MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Holdings Reduced by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 2.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 32,632 shares of the semiconductor company’s stock after selling 737 shares during the period. Mutual of America Capital Management LLC’s holdings in MACOM Technology Solutions were worth $3,121,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Riverview Trust Co bought a new position in shares of MACOM Technology Solutions in the first quarter valued at approximately $47,000. Harvest Fund Management Co. Ltd bought a new position in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $69,000. Fidelis Capital Partners LLC bought a new position in shares of MACOM Technology Solutions in the first quarter valued at approximately $77,000. RiverPark Advisors LLC boosted its holdings in shares of MACOM Technology Solutions by 29.1% in the fourth quarter. RiverPark Advisors LLC now owns 923 shares of the semiconductor company’s stock valued at $86,000 after acquiring an additional 208 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new position in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $129,000. 76.14% of the stock is currently owned by institutional investors.

MACOM Technology Solutions Price Performance

MTSI opened at $114.13 on Friday. The company has a quick ratio of 5.70, a current ratio of 7.34 and a debt-to-equity ratio of 0.47. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $63.44 and a 12-month high of $118.76. The stock has a fifty day moving average of $105.43 and a 200-day moving average of $96.39. The firm has a market capitalization of $8.23 billion, a P/E ratio of 129.69, a PEG ratio of 5.91 and a beta of 1.70.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.05). MACOM Technology Solutions had a return on equity of 12.67% and a net margin of 10.01%. The firm had revenue of $181.23 million for the quarter, compared to analysts’ expectations of $180.97 million. Equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 1.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MTSI. Barclays increased their price objective on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Evercore ISI began coverage on shares of MACOM Technology Solutions in a research note on Tuesday, April 16th. They set an “outperform” rating and a $120.00 target price for the company. Stifel Nicolaus increased their target price on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Needham & Company LLC increased their target price on shares of MACOM Technology Solutions from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, Craig Hallum increased their target price on shares of MACOM Technology Solutions from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $111.00.

Insider Buying and Selling

In related news, Director Charles R. Bland sold 2,500 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $102.39, for a total transaction of $255,975.00. Following the completion of the sale, the director now directly owns 26,439 shares in the company, valued at $2,707,089.21. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 7,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $102.65, for a total transaction of $718,550.00. Following the transaction, the senior vice president now directly owns 41,325 shares of the company’s stock, valued at $4,242,011.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Charles R. Bland sold 2,500 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $102.39, for a total transaction of $255,975.00. Following the transaction, the director now directly owns 26,439 shares in the company, valued at $2,707,089.21. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 533,427 shares of company stock worth $54,860,618. Corporate insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Profile

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.