MACOM Technology Solutions Holdings Inc (MTSI) Stake Lessened by California State Teachers Retirement System

California State Teachers Retirement System lessened its stake in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) by 9.7% during the third quarter, HoldingsChannel reports. The firm owned 64,949 shares of the semiconductor company’s stock after selling 6,946 shares during the period. California State Teachers Retirement System’s holdings in MACOM Technology Solutions were worth $2,897,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Amalgamated Bank acquired a new stake in shares of MACOM Technology Solutions in the 2nd quarter valued at about $293,000. Legal & General Group Plc raised its stake in shares of MACOM Technology Solutions by 30.3% in the 2nd quarter. Legal & General Group Plc now owns 15,044 shares of the semiconductor company’s stock valued at $839,000 after purchasing an additional 3,498 shares in the last quarter. AXA raised its stake in shares of MACOM Technology Solutions by 16.7% in the 2nd quarter. AXA now owns 63,000 shares of the semiconductor company’s stock valued at $3,514,000 after purchasing an additional 9,000 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of MACOM Technology Solutions by 47.7% in the 2nd quarter. Voya Investment Management LLC now owns 18,793 shares of the semiconductor company’s stock valued at $1,048,000 after purchasing an additional 6,069 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC raised its stake in shares of MACOM Technology Solutions by 45.6% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 950,052 shares of the semiconductor company’s stock valued at $42,382,000 after purchasing an additional 297,456 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

In other MACOM Technology Solutions news, insider John Croteau sold 2,000 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $35.05, for a total value of $70,100.00. Following the completion of the transaction, the insider now owns 147,219 shares in the company, valued at approximately $5,160,025.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders sold 4,750 shares of company stock valued at $159,993. 57.10% of the stock is owned by insiders.

Shares of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) opened at $36.30 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.64 and a current ratio of 4.81. MACOM Technology Solutions Holdings Inc has a 1 year low of $29.73 and a 1 year high of $65.99. The firm has a market cap of $2,260.00, a PE ratio of -14.70, a P/E/G ratio of 1.82 and a beta of 1.31.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $171.80 million. During the same period in the prior year, the company earned $0.54 EPS. MACOM Technology Solutions’s quarterly revenue was up 9.0% on a year-over-year basis. research analysts expect that MACOM Technology Solutions Holdings Inc will post 0.95 earnings per share for the current year.

MTSI has been the subject of a number of recent research reports. Jefferies Group set a $61.00 price objective on shares of MACOM Technology Solutions and gave the company a “buy” rating in a research report on Wednesday, October 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price objective (down previously from $56.00) on shares of MACOM Technology Solutions in a research report on Tuesday, October 17th. Craig Hallum reaffirmed a “buy” rating and set a $54.00 price objective on shares of MACOM Technology Solutions in a research report on Tuesday, October 3rd. lowered their price objective on shares of MACOM Technology Solutions from $45.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Finally, ValuEngine raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $43.20.

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MACOM Technology Solutions 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.

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

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