Wells Fargo & Company MN cut its holdings in shares of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) by 4.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 486,022 shares of the semiconductor company’s stock after selling 22,517 shares during the period. Wells Fargo & Company MN owned about 0.75% of MACOM Technology Solutions worth $11,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Isthmus Partners LLC lifted its position in MACOM Technology Solutions by 12.4% during the first quarter. Isthmus Partners LLC now owns 21,583 shares of the semiconductor company’s stock valued at $358,000 after purchasing an additional 2,373 shares during the period. Quantbot Technologies LP acquired a new position in MACOM Technology Solutions during the first quarter valued at $605,000. Massachusetts Financial Services Co. MA lifted its position in MACOM Technology Solutions by 1.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 309,697 shares of the semiconductor company’s stock valued at $7,135,000 after purchasing an additional 4,310 shares during the period. US Bancorp DE lifted its position in MACOM Technology Solutions by 116.1% during the first quarter. US Bancorp DE now owns 13,658 shares of the semiconductor company’s stock valued at $227,000 after purchasing an additional 7,339 shares during the period. Finally, New York State Common Retirement Fund lifted its position in MACOM Technology Solutions by 49.1% during the first quarter. New York State Common Retirement Fund now owns 66,275 shares of the semiconductor company’s stock valued at $1,100,000 after purchasing an additional 21,839 shares during the period. Institutional investors own 89.91% of the company’s stock.

In related news, insider John Croteau sold 4,000 shares of the company’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $21.05, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman John L. Ocampo purchased 97,800 shares of MACOM Technology Solutions stock in a transaction that occurred on Friday, August 3rd. The shares were bought at an average price of $20.95 per share, with a total value of $2,048,910.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 4,500 shares of company stock valued at $95,258. Insiders own 32.20% of the company’s stock.

Shares of MACOM Technology Solutions stock opened at $21.89 on Friday. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 39.10 and a beta of 1.75. MACOM Technology Solutions Holdings Inc has a fifty-two week low of $15.46 and a fifty-two week high of $46.33. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.97 and a quick ratio of 3.62.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Tuesday, July 31st. The semiconductor company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. MACOM Technology Solutions had a negative net margin of 22.92% and a positive return on equity of 3.33%. The firm had revenue of $137.87 million during the quarter, compared to the consensus estimate of $146.71 million. During the same quarter in the prior year, the firm earned $0.67 EPS. The company’s revenue for the quarter was down 29.1% on a year-over-year basis. sell-side analysts predict that MACOM Technology Solutions Holdings Inc will post 0.03 earnings per share for the current year.

A number of research analysts have weighed in on the stock. Stifel Nicolaus upped their price objective on shares of MACOM Technology Solutions from $18.00 to $22.00 and gave the stock a “hold” rating in a research report on Thursday, July 19th. BidaskClub downgraded shares of MACOM Technology Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. Bank of America upped their price objective on shares of MACOM Technology Solutions from $18.00 to $19.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 1st. JPMorgan Chase & Co. downgraded shares of MACOM Technology Solutions from a “neutral” rating to an “underweight” rating and set a $45.00 price objective for the company. in a research report on Tuesday, August 14th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $34.00 price objective on shares of MACOM Technology Solutions in a research report on Wednesday, August 1st. Three analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. MACOM Technology Solutions presently has an average rating of “Hold” and an average price target of $32.53.

MACOM Technology Solutions Profile

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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