Rhumbline Advisers grew its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 23.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 45,777 shares of the semiconductor company’s stock after acquiring an additional 8,836 shares during the quarter. Rhumbline Advisers owned about 0.07% of MACOM Technology Solutions Holdings worth $2,553,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MTSI. Teachers Advisors LLC boosted its position in MACOM Technology Solutions Holdings by 1.4% during the 4th quarter. Teachers Advisors LLC now owns 38,028 shares of the semiconductor company’s stock worth $1,760,000 after acquiring an additional 530 shares during the period. Nationwide Fund Advisors boosted its position in MACOM Technology Solutions Holdings by 13.4% during the 1st quarter. Nationwide Fund Advisors now owns 115,886 shares of the semiconductor company’s stock worth $5,597,000 after acquiring an additional 13,679 shares during the period. First Mercantile Trust Co. boosted its position in MACOM Technology Solutions Holdings by 24.2% during the 1st quarter. First Mercantile Trust Co. now owns 2,372 shares of the semiconductor company’s stock worth $115,000 after acquiring an additional 462 shares during the period. Russell Investments Group Ltd. boosted its position in MACOM Technology Solutions Holdings by 2.2% during the 1st quarter. Russell Investments Group Ltd. now owns 202,629 shares of the semiconductor company’s stock worth $9,787,000 after acquiring an additional 4,280 shares during the period. Finally, Wells Fargo & Company MN boosted its position in MACOM Technology Solutions Holdings by 565.9% during the 1st quarter. Wells Fargo & Company MN now owns 318,562 shares of the semiconductor company’s stock worth $15,387,000 after acquiring an additional 270,726 shares during the period. Institutional investors own 79.85% of the company’s stock.

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In other MACOM Technology Solutions Holdings news, Director Charles R. Bland sold 1,750 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $55.75, for a total value of $97,562.50. Following the transaction, the director now directly owns 25,190 shares in the company, valued at approximately $1,404,342.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Donghyun Thomas Hwang sold 11,241 shares of the stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $64.26, for a total value of $722,346.66. Following the completion of the transaction, the senior vice president now owns 19,018 shares in the company, valued at $1,222,096.68. The disclosure for this sale can be found here. Insiders sold a total of 29,117 shares of company stock worth $1,755,579 over the last quarter. Corporate insiders own 57.10% of the company’s stock.

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ MTSI) opened at 43.63 on Tuesday. The firm’s market cap is $2.80 billion. MACOM Technology Solutions Holdings, Inc. has a one year low of $35.33 and a one year high of $65.99. The stock has a 50 day moving average price of $46.83 and a 200 day moving average price of $51.24.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last announced its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.01. The firm had revenue of $194.56 million during 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 firm’s quarterly revenue was up 36.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 earnings per share. On average, equities research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post $2.33 EPS for the current year.

MTSI has been the subject of a number of analyst reports. Jefferies Group LLC reiterated a “buy” rating and set a $66.00 price target on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, May 17th. 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. Needham & Company LLC boosted their price target 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. BidaskClub lowered MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $55.50.

MACOM Technology Solutions Holdings 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 Holdings (NASDAQ:MTSI)

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