Pinnacle Associates Ltd. cut its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 4.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 326,290 shares of the semiconductor company’s stock after selling 16,125 shares during the period. Pinnacle Associates Ltd. owned about 0.51% of MACOM Technology Solutions Holdings worth $18,197,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Strs Ohio purchased a new position in shares of MACOM Technology Solutions Holdings during the second quarter valued at approximately $105,000. First Mercantile Trust Co. increased 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 valued at $115,000 after buying an additional 462 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of MACOM Technology Solutions Holdings during the first quarter valued at approximately $116,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of MACOM Technology Solutions Holdings by 10.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock valued at $121,000 after buying an additional 199 shares during the last quarter. Finally, Fifth Third Bancorp increased 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 valued at $125,000 after buying an additional 189 shares during the last quarter. 79.85% of the stock is currently owned by institutional investors.

Shares of MACOM Technology Solutions Holdings, Inc. (MTSI) opened at 45.70 on Friday. The company’s market cap is $2.94 billion. The company has a 50-day moving average of $49.60 and a 200 day moving average of $51.30. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $35.33 and a 12-month high of $65.99.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last released its earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $194.93 million. During the same quarter in the previous year, the business earned $0.51 EPS. The business’s revenue for the quarter was up 36.7% on a year-over-year basis. On average, equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post $2.33 EPS for the current year.

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MTSI has been the topic of several analyst reports. Needham & Company LLC lifted their target price on shares of MACOM Technology Solutions Holdings from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, June 26th. Stifel Nicolaus lifted their price target on shares of MACOM Technology Solutions Holdings from $60.00 to $64.00 and gave the company a “buy” rating in a report on Tuesday, June 6th. Jefferies Group LLC reiterated a “buy” rating and issued a $66.00 price target on shares of MACOM Technology Solutions Holdings in a report on Wednesday, May 17th. BidaskClub upgraded shares of MACOM Technology Solutions Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $63.00 price target (down previously from $70.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $55.50.

In other MACOM Technology Solutions Holdings news, SVP Donghyun Thomas Hwang sold 4,225 shares of the stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $59.95, for a total value of $253,288.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Geoffrey G. Ribar bought 5,000 shares of MACOM Technology Solutions Holdings stock in a transaction on Monday, August 28th. The stock was acquired at an average price of $43.37 per share, for a total transaction of $216,850.00. Following the purchase, the director now owns 11,063 shares of the company’s stock, valued at $479,802.31. The disclosure for this purchase can be found here. In the last quarter, insiders sold 27,617 shares of company stock worth $1,700,779. Insiders own 42.30% of the company’s stock.

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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