Ameritas Investment Partners Inc. Trims Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Ameritas Investment Partners Inc. lessened its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 18.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,156 shares of the semiconductor company’s stock after selling 5,934 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in MACOM Technology Solutions were worth $2,916,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. CWM LLC grew its position in shares of 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. TD Asset Management Inc boosted its stake in MACOM Technology Solutions by 0.6% during the 2nd quarter. TD Asset Management Inc now owns 39,244 shares of the semiconductor company’s stock worth $4,375,000 after purchasing an additional 244 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in MACOM Technology Solutions by 2.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,470 shares of the semiconductor company’s stock worth $1,390,000 after purchasing an additional 273 shares during the last quarter. GAMMA Investing LLC increased its stake in MACOM Technology Solutions by 153.0% in the second quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 283 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of MACOM Technology Solutions by 1.8% in the second quarter. Arizona State Retirement System now owns 16,141 shares of the semiconductor company’s stock valued at $1,799,000 after buying an additional 292 shares during the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

MACOM Technology Solutions Stock Performance

NASDAQ:MTSI opened at $103.70 on Friday. The firm’s fifty day simple moving average is $102.78 and its 200-day simple moving average is $102.12. The company has a quick ratio of 6.33, a current ratio of 8.18 and a debt-to-equity ratio of 0.45. The stock has a market cap of $7.48 billion, a PE ratio of 117.84, a price-to-earnings-growth ratio of 5.18 and a beta of 1.70. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $68.58 and a fifty-two week high of $118.76.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on MTSI. Barclays boosted their price target on MACOM Technology Solutions from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Stifel Nicolaus boosted 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. Needham & Company LLC increased 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. JPMorgan Chase & Co. boosted their price objective on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Benchmark restated a “buy” rating and issued a $120.00 target price on shares of MACOM Technology Solutions in a research note on Thursday, September 12th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.00.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 5,000 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $106.25, for a total transaction of $531,250.00. Following the sale, the senior vice president now directly owns 41,523 shares in the company, valued at $4,411,818.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 5,000 shares of MACOM Technology Solutions 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 completion of the transaction, the senior vice president now owns 41,523 shares in the company, valued at $4,411,818.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stephen G. Daly sold 21,012 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $109.40, for a total transaction of $2,298,712.80. Following the completion of the sale, the chief executive officer now owns 64,472 shares in the company, valued at $7,053,236.80. The disclosure for this sale can be found here. Insiders sold 659,861 shares of company stock valued at $69,961,783 in the last ninety days. Corporate insiders own 22.75% of the company’s stock.

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.