Principal Financial Group Inc. Has $17.24 Million Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Principal Financial Group Inc. lessened its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 132,729 shares of the semiconductor company’s stock after selling 810 shares during the quarter. Principal Financial Group Inc.’s holdings in MACOM Technology Solutions were worth $17,243,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTSI. UMB Bank n.a. raised its stake in shares of MACOM Technology Solutions by 74.3% in the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 101 shares during the period. Empowered Funds LLC bought a new stake in MACOM Technology Solutions in the 4th quarter valued at approximately $33,000. ORG Wealth Partners LLC acquired a new position in MACOM Technology Solutions during the 4th quarter worth approximately $36,000. Quarry LP acquired a new position in MACOM Technology Solutions during the 3rd quarter worth approximately $57,000. Finally, Blue Trust Inc. grew its stake 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 in the last quarter. 76.14% of the stock is currently owned by institutional investors.

MACOM Technology Solutions Trading Down 2.5 %

Shares of MACOM Technology Solutions stock opened at $116.31 on Wednesday. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.21 and a 1 year high of $152.50. The company has a market capitalization of $8.65 billion, a price-to-earnings ratio of -80.77, a P/E/G ratio of 2.42 and a beta of 1.71. The business has a fifty day simple moving average of $131.99 and a two-hundred day simple moving average of $122.02. 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 quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS 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%. Research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on MTSI shares. Barclays increased their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Benchmark reaffirmed 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 upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $105.00 to $140.00 in a report on Monday, February 10th. Two 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 company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.50.

Insider Buying and Selling

In other news, Director Susan Ocampo sold 45,773 shares of MACOM Technology Solutions stock in a transaction on Monday, February 10th. The stock was sold at an average price of $125.35, for a total transaction of $5,737,645.55. Following the completion of the sale, the director now owns 5,509,746 shares of the company’s stock, valued at approximately $690,646,661.10. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John Kober sold 2,250 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total transaction of $292,702.50. Following the completion of the transaction, the chief financial officer now owns 49,239 shares in the company, valued at $6,405,501.51. This trade represents a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 747,562 shares of company stock valued at $92,693,081. Insiders own 16.30% of the company’s stock.

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.