Victory Capital Management Inc. purchased a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 27,200 shares of the semiconductor company’s stock, valued at approximately $1,213,000.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in MACOM Technology Solutions Holdings by 8.5% in the second quarter. Vanguard Group Inc. now owns 3,444,631 shares of the semiconductor company’s stock worth $192,107,000 after purchasing an additional 269,836 shares in the last quarter. Ameriprise Financial Inc. grew its stake in MACOM Technology Solutions Holdings by 1,136.5% in the second quarter. Ameriprise Financial Inc. now owns 2,820,161 shares of the semiconductor company’s stock worth $157,274,000 after purchasing an additional 2,592,080 shares in the last quarter. BlackRock Inc. grew its stake in MACOM Technology Solutions Holdings by 16.7% in the second quarter. BlackRock Inc. now owns 2,394,921 shares of the semiconductor company’s stock worth $133,565,000 after purchasing an additional 342,102 shares in the last quarter. Frontier Capital Management Co. LLC grew its stake in MACOM Technology Solutions Holdings by 603.9% in the second quarter. Frontier Capital Management Co. LLC now owns 2,117,831 shares of the semiconductor company’s stock worth $118,111,000 after purchasing an additional 1,816,972 shares in the last quarter. Finally, State Street Corp grew its stake in MACOM Technology Solutions Holdings by 13.0% in the second quarter. State Street Corp now owns 924,113 shares of the semiconductor company’s stock worth $51,535,000 after purchasing an additional 106,517 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

MACOM Technology Solutions Holdings, Inc. (MTSI) opened at $32.94 on Thursday. The company has a quick ratio of 3.64, a current ratio of 4.81 and a debt-to-equity ratio of 0.87. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $29.73 and a 52 week high of $65.99. The company has a market capitalization of $2,163.76, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 1.66 and a beta of 1.40.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last issued its earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). MACOM Technology Solutions Holdings had a negative net margin of 24.26% and a positive return on equity of 15.05%. The company had revenue of $166.40 million during the quarter, compared to analyst estimates of $171.80 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis. equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 0.95 EPS for the current year.

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In other MACOM Technology Solutions Holdings news, Director Geoffrey G. Ribar purchased 5,000 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were bought at an average price of $43.37 per share, with a total value of $216,850.00. Following the completion of the acquisition, the director now owns 11,063 shares in the company, valued at approximately $479,802.31. The acquisition was disclosed in a document filed 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 that occurred on Friday, September 1st. The shares were sold at an average price of $45.68, for a total value of $91,360.00. Following the sale, the insider now directly owns 48,855 shares in the company, valued at approximately $2,231,696.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,500 shares of company stock worth $247,340. Corporate insiders own 42.30% of the company’s stock.

A number of equities analysts recently commented on the company. Barclays PLC reiterated an “overweight” rating and issued a $63.00 price target (down from $70.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Stifel Nicolaus decreased their price target on MACOM Technology Solutions Holdings from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, November 15th. decreased their price target on MACOM Technology Solutions Holdings from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, November 15th. J P Morgan Chase & Co decreased their price target on MACOM Technology Solutions Holdings from $55.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, November 15th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $56.00 price target on shares of MACOM Technology Solutions Holdings in a research note on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $42.10.

MACOM Technology Solutions Holdings 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.

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

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