Comerica Bank Takes Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Comerica Bank purchased a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSIGet Rating) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 22,888 shares of the semiconductor company’s stock, valued at approximately $1,247,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MTSI. Raymond James & Associates purchased a new stake in shares of MACOM Technology Solutions during the 1st quarter valued at about $354,000. MetLife Investment Management LLC increased its holdings in MACOM Technology Solutions by 55.9% in the 1st quarter. MetLife Investment Management LLC now owns 26,105 shares of the semiconductor company’s stock worth $1,563,000 after acquiring an additional 9,357 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in MACOM Technology Solutions by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 648,503 shares of the semiconductor company’s stock worth $38,827,000 after acquiring an additional 13,293 shares in the last quarter. Sei Investments Co. increased its holdings in MACOM Technology Solutions by 11.2% in the 1st quarter. Sei Investments Co. now owns 261,479 shares of the semiconductor company’s stock worth $15,602,000 after acquiring an additional 26,291 shares in the last quarter. Finally, Covestor Ltd increased its holdings in MACOM Technology Solutions by 97.7% in the 1st quarter. Covestor Ltd now owns 1,621 shares of the semiconductor company’s stock worth $97,000 after acquiring an additional 801 shares in the last quarter. Hedge funds and other institutional investors own 74.93% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MTSI shares. Benchmark lowered shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report on Monday, November 7th. Needham & Company LLC increased their price objective on shares of MACOM Technology Solutions from $62.00 to $68.00 and gave the company a “buy” rating in a report on Friday, November 4th. Craig Hallum lowered shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating and cut their price objective for the company from $73.00 to $65.00 in a report on Wednesday, January 11th. Finally, StockNews.com lowered shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report on Thursday, October 20th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $67.56.

Insider Activity

In other news, Director John L. Ocampo sold 5,000 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $71.67, for a total transaction of $358,350.00. Following the completion of the transaction, the director now directly owns 8,270,963 shares in the company, valued at approximately $592,779,918.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director John L. Ocampo sold 5,000 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $71.67, for a total value of $358,350.00. Following the completion of the sale, the director now directly owns 8,270,963 shares in the company, valued at $592,779,918.21. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Robert Dennehy sold 3,250 shares of the firm’s stock in a transaction on Wednesday, January 18th. The stock was sold at an average price of $66.27, for a total value of $215,377.50. Following the completion of the sale, the senior vice president now owns 58,949 shares of the company’s stock, valued at $3,906,550.23. The disclosure for this sale can be found here. In the last ninety days, insiders sold 785,650 shares of company stock worth $53,191,051. 24.00% of the stock is currently owned by insiders.

MACOM Technology Solutions Stock Up 5.6 %

NASDAQ MTSI opened at $65.99 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.18 and a current ratio of 8.36. The company has a market capitalization of $4.67 billion, a P/E ratio of 10.68, a P/E/G ratio of 2.12 and a beta of 1.96. MACOM Technology Solutions Holdings, Inc. has a one year low of $42.85 and a one year high of $72.64. The stock has a 50 day moving average price of $65.84 and a 200-day moving average price of $59.62.

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

About MACOM Technology Solutions

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MACOM Technology Solutions Holdings, Inc engages in designing, developing, manufacturing, and marketing semiconductors and modules. The firm is involved in the provision of products for telecommunications (Telecom), industrial and defense (I&D), and data center industries. The company was founded on March 25, 2009 and is headquartered in Lowell, MA.

See Also

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

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