MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Charles R. Bland sold 250 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $45.04, for a total value of $11,260.00. Following the completion of the transaction, the director now owns 23,840 shares of the company’s stock, valued at approximately $1,073,753.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of MACOM Technology Solutions Holdings, Inc. (MTSI) traded up 0.94% during trading on Friday, hitting $43.14. The stock had a trading volume of 298,637 shares. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $35.33 and a 12 month high of $65.99. The company’s market cap is $2.77 billion. The stock has a 50-day moving average price of $43.25 and a 200 day moving average price of $50.75.

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

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Several brokerages have recently weighed in on MTSI. Craig Hallum restated a “buy” rating and set a $54.00 price target on shares of MACOM Technology Solutions Holdings in a report on Tuesday. Zacks Investment Research upgraded MACOM Technology Solutions Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday. BidaskClub downgraded MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Needham & Company LLC restated a “buy” rating and set a $56.00 price target (down from $65.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. Finally, Jefferies Group LLC restated a “buy” rating and set a $61.00 price target (down from $66.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $58.20.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MTSI. Ameriprise Financial Inc. raised its position in shares of 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 acquiring an additional 2,592,080 shares in the last quarter. BlackRock Inc. raised its position in shares of MACOM Technology Solutions Holdings by 108,171.0% in the 1st quarter. BlackRock Inc. now owns 2,052,819 shares of the semiconductor company’s stock worth $99,151,000 after acquiring an additional 2,050,923 shares in the last quarter. Frontier Capital Management Co. LLC raised its position in shares of 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 acquiring an additional 1,816,972 shares in the last quarter. Vanguard Group Inc. raised its position in shares of MACOM Technology Solutions Holdings by 37.0% in the 1st quarter. Vanguard Group Inc. now owns 3,174,795 shares of the semiconductor company’s stock worth $153,343,000 after acquiring an additional 857,449 shares in the last quarter. Finally, Capital Research Global Investors bought a new position in shares of MACOM Technology Solutions Holdings in the 2nd quarter worth $42,368,000. 79.65% of the stock is owned by hedge funds and other institutional investors.

MACOM Technology Solutions Holdings Company Profile

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.

Insider Buying and Selling by Quarter for MACOM Technology Solutions Holdings (NASDAQ:MTSI)

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