Stephens Investment Management Group LLC decreased its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 264,311 shares of the semiconductor company’s stock after selling 2,022 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.41% of MACOM Technology Solutions Holdings worth $14,741,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC raised its stake in MACOM Technology Solutions Holdings by 5.0% during the first quarter. Lazard Asset Management LLC now owns 707,675 shares of the semiconductor company’s stock valued at $34,180,000 after buying an additional 33,460 shares in the last quarter. Russell Investments Group Ltd. raised its stake in MACOM Technology Solutions Holdings by 2.2% during the first quarter. Russell Investments Group Ltd. now owns 202,629 shares of the semiconductor company’s stock valued at $9,787,000 after buying an additional 4,280 shares in the last quarter. Sei Investments Co. raised its stake in MACOM Technology Solutions Holdings by 4.5% during the first quarter. Sei Investments Co. now owns 11,001 shares of the semiconductor company’s stock valued at $531,000 after buying an additional 470 shares in the last quarter. Royce & Associates LP raised its stake in MACOM Technology Solutions Holdings by 20.3% during the second quarter. Royce & Associates LP now owns 103,500 shares of the semiconductor company’s stock valued at $5,772,000 after buying an additional 17,500 shares in the last quarter. Finally, AXA raised its stake in MACOM Technology Solutions Holdings by 28.6% during the first quarter. AXA now owns 54,000 shares of the semiconductor company’s stock valued at $2,608,000 after buying an additional 12,000 shares in the last quarter. Institutional investors and hedge funds own 79.85% of the company’s stock.

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In other MACOM Technology Solutions Holdings news, SVP Donghyun Thomas Hwang sold 11,241 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $64.26, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John Croteau sold 2,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $55.15, for a total transaction of $110,300.00. Following the transaction, the insider now owns 53,655 shares of the company’s stock, valued at approximately $2,959,073.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,117 shares of company stock valued at $1,755,579. Corporate insiders own 57.10% of the company’s stock.

Several brokerages have issued reports on MTSI. Barclays PLC restated an “overweight” rating and set a $63.00 price objective (down previously from $70.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Needham & Company LLC restated a “buy” rating and set a $56.00 price objective (down previously from $65.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Jefferies Group LLC restated a “buy” rating and set a $61.00 price objective (down previously from $66.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Stifel Nicolaus cut their price objective on MACOM Technology Solutions Holdings from $64.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, August 2nd. Finally, BidaskClub upgraded MACOM Technology Solutions Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $55.50.

Shares of MACOM Technology Solutions Holdings, Inc. (MTSI) traded down 0.84% during mid-day trading on Wednesday, hitting $43.57. The stock had a trading volume of 34,951 shares. The stock’s market cap is $2.80 billion. The firm has a 50 day moving average of $46.74 and a 200 day moving average of $51.19. MACOM Technology Solutions Holdings, Inc. has a one year low of $35.33 and a one year high of $65.99.

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

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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