Teacher Retirement System of Texas Trims Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Teacher Retirement System of Texas reduced its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 24.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,574 shares of the semiconductor company’s stock after selling 2,516 shares during the quarter. Teacher Retirement System of Texas’ holdings in MACOM Technology Solutions were worth $704,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MTSI. Vanguard Group Inc. lifted its holdings in shares of MACOM Technology Solutions by 1.8% in the third quarter. Vanguard Group Inc. now owns 5,717,763 shares of the semiconductor company’s stock worth $466,455,000 after buying an additional 101,938 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in MACOM Technology Solutions by 29.0% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,128,382 shares of the semiconductor company’s stock valued at $92,053,000 after purchasing an additional 253,396 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of MACOM Technology Solutions by 20.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 515,461 shares of the semiconductor company’s stock valued at $42,051,000 after purchasing an additional 89,191 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of MACOM Technology Solutions by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 448,448 shares of the semiconductor company’s stock worth $41,683,000 after purchasing an additional 7,967 shares during the period. Finally, New York State Common Retirement Fund raised its position in shares of MACOM Technology Solutions by 58.8% in the third quarter. New York State Common Retirement Fund now owns 220,293 shares of the semiconductor company’s stock worth $17,972,000 after buying an additional 81,582 shares in the last quarter. 76.14% of the stock is owned by institutional investors.

Insider Buying and Selling at MACOM Technology Solutions

In other news, Director Charles R. Bland sold 2,500 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $102.39, for a total transaction of $255,975.00. Following the completion of the transaction, the director now directly owns 26,439 shares of the company’s stock, valued at $2,707,089.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Charles R. Bland sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $102.39, for a total transaction of $255,975.00. Following the transaction, the director now directly owns 26,439 shares of the company’s stock, valued at $2,707,089.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO John Kober sold 13,666 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $102.98, for a total value of $1,407,324.68. Following the completion of the sale, the chief financial officer now directly owns 47,006 shares of the company’s stock, valued at approximately $4,840,677.88. The disclosure for this sale can be found here. Insiders sold 464,505 shares of company stock valued at $46,794,658 in the last quarter. Company insiders own 22.75% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on MTSI shares. Craig Hallum boosted their target price on MACOM Technology Solutions from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Stifel Nicolaus lifted their target price on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Evercore ISI initiated coverage on shares of MACOM Technology Solutions in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $120.00 price target for the company. TheStreet cut shares of MACOM Technology Solutions from a “b” rating to a “c+” rating in a research report on Thursday, February 1st. Finally, Needham & Company LLC upped their target price on shares of MACOM Technology Solutions from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, MACOM Technology Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $111.00.

MACOM Technology Solutions Stock Up 0.9 %

MTSI opened at $102.33 on Friday. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $57.47 and a 12 month high of $107.00. The company has a current ratio of 7.34, a quick ratio of 5.70 and a debt-to-equity ratio of 0.47. The business’s 50-day moving average price is $99.43 and its 200-day moving average price is $91.18. The company has a market cap of $7.38 billion, a P/E ratio of 116.28, a P/E/G ratio of 5.16 and a beta of 1.65.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.05). MACOM Technology Solutions had a net margin of 10.01% and a return on equity of 12.67%. The company had revenue of $181.23 million during the quarter, compared to the consensus estimate of $180.97 million. On average, equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 1.93 EPS for the current year.

About MACOM Technology Solutions

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, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.