MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock Position Cut by Amalgamated Bank

Amalgamated Bank trimmed its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 3.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,796 shares of the semiconductor company’s stock after selling 942 shares during the quarter. Amalgamated Bank’s holdings in MACOM Technology Solutions were worth $3,098,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in MACOM Technology Solutions in the second quarter worth approximately $39,000. Riverview Trust Co bought a new position in MACOM Technology Solutions during the first quarter valued at about $47,000. GAMMA Investing LLC grew its holdings in MACOM Technology Solutions by 153.0% during the second quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock worth $52,000 after acquiring an additional 283 shares during the period. Fidelis Capital Partners LLC bought a new stake in MACOM Technology Solutions in the first quarter worth about $77,000. Finally, FSC Wealth Advisors LLC bought a new stake in MACOM Technology Solutions in the second quarter worth about $78,000. 76.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MACOM Technology Solutions

In related news, SVP Robert Dennehy sold 6,915 shares of MACOM Technology Solutions stock in a transaction on 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 legal filing with the SEC, which is available through the SEC website. In other news, Director Susan Ocampo sold 305,395 shares of the 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 transaction, 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 the SEC website. Also, SVP Robert Dennehy sold 6,915 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $101.38, for a total transaction of $701,042.70. Following the transaction, the senior vice president now owns 19,481 shares in the company, valued at approximately $1,974,983.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 659,861 shares of company stock valued at $69,961,783. 22.75% of the stock is owned by insiders.

MACOM Technology Solutions Trading Up 3.2 %

NASDAQ:MTSI opened at $107.02 on Tuesday. The stock has a market cap of $7.72 billion, a PE ratio of 121.61, 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. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.18 and a quick ratio of 6.33. The stock’s 50-day moving average is $102.65 and its two-hundred day moving average is $102.23.

MACOM Technology Solutions (NASDAQ:MTSI) last announced 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. MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. The firm had revenue of $190.50 million for the quarter, compared to the consensus estimate of $190.42 million. During the same period in the previous year, the firm posted $0.42 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. As a group, equities research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 1.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MTSI. Stifel Nicolaus lifted their price objective on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Benchmark restated a “buy” rating and issued a $120.00 price target on shares of MACOM Technology Solutions in a research report on Thursday, September 12th. JPMorgan Chase & Co. boosted their target price on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Needham & Company LLC increased 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. Finally, Barclays boosted their price objective on MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $117.00.

MACOM Technology Solutions 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.