Prudential PLC trimmed its position in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) by 8.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 431,300 shares of the semiconductor company’s stock after selling 39,000 shares during the period. Prudential PLC’s holdings in MACOM Technology Solutions were worth $6,258,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in MACOM Technology Solutions by 37.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,769 shares of the semiconductor company’s stock valued at $55,000 after buying an additional 1,032 shares during the period. Fox Run Management L.L.C. bought a new stake in MACOM Technology Solutions in the 4th quarter valued at $199,000. MML Investors Services LLC increased its holdings in MACOM Technology Solutions by 55.2% in the 3rd quarter. MML Investors Services LLC now owns 15,664 shares of the semiconductor company’s stock valued at $323,000 after buying an additional 5,571 shares during the period. Essex Investment Management Co. LLC bought a new stake in MACOM Technology Solutions in the 4th quarter valued at $338,000. Finally, PNC Financial Services Group Inc. increased its holdings in MACOM Technology Solutions by 277.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 16,443 shares of the semiconductor company’s stock valued at $339,000 after buying an additional 12,084 shares during the period. Institutional investors and hedge funds own 76.21% of the company’s stock.

Several brokerages have issued reports on MTSI. Zacks Investment Research lowered shares of MACOM Technology Solutions from a “hold” rating to a “sell” rating in a report on Monday, February 11th. Evercore ISI lowered their target price on shares of MACOM Technology Solutions from $24.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, January 14th. BidaskClub lowered shares of MACOM Technology Solutions from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. ValuEngine lowered shares of MACOM Technology Solutions from a “hold” rating to a “sell” rating in a report on Thursday, February 7th. Finally, Needham & Company LLC lowered their target price on shares of MACOM Technology Solutions from $27.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, February 6th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. MACOM Technology Solutions currently has an average rating of “Hold” and an average target price of $20.09.

MTSI opened at $18.56 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.63 and a current ratio of 4.93. MACOM Technology Solutions Holdings Inc has a twelve month low of $13.07 and a twelve month high of $25.92. The stock has a market capitalization of $1.20 billion, a PE ratio of 132.57, a PEG ratio of 10.98 and a beta of 2.37.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results on Tuesday, February 5th. The semiconductor company reported $0.20 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. MACOM Technology Solutions had a negative net margin of 23.86% and a positive return on equity of 1.78%. The business had revenue of $150.69 million for the quarter, compared to analyst estimates of $153.14 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. Analysts expect that MACOM Technology Solutions Holdings Inc will post 0.09 earnings per share for the current year.

In related news, insider John Croteau sold 4,000 shares of the company’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $17.08, for a total transaction of $68,320.00. Following the transaction, the insider now owns 136,777 shares in the company, valued at approximately $2,336,151.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Vivek Rajgarhia sold 3,949 shares of the company’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $17.95, for a total transaction of $70,884.55. Following the transaction, the senior vice president now owns 91,217 shares in the company, valued at approximately $1,637,345.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,710 shares of company stock worth $153,816. 32.40% of the stock is owned by insiders.

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MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and lightwave spectrum products in the United States, China, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, including integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and subsystems for approximately 60 product lines.

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Institutional Ownership by Quarter for MACOM Technology Solutions (NASDAQ:MTSI)

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