MACOM Technology Solutions Holdings, Inc. (MTSI) Stake Lifted by Brown Advisory Inc.

Brown Advisory Inc. increased its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 8.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,222,631 shares of the semiconductor company’s stock after acquiring an additional 93,217 shares during the period. Brown Advisory Inc. owned about 1.90% of MACOM Technology Solutions worth $54,542,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. raised its position in shares of MACOM Technology Solutions by 12.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 179,425 shares of the semiconductor company’s stock worth $8,005,000 after buying an additional 20,534 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of MACOM Technology Solutions by 9.0% in the third quarter. Wells Fargo & Company MN now owns 345,749 shares of the semiconductor company’s stock worth $15,424,000 after buying an additional 28,480 shares in the last quarter. Dai Ichi Life Insurance Company Ltd purchased a new stake in shares of MACOM Technology Solutions in the third quarter worth $3,624,000. Eagle Asset Management Inc. raised its position in shares of MACOM Technology Solutions by 41.5% in the third quarter. Eagle Asset Management Inc. now owns 286,898 shares of the semiconductor company’s stock worth $13,048,000 after buying an additional 84,092 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of MACOM Technology Solutions by 44.0% in the third quarter. Nordea Investment Management AB now owns 45,076 shares of the semiconductor company’s stock worth $2,011,000 after buying an additional 13,770 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

A number of research firms recently commented on MTSI. Zacks Investment Research cut MACOM Technology Solutions from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 19th. Barclays reduced their target price on MACOM Technology Solutions from $63.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 18th. Jefferies Group set a $61.00 target price on MACOM Technology Solutions and gave the company a “buy” rating in a research note on Wednesday, October 18th. lowered their price objective on shares of MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, November 15th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of MACOM Technology Solutions in a report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. MACOM Technology Solutions currently has a consensus rating of “Hold” and an average price target of $42.10.

In other news, insider John Croteau sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $45.20, for a total value of $90,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 3,500 shares of company stock worth $155,980. 57.10% of the stock is owned by company insiders.

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) opened at $32.59 on Friday. The stock has a market capitalization of $2,084.07, a P/E ratio of 19.08, a PEG ratio of 1.60 and a beta of 1.40. The company has a current ratio of 4.81, a quick ratio of 3.64 and a debt-to-equity ratio of 0.87. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $29.73 and a 1 year high of $65.99.

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

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About MACOM Technology Solutions

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 (NASDAQ:MTSI)

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