American Century Companies Inc. reduced its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 15.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,581 shares of the semiconductor company’s stock after selling 7,005 shares during the period. American Century Companies Inc. owned 0.06% of MACOM Technology Solutions Holdings worth $2,096,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of MTSI. Strs Ohio bought a new position in MACOM Technology Solutions Holdings in the 2nd quarter worth about $105,000. Oppenheimer Asset Management Inc. bought a new position in MACOM Technology Solutions Holdings in the 1st quarter worth about $116,000. Fifth Third Bancorp grew its stake in MACOM Technology Solutions Holdings by 7.9% in the 1st quarter. Fifth Third Bancorp now owns 2,590 shares of the semiconductor company’s stock worth $125,000 after acquiring an additional 189 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in MACOM Technology Solutions Holdings in the 1st quarter worth about $130,000. Finally, Peddock Capital Advisors LLC grew its stake in MACOM Technology Solutions Holdings by 1,797.5% in the 2nd quarter. Peddock Capital Advisors LLC now owns 3,093 shares of the semiconductor company’s stock worth $172,000 after acquiring an additional 2,930 shares in the last quarter. Institutional investors and hedge funds own 79.85% of the company’s stock.

In related news, Director Charles R. Bland sold 1,750 shares of MACOM Technology Solutions Holdings stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $55.75, for a total value of $97,562.50. Following the completion of the transaction, the director now owns 25,190 shares in the company, valued at $1,404,342.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Donghyun Thomas Hwang sold 11,241 shares of MACOM Technology Solutions Holdings stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $64.26, for a total transaction of $722,346.66. Following the completion of the transaction, the senior vice president now owns 19,018 shares of the company’s stock, valued at approximately $1,222,096.68. The disclosure for this sale can be found here. Insiders sold 29,117 shares of company stock valued at $1,755,579 in the last 90 days. Company insiders own 42.30% of the company’s stock.

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MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) opened at 43.42 on Friday. The company’s market capitalization is $2.79 billion. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $35.33 and a 1-year high of $65.99. The stock’s 50 day moving average is $44.93 and its 200-day moving average is $51.05.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last released its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). The company had revenue of $194.56 million during the quarter, compared to analysts’ expectations 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%. MACOM Technology Solutions Holdings’s revenue was up 36.7% on a year-over-year basis. During the same period last year, the firm posted $0.51 earnings per share. On average, analysts expect that MACOM Technology Solutions Holdings, Inc. will post $2.33 earnings per share for the current fiscal year.

A number of brokerages have commented on MTSI. Barclays PLC restated an “overweight” rating and issued a $70.00 target price (up from $60.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, July 12th. Zacks Investment Research downgraded shares of MACOM Technology Solutions Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Stifel Nicolaus upped their target price on shares of MACOM Technology Solutions Holdings from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Tuesday, June 6th. BidaskClub downgraded shares of MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Jefferies Group LLC restated a “buy” rating and issued a $61.00 target price (down from $66.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $55.50.

About MACOM Technology Solutions Holdings

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 Holdings (NASDAQ:MTSI)

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