Strs Ohio Acquires 1,500 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Strs Ohio boosted its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSIGet Rating) by 1,500.0% during the third quarter, HoldingsChannel reports. The fund owned 1,600 shares of the semiconductor company’s stock after purchasing an additional 1,500 shares during the quarter. Strs Ohio’s holdings in MACOM Technology Solutions were worth $82,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Versor Investments LP grew its holdings in MACOM Technology Solutions by 40.8% during the 3rd quarter. Versor Investments LP now owns 16,317 shares of the semiconductor company’s stock worth $845,000 after acquiring an additional 4,728 shares during the last quarter. Ziegler Capital Management LLC grew its holdings in MACOM Technology Solutions by 13.0% during the 3rd quarter. Ziegler Capital Management LLC now owns 218,595 shares of the semiconductor company’s stock worth $11,321,000 after acquiring an additional 25,076 shares during the last quarter. Texas Permanent School Fund bought a new stake in MACOM Technology Solutions during the 3rd quarter worth approximately $1,903,000. Raymond James & Associates lifted its position in shares of MACOM Technology Solutions by 34.3% in the 3rd quarter. Raymond James & Associates now owns 10,950 shares of the semiconductor company’s stock worth $567,000 after purchasing an additional 2,797 shares during the period. Finally, Xponance Inc. acquired a new position in shares of MACOM Technology Solutions in the 3rd quarter worth approximately $410,000. 74.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other MACOM Technology Solutions news, SVP Robert Dennehy sold 6,500 shares of the company’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $59.90, for a total transaction of $389,350.00. Following the transaction, the senior vice president now owns 80,516 shares in the company, valued at $4,822,908.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Stephen G. Daly sold 50,000 shares of the company’s stock in a transaction on Friday, November 4th. The shares were sold at an average price of $64.50, for a total value of $3,225,000.00. Following the completion of the sale, the chief executive officer now owns 482,194 shares in the company, valued at approximately $31,101,513. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Robert Dennehy sold 6,500 shares of the company’s stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $59.90, for a total transaction of $389,350.00. Following the completion of the sale, the senior vice president now owns 80,516 shares of the company’s stock, valued at approximately $4,822,908.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 785,650 shares of company stock worth $53,191,051. Insiders own 28.30% of the company’s stock.

MACOM Technology Solutions Stock Up 1.3 %

MACOM Technology Solutions stock opened at $62.48 on Friday. The company has a quick ratio of 7.18, a current ratio of 8.36 and a debt-to-equity ratio of 0.71. The firm’s fifty day moving average is $65.93 and its 200 day moving average is $59.38. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $42.85 and a 12-month high of $72.64. The company has a market capitalization of $4.42 billion, a PE ratio of 10.11, a PEG ratio of 2.18 and a beta of 1.96.

MACOM Technology Solutions (NASDAQ:MTSIGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The semiconductor company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. MACOM Technology Solutions had a net margin of 65.16% and a return on equity of 25.35%. The firm had revenue of $178.14 million for the quarter, compared to the consensus estimate of $177.11 million. As a group, sell-side analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MTSI has been the topic of a number of recent analyst reports. Craig Hallum downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating and dropped their price target for the stock from $73.00 to $65.00 in a research report on Wednesday, January 11th. Needham & Company LLC boosted their price target on shares of MACOM Technology Solutions from $62.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, November 4th. Benchmark downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research report on Monday, November 7th. Finally, StockNews.com downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $67.56.

MACOM Technology Solutions Profile

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MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Taiwan, Japan, Singapore, Thailand, South Korea, Australia, Malaysia, and internationally.

Further Reading

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

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