Asset Management One Co. Ltd. lifted its position in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) by 555.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,674 shares of the semiconductor company’s stock after buying an additional 35,312 shares during the period. Asset Management One Co. Ltd. owned approximately 0.06% of MACOM Technology Solutions worth $1,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in MTSI. Strs Ohio purchased a new position in shares of MACOM Technology Solutions in the 2nd quarter worth $105,000. Sei Investments Co. boosted its stake in shares of MACOM Technology Solutions by 11.4% in the 2nd quarter. Sei Investments Co. now owns 12,258 shares of the semiconductor company’s stock worth $684,000 after buying an additional 1,257 shares during the last quarter. TD Asset Management Inc. boosted its stake in shares of MACOM Technology Solutions by 9.2% in the 2nd quarter. TD Asset Management Inc. now owns 11,900 shares of the semiconductor company’s stock worth $664,000 after buying an additional 1,000 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of MACOM Technology Solutions by 10.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 158,891 shares of the semiconductor company’s stock worth $8,862,000 after buying an additional 15,348 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of MACOM Technology Solutions by 15.3% in the 2nd quarter. First Trust Advisors LP now owns 28,192 shares of the semiconductor company’s stock worth $1,572,000 after buying an additional 3,749 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

MACOM Technology Solutions Holdings Inc (MTSI) opened at $33.53 on Thursday. The firm has a market capitalization of $2,150.00, a price-to-earnings ratio of 19.65, a P/E/G ratio of 1.65 and a beta of 1.31. 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 Holdings Inc has a 52-week low of $29.73 and a 52-week high of $65.99.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share 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 analysts’ expectations of $171.80 million. MACOM Technology Solutions had a negative net margin of 24.26% and a positive return on equity of 15.05%. MACOM Technology Solutions’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. equities analysts anticipate that MACOM Technology Solutions Holdings Inc will post 0.95 EPS for the current fiscal year.

MTSI has been the topic of a number of research reports. Needham & Company LLC restated a “buy” rating and issued a $56.00 price target on shares of MACOM Technology Solutions in a research note on Tuesday, September 5th. Zacks Investment Research downgraded MACOM Technology Solutions from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 19th. Barclays lowered their target price on MACOM Technology Solutions from $63.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 18th. Stifel Nicolaus downgraded MACOM Technology Solutions from a “buy” rating to a “hold” rating and lowered their target price for the company from $57.00 to $43.00 in a research report on Monday, October 16th. Finally, Craig Hallum reiterated a “buy” rating and set a $54.00 target price on shares of MACOM Technology Solutions in a research report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $42.10.

In other MACOM Technology Solutions news, CEO John Croteau sold 2,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $31.94, for a total transaction of $63,880.00. Following the sale, the chief executive officer now directly owns 149,219 shares of the company’s stock, valued at $4,766,054.86. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 5,250 shares of company stock worth $205,225. Insiders own 57.10% of the company’s stock.

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MACOM Technology Solutions 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.

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

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