Private Advisors LLC lifted its stake in shares of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) by 91.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,358 shares of the semiconductor company’s stock after acquiring an additional 22,566 shares during the quarter. Private Advisors LLC’s holdings in MACOM Technology Solutions were worth $791,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in MACOM Technology Solutions by 37.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,769 shares of the semiconductor company’s stock worth $55,000 after buying an additional 1,032 shares during the last quarter. Rhumbline Advisers grew its stake in MACOM Technology Solutions by 41.6% during the fourth quarter. Rhumbline Advisers now owns 65,812 shares of the semiconductor company’s stock worth $955,000 after buying an additional 19,339 shares during the last quarter. Essex Investment Management Co. LLC bought a new stake in MACOM Technology Solutions during the fourth quarter worth about $338,000. Canada Pension Plan Investment Board bought a new stake in MACOM Technology Solutions during the fourth quarter worth about $1,940,000. Finally, California Public Employees Retirement System grew its stake in MACOM Technology Solutions by 237.9% during the fourth quarter. California Public Employees Retirement System now owns 69,600 shares of the semiconductor company’s stock worth $1,010,000 after buying an additional 49,000 shares during the last quarter. Institutional investors own 75.13% of the company’s stock.

In other MACOM Technology Solutions news, Chairman John L. Ocampo acquired 100,000 shares of MACOM Technology Solutions stock in a transaction on Wednesday, May 22nd. The shares were purchased at an average cost of $13.30 per share, with a total value of $1,330,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John L. Ocampo acquired 60,000 shares of MACOM Technology Solutions stock in a transaction on Monday, May 20th. The stock was acquired at an average cost of $13.26 per share, for a total transaction of $795,600.00. The disclosure for this purchase can be found here. 32.40% of the stock is currently owned by company insiders.

Several analysts have weighed in on the stock. Zacks Investment Research cut shares of MACOM Technology Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. BidaskClub cut shares of MACOM Technology Solutions from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Needham & Company LLC reissued a “buy” rating and set a $20.00 price target on shares of MACOM Technology Solutions in a research note on Thursday, April 25th. DA Davidson cut shares of MACOM Technology Solutions from a “buy” rating to a “neutral” rating and decreased their price target for the company from $20.00 to $16.00 in a research note on Thursday, April 25th. Finally, Northland Securities set a $23.00 price target on shares of MACOM Technology Solutions and gave the company a “buy” rating in a research note on Monday, May 20th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.40.

Shares of MTSI traded down $0.60 during mid-day trading on Friday, hitting $14.25. 334,530 shares of the company traded hands, compared to its average volume of 744,470. MACOM Technology Solutions Holdings Inc has a one year low of $12.33 and a one year high of $25.82. The company has a debt-to-equity ratio of 1.11, a current ratio of 5.01 and a quick ratio of 3.66. The stock has a market capitalization of $936.22 million, a P/E ratio of 101.79 and a beta of 2.03.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported ($0.18) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.09. MACOM Technology Solutions had a negative net margin of 30.19% and a negative return on equity of 1.98%. The business had revenue of $128.47 million for the quarter, compared to analysts’ expectations of $121.06 million. During the same period in the prior year, the firm earned $0.13 earnings per share. MACOM Technology Solutions’s revenue was down 14.6% compared to the same quarter last year. As a group, analysts anticipate that MACOM Technology Solutions Holdings Inc will post -0.5 EPS for the current year.

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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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