MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Charles R. Bland sold 250 shares of MACOM Technology Solutions Holdings stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $45.60, for a total value of $11,400.00. Following the sale, the director now owns 24,590 shares in the company, valued at $1,121,304. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

MACOM Technology Solutions Holdings, Inc. (NASDAQ MTSI) opened at 43.82 on Wednesday. The stock’s market cap is $2.81 billion. The stock’s 50 day moving average price is $57.93 and its 200 day moving average price is $51.99. MACOM Technology Solutions Holdings, Inc. has a one year low of $35.33 and a one year high of $65.99.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last issued its earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.01. The business had revenue of $194.56 million for the quarter, compared to the consensus estimate of $194.93 million. MACOM Technology Solutions Holdings had a negative net margin of 22.43% and a positive return on equity of 17.21%. The firm’s revenue for the quarter was up 36.7% compared to the same quarter last year. During the same period last year, the business posted $0.51 EPS. Equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post $2.33 earnings per share for the current fiscal year.

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MTSI has been the topic of a number of research reports. Needham & Company LLC boosted their price objective on MACOM Technology Solutions Holdings from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. BidaskClub cut MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC boosted their price objective on MACOM Technology Solutions Holdings from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Stifel Nicolaus boosted their price objective on MACOM Technology Solutions Holdings from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Finally, Zacks Investment Research cut MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. MACOM Technology Solutions Holdings currently has an average rating of “Hold” and a consensus price target of $55.50.

A number of hedge funds have recently modified their holdings of the stock. Strs Ohio acquired a new stake in shares of MACOM Technology Solutions Holdings during the second quarter valued at about $105,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of MACOM Technology Solutions Holdings by 10.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock valued at $121,000 after buying an additional 199 shares during the period. First Mercantile Trust Co. increased its stake in shares of MACOM Technology Solutions Holdings by 24.2% in the first quarter. First Mercantile Trust Co. now owns 2,372 shares of the semiconductor company’s stock valued at $115,000 after buying an additional 462 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of MACOM Technology Solutions Holdings during the first quarter valued at about $116,000. Finally, Fifth Third Bancorp increased its stake in shares of MACOM Technology Solutions Holdings by 7.9% in the first quarter. Fifth Third Bancorp now owns 2,590 shares of the semiconductor company’s stock valued at $125,000 after buying an additional 189 shares during the period. 72.99% of the stock is currently owned by institutional investors.

MACOM Technology Solutions Holdings Company 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.

Insider Buying and Selling by Quarter for MACOM Technology Solutions Holdings (NASDAQ:MTSI)

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