Vontobel Holding Ltd. Decreases Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Vontobel Holding Ltd. reduced its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 2.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,211 shares of the semiconductor company’s stock after selling 116 shares during the period. Vontobel Holding Ltd.’s holdings in MACOM Technology Solutions were worth $580,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC increased its position in shares of MACOM Technology Solutions by 958.1% in the second quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock valued at $149,214,000 after buying an additional 1,212,094 shares in the last quarter. Hood River Capital Management LLC increased its holdings in MACOM Technology Solutions by 280.5% during the 2nd quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock valued at $78,568,000 after acquiring an additional 519,603 shares in the last quarter. Vanguard Group Inc. raised its position in 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 acquiring an additional 465,759 shares during the last quarter. F M Investments LLC purchased a new stake in shares of MACOM Technology Solutions in the second quarter valued at about $18,817,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of MACOM Technology Solutions by 12.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company’s stock valued at $132,821,000 after purchasing an additional 154,066 shares during the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other MACOM Technology Solutions news, SVP Robert Dennehy sold 6,915 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $101.38, for a total transaction of $701,042.70. Following the completion of the sale, the senior vice president now owns 19,481 shares of the company’s stock, valued at approximately $1,974,983.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Donghyun Thomas Hwang sold 4,375 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $104.57, for a total value of $457,493.75. Following the transaction, the senior vice president now owns 37,148 shares in the company, valued at approximately $3,884,566.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Robert Dennehy sold 6,915 shares of MACOM Technology Solutions stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $101.38, for a total transaction of $701,042.70. Following the transaction, the senior vice president now directly owns 19,481 shares in the company, valued at approximately $1,974,983.78. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 654,861 shares of company stock valued at $69,430,533. 22.75% of the stock is currently owned by company insiders.

MACOM Technology Solutions Trading Up 0.2 %

NASDAQ MTSI opened at $114.08 on Tuesday. The company has a market cap of $8.23 billion, a P/E ratio of 129.64, a P/E/G ratio of 4.35 and a beta of 1.70. 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 debt-to-equity ratio of 0.45, a current ratio of 8.18 and a quick ratio of 6.33. The company has a 50-day moving average of $106.65 and a 200-day moving average of $104.59.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. The firm had revenue of $190.50 million during the quarter, compared to analyst estimates of $190.42 million. MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. MACOM Technology Solutions’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.42 earnings per share. As a group, equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post 1.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

About MACOM Technology Solutions

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.