,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $103.02, for a total transaction of $7,726,500.00. Following the completion of the transaction, the director now owns 7,912,681 shares in the company, valued at $815,164,396.62. The disclosure for this sale can be found here. Insiders have sold a total of 533,427 shares of company stock worth $54,860,618 over the last ninety days. Insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Price Performance

NASDAQ MTSI opened at $107.18 on Wednesday. The company has a market capitalization of $7.73 billion, a PE ratio of 121.80, a price-to-earnings-growth ratio of 5.32 and a beta of 1.67. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $58.78 and a 12-month high of $107.50. The firm’s 50 day moving average is $101.43 and its 200-day moving average is $93.94. The company has a quick ratio of 5.70, a current ratio of 7.34 and a debt-to-equity ratio of 0.47.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, May 2nd. The semiconductor company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). The firm had revenue of $181.23 million for the quarter, compared to analyst estimates of $180.97 million. MACOM Technology Solutions had a return on equity of 12.67% and a net margin of 10.01%. Equities research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 1.93 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.