Teachers Retirement System of The State of Kentucky grew its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,938 shares of the semiconductor company’s stock after acquiring an additional 819 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in MACOM Technology Solutions Holdings were worth $1,502,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MTSI. Great West Life Assurance Co. Can raised its stake in shares of 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 valued at $227,000 after acquiring an additional 2,313 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of 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 valued at $700,000 after acquiring an additional 7,641 shares during the last quarter. First Trust Advisors LP raised its stake in shares of 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 valued at $1,181,000 after acquiring an additional 3,832 shares during the last quarter. US Bancorp DE raised its stake in shares of MACOM Technology Solutions Holdings by 6.6% during the first quarter. US Bancorp DE now owns 6,479 shares of the semiconductor company’s stock valued at $312,000 after acquiring an additional 402 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of MACOM Technology Solutions Holdings by 19.3% during the first quarter. Bank of New York Mellon Corp now owns 214,505 shares of the semiconductor company’s stock valued at $10,360,000 after acquiring an additional 34,635 shares during the last quarter. 79.65% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the stock. Barclays PLC reaffirmed an “overweight” rating and set a $70.00 price objective (up from $60.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, July 12th. Craig Hallum reaffirmed a “buy” rating and set a $54.00 price objective on shares of MACOM Technology Solutions Holdings in a research note on Tuesday. Zacks Investment Research downgraded shares of MACOM Technology Solutions Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $64.00 price objective on shares of MACOM Technology Solutions Holdings in a research note on Friday, July 14th. Finally, BidaskClub downgraded shares of MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $58.20.

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) opened at 42.74 on Friday. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $35.33 and a 1-year high of $65.99. The company’s market capitalization is $2.75 billion. The company has a 50-day moving average of $43.25 and a 200-day moving average of $50.75.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last released 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). MACOM Technology Solutions Holdings had a positive return on equity of 17.21% and a negative net margin of 22.43%. The firm had revenue of $194.56 million for the quarter, compared to analysts’ expectations of $194.93 million. During the same period in the prior year, the firm posted $0.51 earnings per share. MACOM Technology Solutions Holdings’s revenue for the quarter was up 36.7% on a year-over-year basis. Equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post $2.33 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “MACOM Technology Solutions Holdings, Inc. (MTSI) Stake Boosted by Teachers Retirement System of The State of Kentucky” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/10/06/macom-technology-solutions-holdings-inc-mtsi-stake-boosted-by-teachers-retirement-system-of-the-state-of-kentucky.html.

In related news, SVP Donghyun Thomas Hwang sold 11,241 shares of MACOM Technology Solutions Holdings 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 sale, the senior vice president now owns 19,018 shares in the company, valued at approximately $1,222,096.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Charles R. Bland sold 750 shares of MACOM Technology Solutions Holdings stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $60.73, for a total transaction of $45,547.50. Following the sale, the director now owns 24,390 shares of the company’s stock, valued at approximately $1,481,204.70. The disclosure for this sale can be found here. Insiders have sold a total of 28,117 shares of company stock valued at $1,671,881 in the last quarter. 42.30% of the stock is currently owned by company insiders.

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)

Receive News & Stock Ratings for MACOM Technology Solutions Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MACOM Technology Solutions Holdings Inc. and related stocks with our FREE daily email newsletter.