Peddock Capital Advisors LLC Has $172,000 Position in MACOM Technology Solutions Holdings, Inc. (MTSI)

Peddock Capital Advisors LLC boosted its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 1,797.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,093 shares of the semiconductor company’s stock after buying an additional 2,930 shares during the period. Peddock Capital Advisors LLC’s holdings in MACOM Technology Solutions Holdings were worth $172,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MTSI. State Board of Administration of Florida Retirement System raised its stake in shares of MACOM Technology Solutions Holdings by 44.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 20,976 shares of the semiconductor company’s stock worth $1,170,000 after buying an additional 6,490 shares during the period. Turner Investments LLC raised its stake in shares of MACOM Technology Solutions Holdings by 181.3% in the second quarter. Turner Investments LLC now owns 11,250 shares of the semiconductor company’s stock worth $627,000 after buying an additional 7,250 shares during the period. Frontier Capital Management Co. LLC raised its stake in shares of 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 buying an additional 1,816,972 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of MACOM Technology Solutions Holdings by 568.2% in the second quarter. BNP Paribas Arbitrage SA now owns 5,299 shares of the semiconductor company’s stock worth $296,000 after buying an additional 4,506 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of MACOM Technology Solutions Holdings by 30.3% in the second quarter. Legal & General Group Plc now owns 15,044 shares of the semiconductor company’s stock worth $839,000 after buying an additional 3,498 shares during the period. 75.06% of the stock is owned by institutional investors.

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ MTSI) opened at 40.05 on Tuesday. The company’s 50-day moving average is $52.98 and its 200 day moving average is $51.55. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $35.33 and a 1-year high of $65.99. The firm’s market cap is $2.57 billion.

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

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A number of brokerages have recently issued reports on MTSI. Zacks Investment Research lowered shares of MACOM Technology Solutions Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Barclays PLC restated an “overweight” rating and issued a $63.00 target price (down previously from $70.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Needham & Company LLC restated a “buy” rating and issued a $56.00 target price (down previously from $65.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Jefferies Group LLC restated a “buy” rating and issued a $61.00 target price (down previously from $66.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus cut their target price on shares of MACOM Technology Solutions Holdings from $64.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $55.50.

In other news, SVP Preetinder S. Virk sold 533 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $60.79, for a total value of $32,401.07. Following the sale, the senior vice president now directly owns 17,696 shares in the company, valued at approximately $1,075,739.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman John L. Ocampo sold 59,750 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $61.04, for a total transaction of $3,647,140.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 112,935 shares of company stock worth $6,910,209. 57.10% of the stock is currently owned by corporate insiders.

MACOM Technology Solutions Holdings Company 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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