Morgan Stanley cut its stake in shares of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) by 17.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 82,750 shares of the semiconductor company’s stock after selling 17,315 shares during the period. Morgan Stanley owned approximately 0.13% of MACOM Technology Solutions worth $1,704,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in shares of MACOM Technology Solutions by 23.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 349,893 shares of the semiconductor company’s stock worth $8,061,000 after acquiring an additional 66,627 shares in the last quarter. First Trust Advisors LP bought a new position in shares of MACOM Technology Solutions in the 3rd quarter worth about $544,000. Russell Investments Group Ltd. raised its position in shares of MACOM Technology Solutions by 36.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 157,970 shares of the semiconductor company’s stock worth $3,253,000 after acquiring an additional 42,145 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of MACOM Technology Solutions by 15.4% in the 3rd quarter. Wells Fargo & Company MN now owns 560,972 shares of the semiconductor company’s stock worth $11,556,000 after acquiring an additional 74,950 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of MACOM Technology Solutions by 374.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 42,085 shares of the semiconductor company’s stock worth $867,000 after acquiring an additional 33,220 shares in the last quarter. Institutional investors and hedge funds own 76.21% of the company’s stock.

Shares of MACOM Technology Solutions stock opened at $19.34 on Friday. MACOM Technology Solutions Holdings Inc has a one year low of $13.07 and a one year high of $25.92. The stock has a market capitalization of $1.21 billion, a P/E ratio of 138.14, a PEG ratio of 10.98 and a beta of 2.37. The company has a debt-to-equity ratio of 1.05, a current ratio of 4.93 and a quick ratio of 3.63.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Tuesday, February 5th. The semiconductor company reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. MACOM Technology Solutions had a positive return on equity of 1.78% and a negative net margin of 23.86%. The business had revenue of $150.69 million during the quarter, compared to analyst estimates of $153.14 million. During the same period in the previous year, the company posted $0.10 EPS. The firm’s revenue was up 15.1% compared to the same quarter last year. Analysts expect that MACOM Technology Solutions Holdings Inc will post 0.09 EPS for the current fiscal year.

MTSI has been the subject of several research analyst reports. BidaskClub lowered MACOM Technology Solutions from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Needham & Company LLC lowered their price objective on MACOM Technology Solutions from $27.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, February 6th. Zacks Investment Research raised MACOM Technology Solutions from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Tuesday, December 18th. Craig Hallum lowered MACOM Technology Solutions from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $23.00 to $19.00 in a research report on Wednesday, February 6th. Finally, ValuEngine lowered MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. MACOM Technology Solutions has an average rating of “Hold” and an average target price of $20.09.

In other MACOM Technology Solutions news, insider John Croteau sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $17.08, for a total transaction of $68,320.00. Following the completion of the sale, the insider now directly owns 136,777 shares of the company’s stock, valued at approximately $2,336,151.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Vivek Rajgarhia sold 3,949 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $17.95, for a total value of $70,884.55. Following the sale, the senior vice president now directly owns 91,217 shares of the company’s stock, valued at $1,637,345.15. The disclosure for this sale can be found here. Insiders sold a total of 8,710 shares of company stock valued at $153,816 over the last ninety days. 32.40% of the stock is currently owned by corporate insiders.

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About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and lightwave spectrum products in the United States, China, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, including integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and subsystems for approximately 60 product lines.

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

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