California Public Employees Retirement System purchased a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 22,478 shares of the semiconductor company’s stock, valued at approximately $1,086,000.

A number of other large investors have also recently modified their holdings of MTSI. Guggenheim Capital LLC raised its stake in MACOM Technology Solutions Holdings by 23.2% in the fourth quarter. Guggenheim Capital LLC now owns 14,865 shares of the semiconductor company’s stock worth $688,000 after buying an additional 2,801 shares during the period. AQR Capital Management LLC raised its stake in MACOM Technology Solutions Holdings by 2.6% in the fourth quarter. AQR Capital Management LLC now owns 17,601 shares of the semiconductor company’s stock worth $815,000 after buying an additional 450 shares during the period. Norges Bank bought a new stake in MACOM Technology Solutions Holdings during the fourth quarter worth $1,413,000. Teachers Advisors LLC raised its stake in MACOM Technology Solutions Holdings by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 38,028 shares of the semiconductor company’s stock worth $1,760,000 after buying an additional 530 shares during the period. Finally, Macquarie Group Ltd. raised its stake in MACOM Technology Solutions Holdings by 7.5% in the fourth quarter. Macquarie Group Ltd. now owns 360,838 shares of the semiconductor company’s stock worth $16,700,000 after buying an additional 25,135 shares during the period. 72.99% of the stock is owned by hedge funds and other institutional investors.

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) traded down 0.51% during midday trading on Friday, hitting $40.76. The stock had a trading volume of 742,781 shares. The stock’s 50-day moving average is $55.85 and its 200-day moving average is $51.80. The company’s market capitalization is $2.62 billion. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $35.33 and a 1-year high of $65.99.

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

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A number of equities research analysts have recently weighed in on MTSI shares. Needham & Company LLC boosted their target price on MACOM Technology Solutions Holdings from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, June 26th. Stifel Nicolaus lowered their target price 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. BidaskClub lowered MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Jefferies Group LLC reissued a “buy” rating and issued a $66.00 target price on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, May 17th. Finally, Barclays PLC reissued an “overweight” rating and issued a $63.00 target price (down previously from $70.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $55.50.

In other MACOM Technology Solutions Holdings news, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Charles R. Bland sold 750 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $60.73, for a total transaction of $45,547.50. Following the completion of 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 ninety days, insiders sold 495,205 shares of company stock valued at $28,724,537. 42.30% of the stock is owned by 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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Institutional Ownership by Quarter for MACOM Technology Solutions Holdings (NASDAQ:MTSI)

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