New York State Common Retirement Fund Acquires 22,726 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

New York State Common Retirement Fund raised its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 44.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,986 shares of the semiconductor company’s stock after purchasing an additional 22,726 shares during the quarter. New York State Common Retirement Fund owned 0.12% of MACOM Technology Solutions Holdings worth $4,126,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Great West Life Assurance Co. Can increased its position in MACOM Technology Solutions Holdings by 96.4% in the first quarter. Great West Life Assurance Co. Can now owns 4,713 shares of the semiconductor company’s stock worth $227,000 after buying an additional 2,313 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in MACOM Technology Solutions Holdings by 111.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 14,486 shares of the semiconductor company’s stock worth $700,000 after buying an additional 7,641 shares during the last quarter. First Trust Advisors LP increased its position in MACOM Technology Solutions Holdings by 18.6% in the first quarter. First Trust Advisors LP now owns 24,443 shares of the semiconductor company’s stock worth $1,181,000 after buying an additional 3,832 shares during the last quarter. Bank of New York Mellon Corp increased its position in MACOM Technology Solutions Holdings by 19.3% in the first quarter. Bank of New York Mellon Corp now owns 214,505 shares of the semiconductor company’s stock worth $10,360,000 after buying an additional 34,635 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of MACOM Technology Solutions Holdings by 0.4% in the first quarter. UBS Asset Management Americas Inc. now owns 176,433 shares of the semiconductor company’s stock worth $8,522,000 after acquiring an additional 711 shares during the period. 79.43% of the stock is owned by hedge funds and other institutional investors.

MTSI has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $56.00 price target on shares of MACOM Technology Solutions Holdings in a report on Tuesday, September 5th. Craig Hallum reissued a “buy” rating and set a $54.00 price objective on shares of MACOM Technology Solutions Holdings in a research note on Tuesday, October 3rd. Stifel Nicolaus reissued 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. BidaskClub upgraded MACOM Technology Solutions Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, Jefferies Group LLC restated a “buy” rating and set a $61.00 price target (down previously from $66.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $49.67.

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ MTSI) opened at 38.70 on Friday. The stock has a 50 day moving average price of $42.18 and a 200-day moving average price of $50.06. The company’s market capitalization is $2.49 billion. 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 announced its earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.01). MACOM Technology Solutions Holdings had a negative net margin of 22.43% and a positive return on equity of 17.21%. The firm had revenue of $194.56 million during the quarter, compared to analyst estimates of $194.93 million. During the same quarter last year, the business earned $0.51 earnings per share. MACOM Technology Solutions Holdings’s revenue was up 36.7% on a year-over-year basis. Analysts forecast that MACOM Technology Solutions Holdings, Inc. will post $2.33 EPS for the current year.

TRADEMARK VIOLATION WARNING: This article was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2017/10/27/macom-technology-solutions-holdings-inc-mtsi-shares-bought-by-new-york-state-common-retirement-fund.html.

In related news, Director Geoffrey G. Ribar acquired 5,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were purchased at an average cost of $43.37 per share, for a total transaction of $216,850.00. Following the acquisition, the director now owns 11,063 shares in the company, valued at approximately $479,802.31. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Croteau sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $60.76, for a total transaction of $121,520.00. Following the completion of the transaction, the insider now owns 51,200 shares in the company, valued at $3,110,912. The disclosure for this sale can be found here. Insiders sold 8,250 shares of company stock valued at $416,783 in the last ninety days. 42.30% of the stock is owned by corporate insiders.

MACOM Technology Solutions Holdings Company 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 Holdings (NASDAQ:MTSI)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply