Fulton Bank N.A. Sells 188 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Fulton Bank N.A. decreased its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,904 shares of the semiconductor company’s stock after selling 188 shares during the quarter. Fulton Bank N.A.’s holdings in MACOM Technology Solutions were worth $546,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Millennium Management LLC increased its stake in MACOM Technology Solutions by 958.1% during the 2nd quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock valued at $149,214,000 after purchasing an additional 1,212,094 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of MACOM Technology Solutions by 1,533.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,234,684 shares of the semiconductor company’s stock valued at $114,765,000 after buying an additional 1,159,076 shares during the last quarter. Hood River Capital Management LLC increased its position in shares of MACOM Technology Solutions by 280.5% during the second quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock worth $78,568,000 after acquiring an additional 519,603 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of 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 worth $592,395,000 after acquiring an additional 465,759 shares during the last quarter. Finally, F M Investments LLC bought a new position in MACOM Technology Solutions in the 2nd quarter valued at about $18,817,000. 76.14% of the stock is owned by institutional investors and hedge funds.

MACOM Technology Solutions Trading Up 2.7 %

Shares of MTSI stock opened at $112.80 on Wednesday. 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 firm has a market cap of $8.13 billion, a P/E ratio of 128.18, a PEG ratio of 5.46 and a beta of 1.70. The company has a 50 day moving average of $103.90 and a 200-day moving average of $103.51. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $68.58 and a 12-month high of $118.76.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.66. MACOM Technology Solutions had a return on equity of 12.59% and a net margin of 10.59%. The business had revenue of $190.50 million during the quarter, compared to the consensus estimate of $190.42 million. During the same period last year, the business posted $0.42 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Sell-side analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 1.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, SVP Robert Dennehy sold 6,915 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $101.38, for a total value of $701,042.70. Following the sale, the senior vice president now owns 19,481 shares of the company’s stock, valued at $1,974,983.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 stock was 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 of the company’s stock, valued at $4,411,818.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Robert Dennehy sold 6,915 shares of the 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 directly owns 19,481 shares in the company, valued at approximately $1,974,983.78. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 659,861 shares of company stock worth $69,961,783 over the last quarter. 22.75% of the stock is currently owned by company insiders.

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.