Cramer Rosenthal Mcglynn LLC grew its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 45.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 950,052 shares of the semiconductor company’s stock after purchasing an additional 297,456 shares during the period. Cramer Rosenthal Mcglynn LLC owned about 1.48% of MACOM Technology Solutions worth $42,382,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Royce & Associates LP raised its holdings in shares of MACOM Technology Solutions by 20.3% in 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 during the last quarter. Amalgamated Bank bought a new position in shares of MACOM Technology Solutions in the second quarter valued at about $293,000. TD Asset Management Inc. raised its holdings in shares of MACOM Technology Solutions by 9.2% in the second quarter. TD Asset Management Inc. now owns 11,900 shares of the semiconductor company’s stock valued at $664,000 after buying an additional 1,000 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of MACOM Technology Solutions by 30.3% in the second quarter. Legal & General Group Plc now owns 15,044 shares of the semiconductor company’s stock valued at $839,000 after buying an additional 3,498 shares during the last quarter. Finally, AXA raised its holdings in shares of MACOM Technology Solutions by 16.7% in the second quarter. AXA now owns 63,000 shares of the semiconductor company’s stock valued at $3,514,000 after buying an additional 9,000 shares during the last quarter. Institutional investors own 88.18% of the company’s stock.

A number of research firms recently issued reports on MTSI. Needham & Company LLC reaffirmed a “buy” rating and issued a $56.00 price target on shares of MACOM Technology Solutions in a report on Tuesday, September 5th. Raymond James Financial reissued a “market perform” rating on shares of MACOM Technology Solutions in a report on Thursday, September 14th. Zacks Investment Research raised MACOM Technology Solutions from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Craig Hallum reissued a “buy” rating and set a $54.00 price objective on shares of MACOM Technology Solutions in a report on Tuesday, October 3rd. Finally, Stifel Nicolaus cut MACOM Technology Solutions from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $57.00 to $43.00 in a report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $42.10.

In other news, insider John Croteau sold 2,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $45.20, for a total transaction of $90,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 3,000 shares of company stock valued at $133,190 over the last 90 days. Corporate insiders own 57.10% of the company’s stock.

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) opened at $32.39 on Tuesday. The stock has a market capitalization of $2,073.79, a PE ratio of 18.98, a PEG ratio of 1.59 and a beta of 1.31. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $29.73 and a 12-month high of $65.99. The company has a current ratio of 4.81, a quick ratio of 3.64 and a debt-to-equity ratio of 0.87.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01). The company had revenue of $166.40 million for the quarter, compared to analyst estimates of $171.80 million. MACOM Technology Solutions had a positive return on equity of 15.05% and a negative net margin of 24.26%. MACOM Technology Solutions’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 earnings per share. equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 0.95 earnings per share for the current fiscal year.

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About MACOM Technology Solutions

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 (NASDAQ:MTSI)

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