MACOM Technology Solutions Holdings, Inc. (MTSI) Stake Increased by Teachers Advisors LLC

Teachers Advisors LLC lifted its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 32.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,861 shares of the semiconductor company’s stock after buying an additional 18,899 shares during the quarter. Teachers Advisors LLC owned approximately 0.12% of MACOM Technology Solutions Holdings worth $4,287,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Strs Ohio acquired a new stake in shares of MACOM Technology Solutions Holdings during the second quarter worth approximately $105,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of MACOM Technology Solutions Holdings during the first quarter worth approximately $116,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of MACOM Technology Solutions Holdings by 10.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock worth $121,000 after buying an additional 199 shares in the last quarter. Fifth Third Bancorp grew its position in shares of MACOM Technology Solutions Holdings by 7.9% during the first quarter. Fifth Third Bancorp now owns 2,590 shares of the semiconductor company’s stock worth $125,000 after buying an additional 189 shares in the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of MACOM Technology Solutions Holdings during the first quarter worth approximately $130,000. 79.65% of the stock is owned by institutional investors and hedge funds.

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In other news, SVP Donghyun Thomas Hwang sold 11,241 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $64.26, for a total transaction of $722,346.66. Following the sale, the senior vice president now directly owns 19,018 shares in the company, valued at $1,222,096.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John Croteau sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $60.76, for a total value of $121,520.00. Following the sale, the insider now owns 51,200 shares in the company, valued at $3,110,912. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,892 shares of company stock worth $1,418,593. 42.30% of the stock is currently owned by company insiders.

A number of analysts have recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $56.00 price target (down previously from $65.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, August 2nd. Jefferies Group LLC reissued a “buy” rating and set a $61.00 price target (down previously from $66.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, August 2nd. Stifel Nicolaus decreased their price target on shares of MACOM Technology Solutions Holdings from $64.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, August 2nd. Barclays PLC reissued an “overweight” rating and set a $63.00 price target (down previously from $70.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, August 2nd. Finally, BidaskClub raised shares of MACOM Technology Solutions Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. MACOM Technology Solutions Holdings presently has an average rating of “Buy” and an average price target of $58.20.

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) opened at 43.26 on Friday. The company’s 50-day moving average price is $43.66 and its 200 day moving average price is $50.69. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $35.33 and a 52 week high of $65.99. The company’s market capitalization is $2.78 billion.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last released its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). The firm had revenue of $194.56 million for the quarter, compared to the consensus estimate of $194.93 million. MACOM Technology Solutions Holdings had a negative net margin of 22.43% and a positive return on equity of 17.21%. The business’s revenue for the quarter was up 36.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. On average, equities research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post $2.33 EPS for the current year.

MACOM Technology Solutions Holdings Company Profile

MACOM Technology Solutions Holdings, Inc is a provider of high-performance analog semiconductor solutions that enable Internet applications, the cloud-connected applications economy, and the networked battlefield across the radio frequency (RF), microwave, millimeterwave and photonic spectrum. It has multiple design centers, silicon, gallium arsenide and indium phosphide fabrication, manufacturing, assembly and test, and operational facilities throughout North America, Europe, Asia and Australia.

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

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