MACOM Technology Solutions Holdings, Inc. (MTSI) Stake Raised by Nordea Investment Management AB

Nordea Investment Management AB grew its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 44.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,076 shares of the semiconductor company’s stock after purchasing an additional 13,770 shares during the period. Nordea Investment Management AB owned about 0.07% of MACOM Technology Solutions worth $2,011,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its stake in shares of MACOM Technology Solutions by 122.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,277,406 shares of the semiconductor company’s stock valued at $280,034,000 after purchasing an additional 3,457,245 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of MACOM Technology Solutions by 8.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,444,631 shares of the semiconductor company’s stock valued at $192,107,000 after purchasing an additional 269,836 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of MACOM Technology Solutions by 60.6% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,401,434 shares of the semiconductor company’s stock valued at $151,738,000 after purchasing an additional 1,283,603 shares in the last quarter. BlackRock Inc. boosted its stake in shares of MACOM Technology Solutions by 16.7% in 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 in the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of MACOM Technology Solutions by 3.2% in the 3rd quarter. Jennison Associates LLC now owns 2,140,833 shares of the semiconductor company’s stock valued at $95,503,000 after purchasing an additional 65,664 shares in the last quarter. Institutional investors own 88.18% of the company’s stock.

MTSI has been the topic of several recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $45.00 target price (down previously from $56.00) on shares of MACOM Technology Solutions in a research note on Tuesday, October 17th. DA Davidson initiated coverage on shares of MACOM Technology Solutions in a research note on Monday, October 16th. They issued a “neutral” rating and a $45.00 target price on the stock. Jefferies Group set a $61.00 target price on shares of MACOM Technology Solutions and gave the company a “buy” rating in a research note on Wednesday, October 18th. Barclays reduced their price target on shares of MACOM Technology Solutions from $50.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 15th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of MACOM Technology Solutions in a research report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.10.

In other MACOM Technology Solutions news, CEO John Croteau sold 2,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $31.94, for a total transaction 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 approximately $4,766,054.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 5,250 shares of company stock valued at $205,225 over the last three months. Company insiders own 42.30% of the company’s stock.

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) opened at $32.79 on Friday. The stock has a market cap of $2,043.59, a PE ratio of 18.71, a P/E/G ratio of 1.57 and a beta of 1.31. 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.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01). The firm had revenue of $166.40 million for the quarter, compared to the consensus estimate 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 business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 earnings per share. analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 0.95 earnings per share for the current year.

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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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