Raymond James & Associates Decreases Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Raymond James & Associates cut its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,993 shares of the semiconductor company’s stock after selling 825 shares during the quarter. Raymond James & Associates owned 0.05% of MACOM Technology Solutions worth $4,124,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MTSI. Opal Wealth Advisors LLC purchased a new position in shares of MACOM Technology Solutions during the second quarter worth approximately $39,000. Riverview Trust Co purchased a new position in shares of MACOM Technology Solutions during the first quarter worth approximately $47,000. GAMMA Investing LLC raised its stake in shares of 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 in the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of MACOM Technology Solutions during the first quarter worth approximately $77,000. Finally, FSC Wealth Advisors LLC purchased a new position in shares of MACOM Technology Solutions during the second quarter worth approximately $78,000. 76.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on MTSI shares. Stifel Nicolaus lifted their target price 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. Barclays lifted their target price on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $135.00 target price (up from $100.00) on shares of MACOM Technology Solutions in a research note on Monday, May 13th. Needham & Company LLC lifted their target price on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Benchmark lifted their target price on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $117.00.

Insider Activity

In other news, SVP Donghyun Thomas Hwang sold 5,000 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $106.25, for a total transaction of $531,250.00. Following the sale, the senior vice president now owns 41,523 shares in the company, valued at approximately $4,411,818.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, SVP Donghyun Thomas Hwang sold 5,000 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $106.25, for a total transaction of $531,250.00. Following the sale, the senior vice president now owns 41,523 shares in the company, valued at approximately $4,411,818.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Susan Ocampo sold 70,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $106.26, for a total transaction of $7,438,200.00. Following the sale, the director now owns 6,826,685 shares in the company, valued at approximately $725,403,548.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 627,559 shares of company stock worth $66,504,534. Corporate insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Stock Down 0.1 %

Shares of MACOM Technology Solutions stock opened at $109.23 on Friday. The company has a current ratio of 8.18, a quick ratio of 5.70 and a debt-to-equity ratio of 0.45. The company’s fifty day simple moving average is $106.12 and its two-hundred day simple moving average is $100.60. The company has a market cap of $7.88 billion, a P/E ratio of 124.13, a PEG ratio of 5.09 and a beta of 1.69. 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 issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (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 business 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 earned $0.42 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. Research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 1.92 EPS for the current year.

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.