MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Bought by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lifted its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 26.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 333,370 shares of the semiconductor company’s stock after purchasing an additional 69,059 shares during the quarter. Stephens Investment Management Group LLC owned 0.52% of MACOM Technology Solutions worth $14,872,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MTSI. Royce & Associates LP raised its position in MACOM Technology Solutions by 20.3% in the 2nd quarter. Royce & Associates LP now owns 103,500 shares of the semiconductor company’s stock valued at $5,772,000 after buying an additional 17,500 shares during the last quarter. Amalgamated Bank bought a new position in MACOM Technology Solutions in the second quarter valued at approximately $293,000. TD Asset Management Inc. boosted its stake in shares of MACOM Technology Solutions by 9.2% during the 2nd quarter. TD Asset Management Inc. now owns 11,900 shares of the semiconductor company’s stock worth $664,000 after acquiring an additional 1,000 shares during the period. Legal & General Group Plc boosted its stake in shares of MACOM Technology Solutions by 30.3% during the 2nd quarter. Legal & General Group Plc now owns 15,044 shares of the semiconductor company’s stock worth $839,000 after acquiring an additional 3,498 shares during the period. Finally, AXA boosted its stake in shares of MACOM Technology Solutions by 16.7% during the 2nd quarter. AXA now owns 63,000 shares of the semiconductor company’s stock worth $3,514,000 after acquiring an additional 9,000 shares during the period. 88.18% of the stock is currently owned by institutional investors.

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ MTSI) traded up $0.99 during trading on Thursday, hitting $32.79. The company had a trading volume of 1,181,154 shares, compared to its average volume of 822,233. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $29.73 and a 52 week high of $65.99. The company has a current ratio of 4.81, a quick ratio of 3.64 and a debt-to-equity ratio of 0.87. The company has a market cap of $2,017.88, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 1.55 and a beta of 1.31.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The firm had revenue of $166.40 million for the quarter, compared to analyst estimates of $171.80 million. MACOM Technology Solutions had a positive return on equity of 15.05% and a negative net margin of 24.26%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share. analysts predict that MACOM Technology Solutions Holdings, Inc. will post 0.95 earnings per share for the current fiscal year.

Several research analysts have recently commented on the company. Jefferies Group set a $61.00 target price on MACOM Technology Solutions and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Stifel Nicolaus dropped their price objective on MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, November 15th. dropped their price objective on MACOM Technology Solutions from $45.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. J P Morgan Chase & Co lowered their price target on MACOM Technology Solutions from $55.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, November 15th. Finally, lowered their price target on MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $42.10.

In other news, CEO John Croteau sold 2,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $31.94, for a total value of $63,880.00. Following the completion of the sale, the chief executive officer now directly owns 149,219 shares of the company’s stock, valued at $4,766,054.86. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders sold 5,250 shares of company stock valued at $205,225. Company insiders own 42.30% of the company’s stock.

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About MACOM Technology Solutions

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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