Macquarie Group Ltd. Has $23.07 Million Position in MACOM Technology Solutions Holdings Inc (MTSI)

Macquarie Group Ltd. raised its stake in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 708,987 shares of the semiconductor company’s stock after buying an additional 45,115 shares during the period. Macquarie Group Ltd.’s holdings in MACOM Technology Solutions were worth $23,072,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. boosted its position in MACOM Technology Solutions by 10.1% in the fourth quarter. BlackRock Inc. now owns 2,761,390 shares of the semiconductor company’s stock valued at $89,855,000 after buying an additional 254,288 shares in the last quarter. Bamco Inc. NY boosted its position in MACOM Technology Solutions by 58.2% in the fourth quarter. Bamco Inc. NY now owns 1,487,000 shares of the semiconductor company’s stock valued at $48,387,000 after buying an additional 546,879 shares in the last quarter. Brown Advisory Inc. boosted its position in MACOM Technology Solutions by 8.3% in the third quarter. Brown Advisory Inc. now owns 1,222,631 shares of the semiconductor company’s stock valued at $54,542,000 after buying an additional 93,217 shares in the last quarter. Franklin Resources Inc. boosted its position in MACOM Technology Solutions by 119.3% in the fourth quarter. Franklin Resources Inc. now owns 1,121,769 shares of the semiconductor company’s stock valued at $36,502,000 after buying an additional 610,361 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its position in MACOM Technology Solutions by 46.9% in the third quarter. Allianz Asset Management GmbH now owns 1,038,371 shares of the semiconductor company’s stock valued at $46,322,000 after buying an additional 331,665 shares in the last quarter. Hedge funds and other institutional investors own 90.36% of the company’s stock.

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In related news, insider John Croteau sold 2,000 shares of MACOM Technology Solutions stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $35.05, for a total transaction of $70,100.00. Following the completion of the transaction, the insider now owns 147,219 shares of the company’s stock, valued at $5,160,025.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Donghyun Thomas Hwang bought 2,500 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were purchased at an average cost of $21.70 per share, with a total value of $54,250.00. Following the purchase, the senior vice president now directly owns 35,501 shares of the company’s stock, valued at $770,371.70. The disclosure for this purchase can be found here. Insiders have sold 2,750 shares of company stock valued at $91,765 in the last ninety days. Insiders own 32.20% of the company’s stock.

A number of analysts have weighed in on MTSI shares. Bank of America cut their target price on shares of MACOM Technology Solutions from $30.00 to $25.00 and set an “underperform” rating on the stock in a research report on Wednesday, February 7th. BidaskClub lowered shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, January 20th. ValuEngine upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Monday, December 11th. DA Davidson upgraded shares of MACOM Technology Solutions from a “neutral” rating to a “buy” rating and raised their target price for the company from $32.00 to $43.00 in a research report on Friday, January 5th. Finally, Needham & Company LLC cut their target price on shares of MACOM Technology Solutions from $42.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. MACOM Technology Solutions has an average rating of “Hold” and a consensus target price of $36.77.

MTSI stock opened at $17.72 on Friday. The stock has a market cap of $1,196.66, a price-to-earnings ratio of -5.03 and a beta of 1.43. MACOM Technology Solutions Holdings Inc has a 52 week low of $17.72 and a 52 week high of $65.99. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.00 and a current ratio of 5.70.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.03). The business had revenue of $130.93 million for the quarter, compared to the consensus estimate of $132.91 million. MACOM Technology Solutions had a negative net margin of 28.19% and a positive return on equity of 10.35%. MACOM Technology Solutions’s revenue was down 13.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 EPS. sell-side analysts forecast that MACOM Technology Solutions Holdings Inc will post -0.06 EPS for the current fiscal year.

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MACOM Technology Solutions 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.

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

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