State Street Corp Grows Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

State Street Corp lifted its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 13.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 924,113 shares of the semiconductor company’s stock after buying an additional 106,517 shares during the quarter. State Street Corp owned about 1.44% of MACOM Technology Solutions Holdings worth $51,535,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in MACOM Technology Solutions Holdings by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,444,631 shares of the semiconductor company’s stock valued at $192,107,000 after acquiring an additional 269,836 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of MACOM Technology Solutions Holdings by 1,136.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,820,161 shares of the semiconductor company’s stock valued at $157,274,000 after purchasing an additional 2,592,080 shares during the last quarter. BlackRock Inc. increased its position in shares of MACOM Technology Solutions Holdings by 16.7% during the 2nd quarter. BlackRock Inc. now owns 2,394,921 shares of the semiconductor company’s stock valued at $133,565,000 after purchasing an additional 342,102 shares during the last quarter. Frontier Capital Management Co. LLC increased its position in shares of MACOM Technology Solutions Holdings by 603.9% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,117,831 shares of the semiconductor company’s stock valued at $118,111,000 after purchasing an additional 1,816,972 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of MACOM Technology Solutions Holdings by 337.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 780,729 shares of the semiconductor company’s stock valued at $37,709,000 after purchasing an additional 602,105 shares during the last quarter. Institutional investors own 82.40% of the company’s stock.

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Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ MTSI) opened at $36.63 on Friday. The company has a quick ratio of 4.42, a current ratio of 5.61 and a debt-to-equity ratio of 0.87. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $35.58 and a 12 month high of $65.99. The firm has a market capitalization of $2,352.89, a price-to-earnings ratio of 20.46, a P/E/G ratio of 0.98 and a beta of 1.40.

In related news, Director Geoffrey G. Ribar purchased 5,000 shares of MACOM Technology Solutions Holdings stock in a transaction on Monday, August 28th. The stock was acquired at an average price of $43.37 per share, for a total transaction of $216,850.00. Following the completion of the transaction, the director now directly owns 11,063 shares in the company, valued at approximately $479,802.31. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Croteau sold 2,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $45.20, for a total value of $90,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,500 shares of company stock worth $247,340. Corporate insiders own 42.30% of the company’s stock.

MTSI has been the subject of several recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $56.00 price objective on shares of MACOM Technology Solutions Holdings in a report on Tuesday, September 5th. Craig Hallum reissued a “buy” rating and issued a $54.00 price objective on shares of MACOM Technology Solutions Holdings in a report on Tuesday, October 3rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $61.00 target price (down previously from $66.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. Stifel Nicolaus reduced their target price on MACOM Technology Solutions Holdings from $64.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded MACOM Technology Solutions Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 4th. 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. The company currently has a consensus rating of “Hold” and an average target price of $49.67.

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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