Northern Trust Corp Grows Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Northern Trust Corp grew its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 27.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 548,906 shares of the semiconductor company’s stock after acquiring an additional 116,751 shares during the quarter. Northern Trust Corp owned 0.86% of MACOM Technology Solutions Holdings worth $30,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Strs Ohio purchased a new position in shares of MACOM Technology Solutions Holdings in the 2nd quarter worth about $105,000. Oppenheimer Asset Management Inc. purchased a new stake in MACOM Technology Solutions Holdings during the first quarter valued at about $116,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in 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 valued at $121,000 after purchasing an additional 199 shares during the last quarter. Fifth Third Bancorp lifted its holdings in 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 valued at $125,000 after purchasing an additional 189 shares during the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new stake in MACOM Technology Solutions Holdings during the first quarter valued at about $130,000. 79.43% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ MTSI) opened at 40.10 on Friday. The company’s market capitalization is $2.58 billion. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $35.33 and a 12 month high of $65.99. The stock’s 50 day moving average price is $42.18 and its 200 day moving average price is $50.06.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last posted its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $194.56 million for the quarter, compared to analysts’ expectations of $194.93 million. During the same period in the previous year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was up 36.7% on a year-over-year basis. On average, analysts forecast that MACOM Technology Solutions Holdings, Inc. will post $2.33 EPS for the current year.

In other MACOM Technology Solutions Holdings news, Director Geoffrey G. Ribar purchased 5,000 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were bought at an average cost of $43.37 per share, with a total value of $216,850.00. Following the acquisition, the director now owns 11,063 shares in the company, valued at $479,802.31. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Croteau sold 2,000 shares of the business’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 value of $121,520.00. Following the completion of the transaction, the insider now directly owns 51,200 shares in the company, valued at $3,110,912. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,250 shares of company stock worth $416,783. Insiders own 42.30% of the company’s stock.

MTSI has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $56.00 price objective on shares of MACOM Technology Solutions Holdings in a report on Tuesday, September 5th. Craig Hallum reaffirmed a “buy” rating and set a $54.00 price objective on shares of MACOM Technology Solutions Holdings in a report on Tuesday, October 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $64.00 price objective on shares of MACOM Technology Solutions Holdings in a report on Friday, July 14th. BidaskClub raised shares of MACOM Technology Solutions Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $61.00 price objective (down from $66.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $49.67.

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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)

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