Wells Fargo & Company MN boosted its stake in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) by 9.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 345,749 shares of the semiconductor company’s stock after purchasing an additional 28,480 shares during the period. Wells Fargo & Company MN owned about 0.54% of MACOM Technology Solutions worth $15,424,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Ameriprise Financial Inc. grew its stake in MACOM Technology Solutions by 122.6% in the third quarter. Ameriprise Financial Inc. now owns 6,277,406 shares of the semiconductor company’s stock worth $280,034,000 after purchasing an additional 3,457,245 shares during the period. Frontier Capital Management Co. LLC boosted its holdings in MACOM Technology Solutions by 60.6% in the third quarter. Frontier Capital Management Co. LLC now owns 3,401,434 shares of the semiconductor company’s stock worth $151,738,000 after acquiring an additional 1,283,603 shares in the last quarter. Capital Research Global Investors bought a new stake in MACOM Technology Solutions in the second quarter worth $42,368,000. BlackRock Inc. boosted its holdings in MACOM Technology Solutions by 16.7% in the second quarter. BlackRock Inc. now owns 2,394,921 shares of the semiconductor company’s stock worth $133,565,000 after acquiring an additional 342,102 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its holdings in MACOM Technology Solutions by 60.6% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 819,865 shares of the semiconductor company’s stock worth $36,574,000 after acquiring an additional 309,385 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.
MACOM Technology Solutions Holdings Inc (NASDAQ MTSI) traded up $0.20 during trading hours on Friday, hitting $36.50. The stock had a trading volume of 416,126 shares, compared to its average volume of 824,599. MACOM Technology Solutions Holdings Inc has a 1-year low of $29.73 and a 1-year high of $65.99. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.81 and a quick ratio of 3.64. The company has a market cap of $2,350.00, a price-to-earnings ratio of -14.78, a price-to-earnings-growth ratio of 1.63 and a beta of 1.31.
MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). The business 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%. MACOM Technology Solutions’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. analysts expect that MACOM Technology Solutions Holdings Inc will post 1.01 earnings per share for the current year.
MTSI has been the topic of a number of research analyst reports. DA Davidson raised MACOM Technology Solutions from a “neutral” rating to a “buy” rating and upped their price target for the company from $32.00 to $43.00 in a report on Friday, January 5th. ValuEngine raised MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. BidaskClub upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Barclays reduced their price objective on MACOM Technology Solutions from $50.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, November 15th. Finally, JPMorgan Chase & Co. reduced their price objective on MACOM Technology Solutions from $55.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $43.20.
In other news, insider John Croteau sold 2,000 shares of MACOM Technology Solutions stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $35.05, for a total value of $70,100.00. Following the transaction, the insider now directly owns 147,219 shares in the company, valued at approximately $5,160,025.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 4,750 shares of company stock worth $159,993 over the last 90 days. 42.30% of the stock is currently owned by company insiders.
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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.
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