The Parametric Portfolio Associates LLC Has $1.71 Million Position in MACOM Technology Solutions Holdings, Inc. (MTSI)

The Parametric Portfolio Associates LLC Has $1.71 Million Position in MACOM Technology Solutions Holdings, Inc. (MTSI)

Other large investors also recently made changes to their positions in the company. First Mercantile Trust Co. boosted its stake in shares of MACOM Technology Solutions Holdings by 24.2% in the first quarter. First Mercantile Trust Co. now owns 2,372 shares of the semiconductor company’s stock worth $115,000 after buying an additional 462 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of MACOM Technology Solutions Holdings by 96.4% in the first quarter. Great West Life Assurance Co. Can now owns 4,713 shares of the semiconductor company’s stock worth $227,000 after buying an additional 2,313 shares during the period. Tocqueville Asset Management L.P. bought a new stake in shares of MACOM Technology Solutions Holdings during the first quarter worth approximately $242,000. US Bancorp DE boosted its stake in shares of MACOM Technology Solutions Holdings by 6.6% in the first quarter. US Bancorp DE now owns 6,479 shares of the semiconductor company’s stock worth $312,000 after buying an additional 402 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of MACOM Technology Solutions Holdings by 1.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 6,845 shares of the semiconductor company’s stock worth $317,000 after buying an additional 120 shares during the period. 72.86% of the stock is owned by institutional investors and hedge funds.

Parametric Portfolio Associates LLC increased its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 17.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 35,407 shares of the semiconductor company’s stock after buying an additional 5,275 shares during the period. Parametric Portfolio Associates LLC owned about 0.06% of MACOM Technology Solutions Holdings worth $1,710,000 at the end of the most recent reporting period.

MACOM Technology Solutions Holdings, Inc. (NASDAQ MTSI) traded down 25.48% on Wednesday, hitting $45.50. The stock had a trading volume of 7,271,364 shares. The company has a 50-day moving average price of $59.01 and a 200-day moving average price of $52.17. The stock’s market capitalization is $2.90 billion. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $35.33 and a 52 week high of $65.99.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last posted its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $0.01. MACOM Technology Solutions Holdings had a positive return on equity of 17.86% and a negative net margin of 16.35%. The business had revenue of $194.56 million during the quarter, compared to the consensus estimate of $194.93 million. During the same period last year, the business posted $0.51 earnings per share. The business’s revenue was up 36.7% on a year-over-year basis. Equities research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post $2.66 earnings per share for the current fiscal year.

A number of research analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $56.00 target price (down from $65.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday. BidaskClub cut MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research note on Monday. Barclays PLC reissued an “overweight” rating and issued a $63.00 target price (down from $70.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday. Jefferies Group LLC reissued a “buy” rating and issued a $61.00 target price (down from $66.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $64.00 target price on shares of MACOM Technology Solutions Holdings in a research note on Friday, July 14th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. MACOM Technology Solutions Holdings currently has a consensus rating of “Buy” and an average target price of $55.50.

In other news, SVP Robert Dennehy sold 17,055 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $56.13, for a total value of $957,297.15. Following the completion of the sale, the senior vice president now directly owns 51,197 shares in the company, valued at approximately $2,873,687.61. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Robert Mcmullan sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $56.24, for a total value of $1,687,200.00. Following the completion of the sale, the chief financial officer now owns 64,506 shares of the company’s stock, valued at $3,627,817.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 492,205 shares of company stock valued at $28,546,070. 57.10% of the stock is currently owned by company insiders.

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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