MACOM Technology Solutions Holdings Inc (MTSI) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its holdings in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) by 30.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 513,381 shares of the semiconductor company’s stock after selling 222,027 shares during the quarter. Dimensional Fund Advisors LP’s holdings in MACOM Technology Solutions were worth $11,828,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Royal Bank of Canada grew its holdings in MACOM Technology Solutions by 111.4% in the first quarter. Royal Bank of Canada now owns 3,326,435 shares of the semiconductor company’s stock valued at $55,217,000 after purchasing an additional 1,752,712 shares during the period. BlackRock Inc. grew its holdings in MACOM Technology Solutions by 18.1% in the second quarter. BlackRock Inc. now owns 2,949,740 shares of the semiconductor company’s stock valued at $67,961,000 after purchasing an additional 451,605 shares during the period. Royce & Associates LP acquired a new stake in MACOM Technology Solutions in the second quarter valued at approximately $14,022,000. Northern Trust Corp grew its holdings in MACOM Technology Solutions by 8.0% in the first quarter. Northern Trust Corp now owns 595,330 shares of the semiconductor company’s stock valued at $9,883,000 after purchasing an additional 44,123 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in MACOM Technology Solutions by 32.6% in the first quarter. Wells Fargo & Company MN now owns 508,539 shares of the semiconductor company’s stock valued at $8,442,000 after purchasing an additional 125,058 shares during the period. 89.88% of the stock is currently owned by institutional investors.

In other news, Chairman John L. Ocampo bought 97,800 shares of the firm’s stock in a transaction dated Friday, August 3rd. The shares were acquired at an average price of $20.95 per share, for a total transaction of $2,048,910.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John Croteau sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $21.05, for a total value of $84,200.00. Following the completion of the transaction, the insider now owns 115,118 shares in the company, valued at approximately $2,423,233.90. The disclosure for this sale can be found here. Company insiders own 32.20% of the company’s stock.

MTSI has been the topic of several research analyst reports. Stifel Nicolaus raised their price objective on MACOM Technology Solutions from $18.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, July 19th. BidaskClub lowered MACOM Technology Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Craig Hallum set a $26.00 price objective on MACOM Technology Solutions and gave the company an “in-line” rating in a report on Wednesday, August 1st. Needham & Company LLC reissued a “buy” rating and issued a $34.00 price objective on shares of MACOM Technology Solutions in a report on Wednesday, August 1st. Finally, Bank of America raised their price objective on MACOM Technology Solutions from $18.00 to $19.00 and gave the company an “underperform” rating in a report on Wednesday, August 1st. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $30.36.

NASDAQ MTSI opened at $15.28 on Friday. The company has a market capitalization of $1.34 billion, a PE ratio of 8.13, a PEG ratio of 36.14 and a beta of 1.77. MACOM Technology Solutions Holdings Inc has a 1-year low of $15.22 and a 1-year high of $41.44. The company has a current ratio of 4.97, a quick ratio of 3.62 and a debt-to-equity ratio of 1.01.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Tuesday, July 31st. The semiconductor company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $137.87 million for the quarter, compared to the consensus estimate of $146.71 million. MACOM Technology Solutions had a positive return on equity of 3.33% and a negative net margin of 22.92%. The business’s quarterly revenue was down 29.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 earnings per share. On average, research analysts predict that MACOM Technology Solutions Holdings Inc will post 0.03 earnings per share for the current fiscal year.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and photonic semiconductor solutions in the United States, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, which include integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems for more than 60 product lines.

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Institutional Ownership by Quarter for MACOM Technology Solutions (NASDAQ:MTSI)

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