Quantitative Investment Management LLC purchased a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 143,000 shares of the semiconductor company’s stock, valued at approximately $7,975,000. Quantitative Investment Management LLC owned 0.22% of MACOM Technology Solutions Holdings at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Fifth Third Bancorp raised its holdings in shares of 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 purchasing an additional 189 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of MACOM Technology Solutions Holdings by 10.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock worth $121,000 after purchasing an additional 199 shares during the period. US Bancorp DE raised its holdings in shares of MACOM Technology Solutions Holdings by 6.6% in the 1st quarter. US Bancorp DE now owns 6,479 shares of the semiconductor company’s stock worth $312,000 after purchasing an additional 402 shares during the period. Sei Investments Co. raised its holdings in shares of MACOM Technology Solutions Holdings by 4.5% in the 1st quarter. Sei Investments Co. now owns 11,001 shares of the semiconductor company’s stock worth $531,000 after purchasing an additional 470 shares during the period. Finally, Turner Investments LLC raised its holdings in shares of MACOM Technology Solutions Holdings by 14.3% in the 1st quarter. Turner Investments LLC now owns 4,000 shares of the semiconductor company’s stock worth $193,000 after purchasing an additional 500 shares during the period. 79.64% of the stock is currently owned by institutional investors.

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) opened at 43.27 on Friday. MACOM Technology Solutions Holdings, Inc. has a one year low of $35.33 and a one year high of $65.99. The company’s market cap is $2.78 billion. The firm’s 50-day moving average is $43.52 and its 200-day moving average is $51.07.

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

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MTSI has been the topic of a number of research reports. Stifel Nicolaus lifted their price target on shares of MACOM Technology Solutions Holdings from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Tuesday, June 6th. Needham & Company LLC lifted their price target on shares of MACOM Technology Solutions Holdings from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, June 26th. BidaskClub cut shares of MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Barclays PLC reaffirmed an “overweight” rating and issued a $70.00 price target (up previously from $60.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, July 12th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $61.00 price target (down previously from $66.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. MACOM Technology Solutions Holdings presently has a consensus rating of “Hold” and a consensus price target of $58.40.

In other news, Director Charles R. Bland sold 750 shares of MACOM Technology Solutions Holdings stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $60.73, for a total transaction of $45,547.50. Following the transaction, the director now owns 24,390 shares in the company, valued at approximately $1,481,204.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Croteau sold 2,000 shares of MACOM Technology Solutions Holdings stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $55.15, for a total transaction of $110,300.00. Following the transaction, the insider now owns 53,655 shares in the company, valued at approximately $2,959,073.25. The disclosure for this sale can be found here. Insiders have sold a total of 29,117 shares of company stock worth $1,755,579 in the last quarter. Corporate insiders own 42.30% of the company’s stock.

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.

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

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