Hsbc Holdings PLC Has $474,000 Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Hsbc Holdings PLC increased its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 36.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,230 shares of the semiconductor company’s stock after purchasing an additional 1,138 shares during the quarter. Hsbc Holdings PLC’s holdings in MACOM Technology Solutions were worth $474,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in MTSI. Vanguard Group Inc. lifted its holdings in shares of MACOM Technology Solutions by 8.1% during the first quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock worth $592,395,000 after buying an additional 465,759 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in MACOM Technology Solutions by 12.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company’s stock worth $132,821,000 after acquiring an additional 154,066 shares during the period. Dimensional Fund Advisors LP raised its stake in MACOM Technology Solutions by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 993,316 shares of the semiconductor company’s stock worth $110,722,000 after purchasing an additional 69,689 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in MACOM Technology Solutions by 4.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 539,249 shares of the semiconductor company’s stock worth $50,123,000 after purchasing an additional 23,788 shares in the last quarter. Finally, TimesSquare Capital Management LLC boosted its holdings in MACOM Technology Solutions by 2.9% in the 1st quarter. TimesSquare Capital Management LLC now owns 303,032 shares of the semiconductor company’s stock valued at $28,982,000 after purchasing an additional 8,567 shares during the period. 76.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MTSI has been the topic of several recent research reports. Stifel Nicolaus raised 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. Needham & Company LLC lifted their price objective on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. increased their target price on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Barclays boosted their price target on MACOM Technology Solutions from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Benchmark reiterated a “buy” rating and set a $120.00 price objective on shares of MACOM Technology Solutions in a research note on Thursday, September 12th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, MACOM Technology Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $117.00.

MACOM Technology Solutions Stock Down 3.8 %

Shares of NASDAQ MTSI opened at $107.00 on Wednesday. The stock has a 50-day moving average price of $102.80 and a two-hundred day moving average price of $102.85. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $68.58 and a 12 month high of $118.76. The company has a current ratio of 8.18, a quick ratio of 6.33 and a debt-to-equity ratio of 0.45. The company has a market cap of $7.72 billion, a price-to-earnings ratio of 121.59, a PEG ratio of 5.46 and a beta of 1.70.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data 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 net margin of 10.59% and a return on equity of 12.59%. The business had revenue of $190.50 million during the quarter, compared to analysts’ expectations of $190.42 million. During the same period in the prior year, the company earned $0.42 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Donghyun Thomas Hwang sold 5,000 shares of the business’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 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Donghyun Thomas Hwang sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $106.25, for a total value of $531,250.00. Following the sale, the senior vice president now directly owns 41,523 shares in the company, valued at $4,411,818.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert Dennehy sold 6,915 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $101.38, for a total transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 659,861 shares of company stock worth $69,961,783. Insiders own 22.75% of the company’s stock.

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.