Hood River Capital Management LLC Buys 519,603 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Hood River Capital Management LLC lifted its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 280.5% during the second quarter, Holdings Channel reports. The fund owned 704,834 shares of the semiconductor company’s stock after buying an additional 519,603 shares during the quarter. MACOM Technology Solutions comprises 1.6% of Hood River Capital Management LLC’s investment portfolio, making the stock its 14th largest position. Hood River Capital Management LLC’s holdings in MACOM Technology Solutions were worth $78,568,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC increased its stake in MACOM Technology Solutions by 7.3% in the second quarter. CWM LLC now owns 1,451 shares of the semiconductor company’s stock valued at $162,000 after purchasing an additional 99 shares in the last quarter. TD Asset Management Inc grew its stake in shares of MACOM Technology Solutions by 0.6% in the 2nd quarter. TD Asset Management Inc now owns 39,244 shares of the semiconductor company’s stock valued at $4,375,000 after buying an additional 244 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in MACOM Technology Solutions by 2.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,470 shares of the semiconductor company’s stock valued at $1,390,000 after buying an additional 273 shares in the last quarter. GAMMA Investing LLC raised its stake in MACOM Technology Solutions by 153.0% during the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock worth $52,000 after buying an additional 283 shares during the period. Finally, Arizona State Retirement System boosted its holdings in 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 worth $1,799,000 after acquiring an additional 292 shares in the last quarter. 76.14% of the stock is owned by institutional investors.

MACOM Technology Solutions Trading Down 1.8 %

Shares of MTSI stock opened at $103.70 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.33 and a current ratio of 8.18. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 117.84, a PEG ratio of 5.18 and a beta of 1.70. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $68.58 and a 52-week high of $118.76. The company has a 50-day simple moving average of $102.78 and a two-hundred day simple moving average of $102.17.

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, meeting the consensus estimate of $0.66. The company had revenue of $190.50 million during the quarter, compared to analyst estimates of $190.42 million. MACOM Technology Solutions had a return on equity of 12.59% and a net margin of 10.59%. MACOM Technology Solutions’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. Research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 1.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, SVP Donghyun Thomas Hwang sold 5,000 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, SVP Robert Dennehy sold 6,683 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $106.78, for a total transaction of $713,610.74. Following the transaction, the senior vice president now owns 26,396 shares of the company’s stock, valued at approximately $2,818,564.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $531,250.00. Following the completion of the sale, the senior vice president now directly owns 41,523 shares of the company’s stock, valued at approximately $4,411,818.75. The disclosure for this sale can be found here. Insiders sold a total of 659,861 shares of company stock valued at $69,961,783 in the last ninety days. 22.75% of the stock is currently owned by insiders.

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.