Schroder Investment Management Group Reduces Holdings in MACOM Technology Solutions Holdings, Inc. (MTSI)

Schroder Investment Management Group trimmed its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 3.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 464,120 shares of the semiconductor company’s stock after selling 15,295 shares during the period. Schroder Investment Management Group owned 0.72% of MACOM Technology Solutions worth $20,612,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Eagle Asset Management Inc. raised its holdings in shares of MACOM Technology Solutions by 41.5% during the third quarter. Eagle Asset Management Inc. now owns 286,898 shares of the semiconductor company’s stock worth $13,048,000 after purchasing an additional 84,092 shares during the period. Nordea Investment Management AB increased its holdings in shares of MACOM Technology Solutions by 44.0% in the 3rd quarter. Nordea Investment Management AB now owns 45,076 shares of the semiconductor company’s stock worth $2,011,000 after acquiring an additional 13,770 shares during the period. TD Asset Management Inc. increased its holdings in shares of MACOM Technology Solutions by 21.0% in the 3rd quarter. TD Asset Management Inc. now owns 14,400 shares of the semiconductor company’s stock worth $642,000 after acquiring an additional 2,500 shares during the period. American International Group Inc. increased its holdings in shares of MACOM Technology Solutions by 8.1% in the 3rd quarter. American International Group Inc. now owns 27,197 shares of the semiconductor company’s stock worth $1,213,000 after acquiring an additional 2,033 shares during the period. Finally, Stephens Investment Management Group LLC increased its holdings in shares of MACOM Technology Solutions by 26.1% in the 3rd quarter. Stephens Investment Management Group LLC now owns 333,370 shares of the semiconductor company’s stock worth $14,872,000 after acquiring an additional 69,059 shares during the period. 88.18% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on the stock. Bank of America cut shares of MACOM Technology Solutions from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 15th. Craig Hallum reaffirmed a “buy” rating and issued a $54.00 price objective on shares of MACOM Technology Solutions in a report on Tuesday, October 3rd. dropped their price objective on shares of MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, November 15th. Zacks Investment Research cut shares of MACOM Technology Solutions from a “hold” rating to a “strong sell” rating in a report on Thursday, October 19th. Finally, dropped their price objective on shares of MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $42.10.

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) opened at $32.39 on Tuesday. The company has a market cap of $2,073.79, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.59 and a beta of 1.31. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.64 and a current ratio of 4.81. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $29.73 and a 52 week high of $65.99.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01). The company had revenue of $166.40 million for the quarter, compared to analyst estimates of $171.80 million. MACOM Technology Solutions had a negative net margin of 24.26% and a positive return on equity of 15.05%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 EPS. equities research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 0.95 earnings per share for the current year.

In other MACOM Technology Solutions news, insider John Croteau sold 2,000 shares of the firm’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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 3,000 shares of company stock worth $133,190. 57.10% of the stock is owned by corporate insiders.

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About MACOM Technology Solutions

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.

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

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