Montag & Caldwell LLC decreased its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 50.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,830 shares of the semiconductor company’s stock after selling 11,171 shares during the period. Montag & Caldwell LLC’s holdings in MACOM Technology Solutions Holdings were worth $604,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Strs Ohio purchased a new stake in MACOM Technology Solutions Holdings during the second quarter worth $105,000. First Mercantile Trust Co. increased its stake in 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. Oppenheimer Asset Management Inc. purchased a new stake in MACOM Technology Solutions Holdings during the first quarter worth $116,000. Fifth Third Bancorp increased its stake in MACOM Technology Solutions Holdings by 7.9% in the first quarter. Fifth Third Bancorp now owns 2,590 shares of the semiconductor company’s stock worth $125,000 after buying an additional 189 shares during the period. Finally, Ameritas Investment Partners Inc. purchased a new stake in MACOM Technology Solutions Holdings during the first quarter worth $130,000. 72.99% of the stock is owned by institutional investors.

Shares of MACOM Technology Solutions Holdings, Inc. (MTSI) traded up 1.29% on Friday, hitting $41.50. The company had a trading volume of 61,870 shares. The firm’s market capitalization is $2.67 billion. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $35.33 and a 12-month high of $65.99. The firm has a 50 day moving average of $56.30 and a 200-day moving average of $51.85.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last issued its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 EPS for the quarter, missing the 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 company had revenue of $194.56 million for the quarter, compared to analyst estimates of $194.93 million. During the same period last year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was up 36.7% on a year-over-year basis. On average, equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post $2.33 EPS for the current year.

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A number of research firms have recently weighed in on MTSI. BidaskClub downgraded MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $56.00 price target (down from $65.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $61.00 price target (down from $66.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Zacks Investment Research downgraded MACOM Technology Solutions Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Finally, Barclays PLC reissued an “overweight” rating and issued a $63.00 price objective (down from $70.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $55.50.

In related news, CFO Robert Mcmullan sold 30,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $56.24, for a total transaction of $1,687,200.00. Following the completion of the transaction, the chief financial officer now directly 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Preetinder S. Virk sold 14,980 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $54.19, for a total value of $811,766.20. Following the transaction, the senior vice president now directly owns 30,443 shares of the company’s stock, valued at $1,649,706.17. The disclosure for this sale can be found here. Insiders have sold 495,205 shares of company stock valued at $28,724,537 over the last three months. Insiders own 42.30% of the company’s stock.

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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