Nationwide Fund Advisors boosted its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 15.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,559 shares of the semiconductor company’s stock after purchasing an additional 17,673 shares during the period. Nationwide Fund Advisors owned about 0.21% of MACOM Technology Solutions Holdings worth $7,449,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Granite Point Capital Management L.P. increased its holdings in MACOM Technology Solutions Holdings by 674.1% in the second quarter. Granite Point Capital Management L.P. now owns 125,400 shares of the semiconductor company’s stock valued at $6,994,000 after purchasing an additional 109,200 shares during the period. Ameriprise Financial Inc. increased its holdings in MACOM Technology Solutions Holdings by 1,136.5% in the second quarter. Ameriprise Financial Inc. now owns 2,820,161 shares of the semiconductor company’s stock valued at $157,274,000 after purchasing an additional 2,592,080 shares during the period. TIAA CREF Investment Management LLC increased its holdings in MACOM Technology Solutions Holdings by 25.6% in the second quarter. TIAA CREF Investment Management LLC now owns 112,659 shares of the semiconductor company’s stock valued at $6,283,000 after purchasing an additional 22,939 shares during the period. Teachers Advisors LLC increased its holdings in MACOM Technology Solutions Holdings by 32.6% in the second quarter. Teachers Advisors LLC now owns 76,861 shares of the semiconductor company’s stock valued at $4,287,000 after purchasing an additional 18,899 shares during the period. Finally, Raymond James Trust N.A. acquired a new stake in MACOM Technology Solutions Holdings in the second quarter valued at $222,000. Institutional investors and hedge funds own 79.64% of the company’s stock.

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Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) opened at 44.61 on Friday. MACOM Technology Solutions Holdings, Inc. has a one year low of $35.33 and a one year high of $65.99. The firm’s 50-day moving average price is $43.52 and its 200-day moving average price is $51.07. The firm’s market capitalization is $2.87 billion.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last posted its quarterly earnings results 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). The business had revenue of $194.56 million during 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 business’s revenue for the quarter was up 36.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 earnings per share. On average, equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post $2.33 earnings per share for the current year.

In other news, Director Charles R. Bland sold 1,750 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were 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 directly owns 25,190 shares of the company’s stock, valued at $1,404,342.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John Croteau sold 2,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $55.15, for a total transaction of $110,300.00. Following the transaction, the insider now directly owns 53,655 shares of the company’s stock, valued at $2,959,073.25. The disclosure for this sale can be found here. Insiders sold 29,117 shares of company stock valued at $1,755,579 over the last three months. 42.30% of the stock is currently owned by insiders.

A number of analysts recently weighed in on MTSI shares. Stifel Nicolaus increased their price objective on MACOM Technology Solutions Holdings from $60.00 to $64.00 and gave the company a “buy” rating in a report on Tuesday, June 6th. Needham & Company LLC increased their price objective on MACOM Technology Solutions Holdings from $60.00 to $65.00 and gave the company a “buy” rating in a report on Monday, June 26th. BidaskClub downgraded MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Barclays PLC restated an “overweight” rating and issued a $70.00 price objective (up from $60.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, July 12th. Finally, Jefferies Group LLC restated 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 investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. MACOM Technology Solutions Holdings currently has an average rating of “Hold” and an average target price of $58.40.

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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