SG Americas Securities LLC boosted its position in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) by 91.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,304 shares of the semiconductor company’s stock after buying an additional 14,008 shares during the quarter. SG Americas Securities LLC’s holdings in MACOM Technology Solutions were worth $1,007,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. AQR Capital Management LLC acquired a new position in MACOM Technology Solutions during the fourth quarter worth about $558,000. Geode Capital Management LLC boosted its stake in MACOM Technology Solutions by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 630,992 shares of the semiconductor company’s stock worth $16,784,000 after acquiring an additional 23,482 shares during the last quarter. Norges Bank bought a new position in MACOM Technology Solutions in the fourth quarter valued at approximately $4,018,000. Envestnet Asset Management Inc. lifted its stake in MACOM Technology Solutions by 4.7% in the first quarter. Envestnet Asset Management Inc. now owns 36,010 shares of the semiconductor company’s stock valued at $682,000 after buying an additional 1,620 shares in the last quarter. Finally, Ziegler Capital Management LLC bought a new position in shares of MACOM Technology Solutions in the 1st quarter valued at about $4,344,000. Institutional investors own 74.32% of the company’s stock.

Shares of MTSI stock opened at $42.26 on Friday. MACOM Technology Solutions Holdings Inc has a 12 month low of $15.03 and a 12 month high of $44.69. The stock has a market cap of $2.85 billion, a PE ratio of -44.02 and a beta of 2.39. The company has a current ratio of 4.50, a quick ratio of 3.42 and a debt-to-equity ratio of 2.39. The company’s fifty day moving average price is $35.29 and its 200-day moving average price is $28.77.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Wednesday, July 29th. The semiconductor company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.12. The company had revenue of $137.27 million for the quarter, compared to analysts’ expectations of $131.19 million. MACOM Technology Solutions had a negative net margin of 11.20% and a positive return on equity of 2.51%. MACOM Technology Solutions’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.42) EPS. On average, sell-side analysts forecast that MACOM Technology Solutions Holdings Inc will post 0.19 earnings per share for the current fiscal year.

In other MACOM Technology Solutions news, CFO John Kober sold 3,025 shares of MACOM Technology Solutions stock in a transaction on Monday, July 13th. The shares were sold at an average price of $38.00, for a total transaction of $114,950.00. Following the sale, the chief financial officer now owns 99,578 shares of the company’s stock, valued at approximately $3,783,964. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Robert Dennehy sold 10,882 shares of MACOM Technology Solutions stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $32.32, for a total transaction of $351,706.24. Following the sale, the senior vice president now directly owns 73,365 shares in the company, valued at approximately $2,371,156.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,709 shares of company stock valued at $1,163,451. 32.20% of the stock is owned by company insiders.

MTSI has been the subject of several research reports. Craig Hallum raised their price objective on shares of MACOM Technology Solutions from $40.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday. Piper Sandler boosted their price objective on shares of MACOM Technology Solutions from $37.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday. ValuEngine cut shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research note on Friday, May 1st. Barclays raised their target price on MACOM Technology Solutions from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, July 20th. Finally, Zacks Investment Research upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, May 5th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $40.75.

MACOM Technology Solutions Profile

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and lightwave spectrum products in the United States, China, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, including integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and subsystems for approximately 60 product lines.

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

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