MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) was the recipient of unusually large options trading activity on Wednesday. Investors acquired 616 call options on the company. This represents an increase of 1,108% compared to the typical volume of 51 call options.

In other news, Chairman John L. Ocampo purchased 97,800 shares of the stock in a transaction that occurred on Friday, August 3rd. The stock was bought at an average cost of $20.95 per share, for a total transaction of $2,048,910.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider John Croteau sold 4,000 shares of the company’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $21.05, for a total transaction of $84,200.00. Following the sale, the insider now owns 115,118 shares of the company’s stock, valued at $2,423,233.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,500 shares of company stock valued at $95,258. Company insiders own 32.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Royal Bank of Canada increased its position in MACOM Technology Solutions by 111.4% during the 1st quarter. Royal Bank of Canada now owns 3,326,435 shares of the semiconductor company’s stock valued at $55,217,000 after purchasing an additional 1,752,712 shares during the period. BlackRock Inc. increased its position in MACOM Technology Solutions by 18.1% during the 2nd quarter. BlackRock Inc. now owns 2,949,740 shares of the semiconductor company’s stock valued at $67,961,000 after purchasing an additional 451,605 shares during the period. Silvercrest Asset Management Group LLC increased its position in MACOM Technology Solutions by 1.9% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 2,066,248 shares of the semiconductor company’s stock valued at $34,301,000 after purchasing an additional 38,339 shares during the period. Yiheng Capital LLC grew its position in shares of MACOM Technology Solutions by 127.0% in the 2nd quarter. Yiheng Capital LLC now owns 1,911,009 shares of the semiconductor company’s stock worth $44,030,000 after buying an additional 1,069,069 shares during the period. Finally, Neuberger Berman Group LLC grew its position in shares of MACOM Technology Solutions by 61.6% in the 1st quarter. Neuberger Berman Group LLC now owns 1,795,967 shares of the semiconductor company’s stock worth $29,797,000 after buying an additional 684,539 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Shares of MACOM Technology Solutions stock opened at $19.38 on Thursday. The company has a current ratio of 4.97, a quick ratio of 3.62 and a debt-to-equity ratio of 1.01. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 314.00, a P/E/G ratio of 37.90 and a beta of 1.75. MACOM Technology Solutions has a 12-month low of $15.46 and a 12-month high of $46.33.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Tuesday, July 31st. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.13. The business had revenue of $137.87 million for the quarter, compared to the consensus estimate of $146.71 million. MACOM Technology Solutions had a negative net margin of 22.92% and a positive return on equity of 3.33%. The company’s quarterly revenue was down 29.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 EPS. analysts forecast that MACOM Technology Solutions will post 0.03 earnings per share for the current year.

A number of research firms recently commented on MTSI. Stifel Nicolaus lowered shares of MACOM Technology Solutions from a “hold” rating to a “sell” rating and lowered their price target for the company from $22.00 to $20.00 in a report on Wednesday. JPMorgan Chase & Co. lowered shares of MACOM Technology Solutions from a “neutral” rating to an “underweight” rating and set a $45.00 price target for the company. in a report on Tuesday, August 14th. BidaskClub upgraded shares of MACOM Technology Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Bank of America upped their price target on shares of MACOM Technology Solutions from $18.00 to $19.00 and gave the company an “underperform” rating in a report on Wednesday, August 1st. Finally, Craig Hallum set a $26.00 price target on shares of MACOM Technology Solutions and gave the company an “in-line” rating in a report on Wednesday, August 1st. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. MACOM Technology Solutions presently has a consensus rating of “Hold” and an average price target of $32.40.

About MACOM Technology Solutions

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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