Arizona State Retirement System Acquires 211 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Arizona State Retirement System raised its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSIGet Rating) by 1.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,172 shares of the semiconductor company’s stock after purchasing an additional 211 shares during the quarter. Arizona State Retirement System’s holdings in MACOM Technology Solutions were worth $789,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Hilton Capital Management LLC raised its position in MACOM Technology Solutions by 4.9% in the 4th quarter. Hilton Capital Management LLC now owns 3,805 shares of the semiconductor company’s stock valued at $298,000 after purchasing an additional 177 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of MACOM Technology Solutions by 0.4% during the fourth quarter. Allianz Asset Management GmbH now owns 50,031 shares of the semiconductor company’s stock worth $3,917,000 after acquiring an additional 178 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of MACOM Technology Solutions by 1.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,437 shares of the semiconductor company’s stock worth $817,000 after acquiring an additional 196 shares during the last quarter. Rhumbline Advisers raised its position in shares of MACOM Technology Solutions by 0.4% during the fourth quarter. Rhumbline Advisers now owns 54,093 shares of the semiconductor company’s stock worth $4,235,000 after acquiring an additional 225 shares during the last quarter. Finally, CWM LLC raised its position in shares of MACOM Technology Solutions by 55.9% during the first quarter. CWM LLC now owns 664 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 238 shares during the last quarter. Institutional investors own 97.56% of the company’s stock.

MACOM Technology Solutions Stock Up 1.7 %

NASDAQ:MTSI opened at $58.92 on Wednesday. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $42.85 and a 1 year high of $80.30. The company has a current ratio of 7.55, a quick ratio of 6.46 and a debt-to-equity ratio of 1.01. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 1.62 and a beta of 2.03. The stock has a 50-day moving average price of $50.23 and a two-hundred day moving average price of $54.72.

MACOM Technology Solutions (NASDAQ:MTSIGet Rating) last posted its earnings results on Thursday, July 28th. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. MACOM Technology Solutions had a return on equity of 27.65% and a net margin of 33.38%. The firm had revenue of $172.30 million during the quarter, compared to analysts’ expectations of $170.04 million. During the same period in the previous year, the firm earned $0.44 earnings per share. The company’s revenue was up 12.9% on a year-over-year basis. As a group, equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.21 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MTSI. Northland Securities dropped their target price on MACOM Technology Solutions from $75.00 to $70.00 in a research report on Friday, July 29th. Barclays dropped their target price on MACOM Technology Solutions from $75.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, July 25th. Cowen boosted their target price on MACOM Technology Solutions from $55.00 to $68.00 in a research report on Friday, July 29th. Jefferies Financial Group upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research report on Friday, April 29th. Finally, Needham & Company LLC lifted their price objective on MACOM Technology Solutions from $57.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, MACOM Technology Solutions has an average rating of “Buy” and a consensus price target of $70.64.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, CFO John Kober sold 4,182 shares of the business’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $52.74, for a total value of $220,558.68. Following the completion of the transaction, the chief financial officer now directly owns 77,471 shares of the company’s stock, valued at $4,085,820.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO John Kober sold 4,182 shares of the company’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $52.74, for a total transaction of $220,558.68. Following the completion of the transaction, the chief financial officer now directly owns 77,471 shares of the company’s stock, valued at $4,085,820.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Ambra R. Roth sold 6,903 shares of the company’s stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $50.00, for a total value of $345,150.00. Following the transaction, the senior vice president now directly owns 23,681 shares of the company’s stock, valued at $1,184,050. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,085 shares of company stock valued at $872,069. Company insiders own 28.30% of the company’s stock.

About MACOM Technology Solutions

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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, the Asia Pacific, and internationally.

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Institutional Ownership by Quarter for MACOM Technology Solutions (NASDAQ:MTSI)

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