Vanguard Group Inc. Buys 269,836 Shares of MACOM Technology Solutions Holdings, Inc. (MTSI)

Vanguard Group Inc. increased its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 8.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,444,631 shares of the semiconductor company’s stock after purchasing an additional 269,836 shares during the quarter. Vanguard Group Inc. owned approximately 5.38% of MACOM Technology Solutions Holdings worth $192,107,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its holdings in MACOM Technology Solutions Holdings by 1,136.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,820,161 shares of the semiconductor company’s stock worth $157,274,000 after purchasing an additional 2,592,080 shares during the period. BlackRock Inc. raised its holdings in MACOM Technology Solutions Holdings by 16.7% in the 2nd quarter. BlackRock Inc. now owns 2,394,921 shares of the semiconductor company’s stock worth $133,565,000 after purchasing an additional 342,102 shares during the period. Frontier Capital Management Co. LLC raised its holdings in MACOM Technology Solutions Holdings by 603.9% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,117,831 shares of the semiconductor company’s stock worth $118,111,000 after purchasing an additional 1,816,972 shares during the period. FMR LLC raised its holdings in MACOM Technology Solutions Holdings by 54.5% in the 1st quarter. FMR LLC now owns 1,264,242 shares of the semiconductor company’s stock worth $61,063,000 after purchasing an additional 445,749 shares during the period. Finally, State Street Corp raised its holdings in MACOM Technology Solutions Holdings by 44.6% in the 1st quarter. State Street Corp now owns 817,596 shares of the semiconductor company’s stock worth $39,487,000 after purchasing an additional 252,140 shares during the period. 79.33% of the stock is currently owned by institutional investors.

A number of brokerages recently commented on MTSI. Needham & Company LLC reaffirmed a “buy” rating and issued a $56.00 target price (down from $65.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. Jefferies Group LLC reiterated a “buy” rating and issued a $61.00 price target (down previously from $66.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Stifel Nicolaus cut their price target on MACOM Technology Solutions Holdings from $64.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, August 2nd. Barclays PLC reiterated an “overweight” rating and issued a $63.00 price target (down previously from $70.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Finally, BidaskClub upgraded MACOM Technology Solutions Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $55.40.

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In related news, insider John Croteau sold 2,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $45.20, for a total transaction of $90,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles R. Bland sold 750 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $60.73, for a total transaction of $45,547.50. Following the sale, the director now directly owns 24,390 shares of the company’s stock, valued at approximately $1,481,204.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,892 shares of company stock valued at $1,418,593. Insiders own 57.10% of the company’s stock.

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) opened at 36.585 on Tuesday. The stock’s 50 day moving average price is $43.59 and its 200-day moving average price is $50.72. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $35.33 and a 12 month high of $65.99. The stock’s market cap is $2.35 billion.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last released its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.01). MACOM Technology Solutions Holdings had a positive return on equity of 17.21% and a negative net margin of 22.43%. The company had revenue of $194.56 million for the quarter, compared to analyst estimates of $194.93 million. During the same quarter last year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 36.7% on a year-over-year basis. Equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post $2.33 EPS for the current year.

About MACOM Technology Solutions Holdings

MACOM Technology Solutions Holdings, Inc is a provider of high-performance analog semiconductor solutions that enable Internet applications, the cloud-connected applications economy, and the networked battlefield across the radio frequency (RF), microwave, millimeterwave and photonic spectrum. It has multiple design centers, silicon, gallium arsenide and indium phosphide fabrication, manufacturing, assembly and test, and operational facilities throughout North America, Europe, Asia and Australia.

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Institutional Ownership by Quarter for MACOM Technology Solutions Holdings (NASDAQ:MTSI)

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