Comerica Bank trimmed its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 55.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,218 shares of the semiconductor company’s stock after selling 19,828 shares during the quarter. Comerica Bank’s holdings in MACOM Technology Solutions Holdings were worth $1,033,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of MTSI. Teachers Advisors LLC grew its position in MACOM Technology Solutions Holdings by 1.4% during the fourth quarter. Teachers Advisors LLC now owns 38,028 shares of the semiconductor company’s stock worth $1,760,000 after buying an additional 530 shares in the last quarter. Wells Fargo & Company MN grew its position in MACOM Technology Solutions Holdings by 565.9% during the first quarter. Wells Fargo & Company MN now owns 318,562 shares of the semiconductor company’s stock worth $15,387,000 after buying an additional 270,726 shares in the last quarter. Great West Life Assurance Co. Can grew its position in MACOM Technology Solutions Holdings by 96.4% during the first quarter. Great West Life Assurance Co. Can now owns 4,713 shares of the semiconductor company’s stock worth $227,000 after buying an additional 2,313 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in MACOM Technology Solutions Holdings by 111.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 14,486 shares of the semiconductor company’s stock worth $700,000 after buying an additional 7,641 shares in the last quarter. Finally, First Trust Advisors LP grew its position in MACOM Technology Solutions Holdings by 18.6% during the first quarter. First Trust Advisors LP now owns 24,443 shares of the semiconductor company’s stock worth $1,181,000 after buying an additional 3,832 shares in the last quarter. Institutional investors and hedge funds own 79.64% of the company’s stock.

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MACOM Technology Solutions Holdings, Inc. (NASDAQ MTSI) opened at 44.00 on Tuesday. The stock’s market capitalization is $2.83 billion. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $35.33 and a 12-month high of $65.99. The stock has a 50 day moving average price of $44.01 and a 200-day moving average price of $51.09.

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 Zacks’ consensus estimate of $0.68 by ($0.01). The firm had revenue of $194.56 million for the quarter, compared to analysts’ expectations 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 company’s revenue for the quarter was up 36.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. On average, equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post $2.33 earnings per share for the current fiscal year.

In other news, Director Charles R. Bland sold 1,750 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $55.75, for a total transaction of $97,562.50. Following the completion of the transaction, the director now owns 25,190 shares in the company, valued at $1,404,342.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $722,346.66. Following the transaction, the senior vice president now owns 19,018 shares of the company’s stock, valued at approximately $1,222,096.68. 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. Company insiders own 57.10% of the company’s stock.

Several equities analysts recently commented on the company. Raymond James Financial, Inc. restated a “market perform” rating on shares of MACOM Technology Solutions Holdings in a research report on Thursday, September 14th. Needham & Company LLC restated a “buy” rating and set a $56.00 target price on shares of MACOM Technology Solutions Holdings in a research report on Tuesday, September 5th. Zacks Investment Research cut MACOM Technology Solutions Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Barclays PLC reiterated an “overweight” rating and issued a $63.00 price objective (down from $70.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $61.00 price objective (down from $66.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $55.50.

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.

Institutional Ownership by Quarter for MACOM Technology Solutions Holdings (NASDAQ:MTSI)

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