MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. cut its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 18.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 26,156 shares of the semiconductor company’s stock after selling 5,934 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in MACOM Technology Solutions were worth $2,916,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in MACOM Technology Solutions in the 4th quarter valued at $44,250,000. Coldstream Capital Management Inc. acquired a new position in MACOM Technology Solutions in the fourth quarter valued at $210,000. Westfield Capital Management Co. LP purchased a new position in MACOM Technology Solutions during the fourth quarter worth about $42,762,000. TFO Wealth Partners LLC lifted its position in MACOM Technology Solutions by 20,825.0% during the fourth quarter. TFO Wealth Partners LLC now owns 3,348 shares of the semiconductor company’s stock worth $311,000 after buying an additional 3,332 shares during the period. Finally, Capstone Investment Advisors LLC acquired a new stake in MACOM Technology Solutions in the 4th quarter worth about $212,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MTSI. JPMorgan Chase & Co. increased their price objective on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Stifel Nicolaus lifted their price target on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Benchmark reissued a “buy” rating and set a $120.00 price objective on shares of MACOM Technology Solutions in a research note on Thursday, September 12th. Barclays increased their target price on MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Needham & Company LLC boosted their price target on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $117.00.

MACOM Technology Solutions Trading Down 1.8 %

Shares of MTSI opened at $103.70 on Friday. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $68.58 and a 12 month high of $118.76. The stock’s 50-day moving average is $102.78 and its two-hundred day moving average is $102.12. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.18 and a quick ratio of 6.33. The stock has a market cap of $7.48 billion, a PE ratio of 117.84, a P/E/G ratio of 5.18 and a beta of 1.70.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.66. The firm had revenue of $190.50 million during the quarter, compared to analysts’ expectations of $190.42 million. MACOM Technology Solutions had a return on equity of 12.59% and a net margin of 10.59%. MACOM Technology Solutions’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 EPS. Equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 95,743 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $103.18, for a total value of $9,878,762.74. Following the transaction, the director now owns 6,876,284 shares in the company, valued at approximately $709,494,983.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Robert Dennehy sold 6,683 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $106.78, for a total transaction of $713,610.74. Following the completion of the sale, the senior vice president now owns 26,396 shares of the company’s stock, valued at $2,818,564.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan Ocampo sold 95,743 shares of MACOM Technology Solutions stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $103.18, for a total transaction of $9,878,762.74. Following the completion of the sale, the director now owns 6,876,284 shares of the company’s stock, valued at approximately $709,494,983.12. The disclosure for this sale can be found here. In the last three months, insiders sold 659,861 shares of company stock valued at $69,961,783. 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.