MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) was the target of unusually large options trading on Thursday. Traders bought 766 put options on the company. This is an increase of approximately Infinity compared to the typical volume of 0 put options.

In other MACOM Technology Solutions Holdings news, Director Geoffrey G. Ribar bought 5,000 shares of MACOM Technology Solutions Holdings stock in a transaction on Monday, August 28th. The stock was acquired at an average price of $43.37 per share, with a total value of $216,850.00. Following the acquisition, the director now owns 11,063 shares in the company, valued at $479,802.31. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider John Croteau sold 2,000 shares of MACOM Technology Solutions Holdings stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $45.20, for a total value of $90,400.00. The disclosure for this sale can be found here. In the last three months, insiders sold 5,500 shares of company stock valued at $247,340. Corporate insiders own 42.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royce & Associates LP lifted its position in MACOM Technology Solutions Holdings by 20.3% during the second quarter. Royce & Associates LP now owns 103,500 shares of the semiconductor company’s stock valued at $5,772,000 after purchasing an additional 17,500 shares in the last quarter. Amalgamated Bank purchased a new position in MACOM Technology Solutions Holdings during the second quarter valued at $293,000. TD Asset Management Inc. lifted its position in MACOM Technology Solutions Holdings by 9.2% during the second quarter. TD Asset Management Inc. now owns 11,900 shares of the semiconductor company’s stock valued at $664,000 after purchasing an additional 1,000 shares in the last quarter. Legal & General Group Plc lifted its position in MACOM Technology Solutions Holdings by 30.3% during the second quarter. Legal & General Group Plc now owns 15,044 shares of the semiconductor company’s stock valued at $839,000 after purchasing an additional 3,498 shares in the last quarter. Finally, AXA lifted its position in MACOM Technology Solutions Holdings by 16.7% during the second quarter. AXA now owns 63,000 shares of the semiconductor company’s stock valued at $3,514,000 after purchasing an additional 9,000 shares in the last quarter. Institutional investors own 87.91% of the company’s stock.

MACOM Technology Solutions Holdings (MTSI) opened at $32.85 on Friday. The firm has a market capitalization of $2,030.00, a price-to-earnings ratio of 21.53, a P/E/G ratio of 0.98 and a beta of 1.40. The company has a current ratio of 5.61, a quick ratio of 4.42 and a debt-to-equity ratio of 0.87. MACOM Technology Solutions Holdings has a 52-week low of $29.73 and a 52-week high of $65.99.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last released its earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share 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 analysts’ expectations of $171.80 million. MACOM Technology Solutions Holdings had a negative net margin of 24.26% and a positive return on equity of 15.58%. MACOM Technology Solutions Holdings’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. equities analysts anticipate that MACOM Technology Solutions Holdings will post 1.87 EPS for the current fiscal year.

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

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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.

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