Morgan Stanley decreased its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 36.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,635 shares of the semiconductor company’s stock after selling 25,932 shares during the period. Morgan Stanley owned about 0.07% of MACOM Technology Solutions Holdings worth $2,157,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTSI. First Mercantile Trust Co. raised its position in shares of MACOM Technology Solutions Holdings by 24.2% in the first quarter. First Mercantile Trust Co. now owns 2,372 shares of the semiconductor company’s stock worth $115,000 after buying an additional 462 shares during the period. Fifth Third Bancorp raised its position in shares of MACOM Technology Solutions Holdings by 7.9% in 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 during the period. Ameritas Investment Partners Inc. acquired a new position in shares of MACOM Technology Solutions Holdings during the first quarter worth about $130,000. Turner Investments LLC raised its position in shares of MACOM Technology Solutions Holdings by 14.3% in the first quarter. Turner Investments LLC now owns 4,000 shares of the semiconductor company’s stock worth $193,000 after buying an additional 500 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in shares of MACOM Technology Solutions Holdings during the first quarter worth about $215,000. Institutional investors own 75.06% of the company’s stock.

MACOM Technology Solutions Holdings, Inc. (NASDAQ MTSI) traded up 1.05% during mid-day trading on Friday, hitting $44.07. The stock had a trading volume of 1,737,526 shares. The firm’s market cap is $2.83 billion. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $35.33 and a 1-year high of $65.99. The stock has a 50 day moving average of $51.58 and a 200-day moving average of $51.35.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last issued its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share for the quarter, missing the 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 during the quarter, compared to the consensus estimate of $194.93 million. During the same period in the prior year, the firm earned $0.51 EPS. The business’s revenue for the quarter was up 36.7% compared to the same quarter last year. Analysts predict that MACOM Technology Solutions Holdings, Inc. will post $2.33 EPS for the current fiscal year.

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A number of brokerages have issued reports on MTSI. Barclays PLC reiterated an “overweight” rating and set a $70.00 price target (up previously from $60.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, July 12th. Zacks Investment Research lowered MACOM Technology Solutions Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Stifel Nicolaus boosted their price target on MACOM Technology Solutions Holdings from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Tuesday, June 6th. BidaskClub lowered MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Jefferies Group LLC reiterated 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. 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. The company currently has an average rating of “Hold” and a consensus price target of $55.50.

In related news, SVP Preetinder S. Virk sold 533 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $60.79, for a total value of $32,401.07. Following the sale, the senior vice president now owns 17,696 shares of the company’s stock, valued at $1,075,739.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Charles R. Bland sold 750 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $60.73, for a total transaction of $45,547.50. Following the completion of the sale, the director now directly owns 24,390 shares in the company, valued at approximately $1,481,204.70. The disclosure for this sale can be found here. In the last three months, insiders sold 87,900 shares of company stock worth $5,380,320. 42.30% of the stock is currently owned by 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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