MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 22.2% during the second quarter, HoldingsChannel reports. The fund owned 629,413 shares of the semiconductor company’s stock after selling 179,663 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in MACOM Technology Solutions were worth $70,161,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MTSI. Opal Wealth Advisors LLC bought a new position in shares of MACOM Technology Solutions during the second quarter worth about $39,000. GAMMA Investing LLC lifted its holdings 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 last quarter. Riverview Trust Co acquired a new position in shares of MACOM Technology Solutions in the 1st quarter worth approximately $47,000. FSC Wealth Advisors LLC bought a new stake in shares of MACOM Technology Solutions in the 2nd quarter valued at approximately $78,000. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of MACOM Technology Solutions during the 1st quarter valued at approximately $77,000. 76.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

MACOM Technology Solutions Trading Down 1.5 %

MACOM Technology Solutions stock opened at $111.52 on Friday. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $68.58 and a 12-month high of $118.76. The stock has a market capitalization of $8.04 billion, a PE ratio of 126.73, a price-to-earnings-growth ratio of 5.46 and a beta of 1.70. The firm has a 50 day simple moving average of $102.71 and a 200-day simple moving average of $102.62. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.18 and a quick ratio of 6.33.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly 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. MACOM Technology Solutions had a return on equity of 12.59% and a net margin of 10.59%. The company had revenue of $190.50 million for the quarter, compared to analysts’ expectations of $190.42 million. During the same period last year, the firm earned $0.42 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 1.89 EPS for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In other news, SVP Donghyun Thomas Hwang sold 5,000 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $106.25, for a total value of $531,250.00. Following the transaction, the senior vice president now owns 41,523 shares of the company’s stock, valued at approximately $4,411,818.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Donghyun Thomas Hwang sold 5,000 shares of the firm’s stock in a transaction on 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 sale, the senior vice president now directly owns 41,523 shares of the company’s stock, valued at approximately $4,411,818.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Robert Dennehy sold 6,683 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $106.78, for a total value of $713,610.74. Following the sale, the senior vice president now directly owns 26,396 shares in the company, valued at $2,818,564.88. The disclosure for this sale can be found here. In the last three months, insiders sold 659,861 shares of company stock valued at $69,961,783. 22.75% of the stock is owned by 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.