Frontier Capital Management Co. LLC Sells 381,784 Shares of MACOM Technology Solutions Holdings Inc (MTSI)

Frontier Capital Management Co. LLC cut its stake in shares of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,019,650 shares of the semiconductor company’s stock after selling 381,784 shares during the quarter. Frontier Capital Management Co. LLC owned approximately 4.70% of MACOM Technology Solutions worth $98,259,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Advisor Group Inc. grew its holdings in shares of MACOM Technology Solutions by 6.6% during the second quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock valued at $128,000 after purchasing an additional 143 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of MACOM Technology Solutions 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. Raymond James Financial Services Advisors Inc. grew its holdings in shares of MACOM Technology Solutions by 6.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,799 shares of the semiconductor company’s stock valued at $435,000 after purchasing an additional 503 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of MACOM Technology Solutions by 3.1% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 26,938 shares of the semiconductor company’s stock valued at $1,502,000 after purchasing an additional 819 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its holdings in shares of MACOM Technology Solutions by 32.0% during the second quarter. Ameritas Investment Partners Inc. now owns 3,561 shares of the semiconductor company’s stock valued at $199,000 after purchasing an additional 864 shares during the last quarter. 88.18% of the stock is owned by institutional investors.

MTSI has been the subject of several recent research reports. Needham & Company LLC lowered their target price 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. decreased 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. Craig Hallum reissued a “buy” rating and issued a $54.00 price objective on shares of MACOM Technology Solutions in a report on Tuesday, October 3rd. Jefferies Group set a $61.00 price objective on MACOM Technology Solutions and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, ValuEngine raised MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Monday, December 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $43.00.

Shares of MACOM Technology Solutions Holdings Inc (NASDAQ MTSI) traded up $0.07 during mid-day trading on Thursday, reaching $37.01. The company had a trading volume of 689,900 shares, compared to its average volume of 827,945. 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 market cap of $2,290.00, a price-to-earnings ratio of -14.98, a price-to-earnings-growth ratio of 1.65 and a beta of 1.31. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.81 and a quick ratio of 3.64.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). MACOM Technology Solutions had a positive return on equity of 15.05% and a negative net margin of 24.26%. The business had revenue of $166.40 million during the quarter, compared to the consensus estimate of $171.80 million. During the same period last year, the company earned $0.54 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. sell-side analysts forecast that MACOM Technology Solutions Holdings Inc will post 1.01 EPS for the current fiscal year.

In other MACOM Technology Solutions news, insider John Croteau sold 2,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 147,219 shares in the company, valued at $5,160,025.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 4,750 shares of company stock valued at $159,993 over the last 90 days. 42.30% of the stock is currently owned by insiders.

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MACOM Technology Solutions 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 (NASDAQ:MTSI)

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