California Public Employees Retirement System bought a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 22,478 shares of the semiconductor company’s stock, valued at approximately $1,086,000.

Several other hedge funds also recently added to or reduced their stakes in MTSI. Guggenheim Capital LLC increased its stake in shares of MACOM Technology Solutions Holdings by 23.2% in the fourth quarter. Guggenheim Capital LLC now owns 14,865 shares of the semiconductor company’s stock valued at $688,000 after buying an additional 2,801 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of MACOM Technology Solutions Holdings by 2.6% in the fourth quarter. AQR Capital Management LLC now owns 17,601 shares of the semiconductor company’s stock valued at $815,000 after buying an additional 450 shares in the last quarter. Norges Bank acquired a new stake in shares of MACOM Technology Solutions Holdings during the fourth quarter valued at $1,413,000. Teachers Advisors LLC increased its stake in shares of MACOM Technology Solutions Holdings by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 38,028 shares of the semiconductor company’s stock valued at $1,760,000 after buying an additional 530 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of MACOM Technology Solutions Holdings by 7.5% in the fourth quarter. Macquarie Group Ltd. now owns 360,838 shares of the semiconductor company’s stock valued at $16,700,000 after buying an additional 25,135 shares in the last quarter. Hedge funds and other institutional investors own 72.99% of the company’s stock.

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) traded down 0.51% during trading on Friday, reaching $40.76. The company’s stock had a trading volume of 742,781 shares. The stock has a 50-day moving average price of $55.85 and a 200 day moving average price of $51.80. The company’s market cap is $2.62 billion. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $35.33 and a 52-week high of $65.99.

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

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Several analysts recently weighed in on the company. Jefferies Group LLC restated a “buy” rating and set a $66.00 price objective on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, May 17th. BidaskClub upgraded MACOM Technology Solutions Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Needham & Company LLC upped their price objective on MACOM Technology Solutions Holdings from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, June 26th. Barclays PLC restated an “overweight” rating and set a $63.00 price objective (down from $70.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded MACOM Technology Solutions Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. MACOM Technology Solutions Holdings presently has an average rating of “Hold” and a consensus price target of $55.50.

In other MACOM Technology Solutions Holdings news, SVP Donghyun Thomas Hwang sold 11,241 shares of MACOM Technology Solutions Holdings stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $64.26, for a total transaction of $722,346.66. Following the completion of the sale, the senior vice president now owns 19,018 shares of the company’s stock, valued at $1,222,096.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Preetinder S. Virk sold 14,980 shares of MACOM Technology Solutions Holdings stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $54.19, for a total value of $811,766.20. Following the sale, the senior vice president now directly owns 30,443 shares of the company’s stock, valued at approximately $1,649,706.17. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 495,205 shares of company stock valued at $28,724,537. 42.30% of the stock is owned by company insiders.

About MACOM Technology Solutions Holdings

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 Holdings (NASDAQ:MTSI)

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