Bank of New York Mellon Corp lifted its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 9.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 234,273 shares of the semiconductor company’s stock after buying an additional 19,768 shares during the quarter. Bank of New York Mellon Corp owned about 0.37% of MACOM Technology Solutions Holdings worth $13,065,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP grew its stake in shares of MACOM Technology Solutions Holdings by 20.7% in the 1st quarter. Wellington Management Group LLP now owns 4,204,202 shares of the semiconductor company’s stock valued at $203,064,000 after buying an additional 721,929 shares in the last quarter. Vanguard Group Inc. boosted its position in MACOM Technology Solutions Holdings by 37.0% during the first quarter. Vanguard Group Inc. now owns 3,174,795 shares of the semiconductor company’s stock worth $153,343,000 after purchasing an additional 857,449 shares during the period. BlackRock Inc. boosted its position in MACOM Technology Solutions Holdings by 108,171.0% during the first quarter. BlackRock Inc. now owns 2,052,819 shares of the semiconductor company’s stock worth $99,151,000 after purchasing an additional 2,050,923 shares during the period. Neuberger Berman Group LLC boosted its position in MACOM Technology Solutions Holdings by 27.0% during the first quarter. Neuberger Berman Group LLC now owns 1,336,109 shares of the semiconductor company’s stock worth $64,534,000 after purchasing an additional 284,331 shares during the period. Finally, FMR LLC boosted its position in MACOM Technology Solutions Holdings by 54.5% during the first quarter. FMR LLC now owns 1,264,242 shares of the semiconductor company’s stock worth $61,063,000 after purchasing an additional 445,749 shares during the period. 79.64% of the stock is owned by institutional investors and hedge funds.

In other 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 stock was sold at an average price of $55.75, for a total transaction of $97,562.50. Following the completion of the transaction, the director now directly owns 25,190 shares in the company, valued at approximately $1,404,342.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Geoffrey G. Ribar bought 5,000 shares of MACOM Technology Solutions Holdings stock in a transaction dated Monday, August 28th. The shares were acquired at an average price of $43.37 per share, with a total value of $216,850.00. Following the completion of the purchase, the director now directly owns 11,063 shares in the company, valued at approximately $479,802.31. The disclosure for this purchase can be found here. Insiders have sold a total of 29,117 shares of company stock valued at $1,755,579 over the last quarter. 42.30% of the stock is currently owned by corporate insiders.

A number of equities research analysts have issued reports on MTSI shares. Needham & Company LLC reaffirmed a “buy” rating and set a $56.00 target price on shares of MACOM Technology Solutions Holdings in a research report on Tuesday, September 5th. Stifel Nicolaus upped their target price on MACOM Technology Solutions Holdings from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Tuesday, June 6th. BidaskClub cut MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Barclays PLC reaffirmed an “overweight” rating and set a $70.00 target price (up previously from $60.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, July 12th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of MACOM Technology Solutions Holdings in a research report on Thursday, September 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $58.40.

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ MTSI) opened at 43.27 on Friday. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $35.33 and a 52-week high of $65.99. The company’s market capitalization is $2.78 billion. The stock has a 50 day moving average price of $43.52 and a 200 day moving average price of $51.07.

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

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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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