Macquarie Group Ltd. lifted its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 9.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 612,920 shares of the semiconductor company’s stock after acquiring an additional 52,113 shares during the quarter. Macquarie Group Ltd. owned 0.95% of MACOM Technology Solutions Holdings worth $34,186,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strs Ohio purchased a new stake in shares of MACOM Technology Solutions Holdings during the second quarter worth about $105,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of MACOM Technology Solutions Holdings during the first quarter worth about $116,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of MACOM Technology Solutions Holdings by 10.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock worth $121,000 after acquiring an additional 199 shares during the last quarter. Fifth Third Bancorp increased its position in shares of MACOM Technology Solutions Holdings by 7.9% during the first quarter. Fifth Third Bancorp now owns 2,590 shares of the semiconductor company’s stock worth $125,000 after acquiring an additional 189 shares during the last quarter. Finally, Advisor Group Inc. increased its position in shares of MACOM Technology Solutions Holdings by 6.6% during the second quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock worth $128,000 after acquiring an additional 143 shares during the last quarter. 79.65% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on the company. Barclays PLC reaffirmed an “overweight” rating and set a $70.00 target price (up from $60.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, July 12th. Craig Hallum reiterated a “buy” rating and issued a $54.00 price target on shares of MACOM Technology Solutions Holdings in a research note on Tuesday, October 3rd. Zacks Investment Research downgraded MACOM Technology Solutions Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $64.00 price target on shares of MACOM Technology Solutions Holdings in a research note on Friday, July 14th. Finally, BidaskClub downgraded MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $58.20.

In related news, insider John Croteau sold 2,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $45.20, for a total value of $90,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Donghyun Thomas Hwang sold 4,225 shares of the stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $59.95, for a total transaction of $253,288.75. The disclosure for this sale can be found here. Insiders sold 28,117 shares of company stock valued at $1,671,881 in the last three months. Company insiders own 57.10% of the company’s stock.

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MACOM Technology Solutions Holdings, Inc. (MTSI) traded up 0.58% during trading on Monday, reaching $43.69. The company had a trading volume of 7,281 shares. The stock’s market cap is $2.81 billion. The firm has a 50-day moving average price of $43.32 and a 200 day moving average price of $50.73. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $35.33 and a 12-month high of $65.99.

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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $194.56 million during the quarter, compared to analyst estimates of $194.93 million. During the same period last year, the company earned $0.51 EPS. The business’s revenue for the quarter was up 36.7% on a year-over-year basis. Equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post $2.33 EPS for the current fiscal year.

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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