MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 4.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,535 shares of the semiconductor company’s stock after selling 188 shares during the period. Commonwealth Equity Services LLC’s holdings in MACOM Technology Solutions were worth $506,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. CWM LLC increased its stake in MACOM Technology Solutions by 7.3% during the second quarter. CWM LLC now owns 1,451 shares of the semiconductor company’s stock worth $162,000 after acquiring an additional 99 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in MACOM Technology Solutions by 2.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,470 shares of the semiconductor company’s stock valued at $1,390,000 after acquiring an additional 273 shares during the period. GAMMA Investing LLC increased its position in MACOM Technology Solutions by 153.0% during the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 283 shares during the period. Bridge City Capital LLC increased its position in MACOM Technology Solutions by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 39,416 shares of the semiconductor company’s stock worth $3,770,000 after purchasing an additional 309 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in MACOM Technology Solutions during the 2nd quarter worth approximately $39,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Insider Buying and Selling

In related news, Director Susan Ocampo sold 305,395 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $106.48, for a total value of $32,518,459.60. Following the sale, the director now directly owns 6,550,889 shares of the company’s stock, valued at $697,538,660.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Susan Ocampo sold 305,395 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $106.48, for a total transaction of $32,518,459.60. Following the sale, the director now owns 6,550,889 shares in the company, valued at approximately $697,538,660.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 value of $701,042.70. Following the completion of the transaction, the senior vice president now directly owns 19,481 shares of the company’s stock, valued at approximately $1,974,983.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 659,861 shares of company stock worth $69,961,783. Insiders own 22.75% of the company’s stock.

Analyst Ratings Changes

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

MACOM Technology Solutions Stock Performance

Shares of MTSI stock opened at $103.70 on Friday. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $68.58 and a 52 week high of $118.76. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.33 and a current ratio of 8.18. The company has a 50-day simple moving average of $102.96 and a 200 day simple moving average of $101.97. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 117.84, a PEG ratio of 5.18 and a beta of 1.70.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 EPS for the quarter, meeting 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 net margin of 10.59% and a return on equity of 12.59%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 EPS. On average, sell-side analysts predict that MACOM Technology Solutions Holdings, Inc. will post 1.89 earnings per share for the current year.

MACOM Technology Solutions Company Profile

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.