MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC reduced its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 20.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,011 shares of the semiconductor company’s stock after selling 2,622 shares during the quarter. ProShare Advisors LLC’s holdings in MACOM Technology Solutions were worth $1,116,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in MACOM Technology Solutions by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock valued at $592,395,000 after buying an additional 465,759 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of MACOM Technology Solutions by 12.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company’s stock valued at $132,821,000 after acquiring an additional 154,066 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of MACOM Technology Solutions by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 993,316 shares of the semiconductor company’s stock worth $110,722,000 after acquiring an additional 69,689 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of MACOM Technology Solutions by 4.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 539,249 shares of the semiconductor company’s stock worth $50,123,000 after acquiring an additional 23,788 shares during the period. Finally, Sei Investments Co. raised its holdings in MACOM Technology Solutions by 5.6% during the second quarter. Sei Investments Co. now owns 314,174 shares of the semiconductor company’s stock worth $35,021,000 after purchasing an additional 16,559 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on MTSI. Barclays raised their target price on MACOM Technology Solutions from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. upped their price target on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Benchmark reaffirmed a “buy” rating and set a $120.00 price objective on shares of MACOM Technology Solutions in a report on Thursday, September 12th. Stifel Nicolaus upped their target price on MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, Needham & Company LLC raised their price target on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.00.

Insiders Place Their Bets

In other news, SVP Donghyun Thomas Hwang sold 5,000 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $106.25, for a total transaction of $531,250.00. Following the transaction, the senior vice president now directly owns 41,523 shares in the company, valued at approximately $4,411,818.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other MACOM Technology Solutions news, SVP Robert Dennehy sold 6,915 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $101.38, for a total transaction of $701,042.70. Following the completion of the sale, the senior vice president now owns 19,481 shares of the company’s stock, valued at $1,974,983.78. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $106.25, for a total value of $531,250.00. Following the completion of the transaction, the senior vice president now owns 41,523 shares in the company, valued at $4,411,818.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 659,861 shares of company stock valued at $69,961,783. Insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Stock Performance

Shares of MTSI opened at $111.52 on Friday. The company has a market capitalization of $8.04 billion, a price-to-earnings ratio of 126.73, a PEG ratio of 5.46 and a beta of 1.70. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.33 and a current ratio of 8.18. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $68.58 and a 1 year high of $118.76. The company’s 50 day simple moving average is $102.71 and its 200 day simple moving average is $102.62.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.66. The company had revenue of $190.50 million for the quarter, compared to analyst estimates of $190.42 million. MACOM Technology Solutions had a return on equity of 12.59% and a net margin of 10.59%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.42 EPS. On average, sell-side analysts predict that MACOM Technology Solutions Holdings, Inc. will post 1.89 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.