Glenmead Trust NA reduced its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI – Get Rated ) grew 31.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund held 12,052 shares of semiconductor companies after selling 5,520 shares during the period. Glenmead Trust NA held a value of $624,000 in MACOM Technology Solutions at the end of the most recent quarter.
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Several other hedge funds and other institutional investors also changed their positions in MTSI. Price T Rowe Associates Inc. MD increased its stake in MACOM Technology Solutions by 9,920.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 1,961,661 shares of the semiconductor company worth $101,596,000 after acquiring an additional 1,942,084 shares last quarter. Artisan Partners Limited Partnership purchased new shares in MACOM Technology Solutions in the third quarter, valued at approximately US$23,848,000. Vanguard Group Inc. increased its stake in MACOM Technology Solutions by 8.5 percent in the third quarter. Vanguard now owns 5,204,555 shares of the semiconductor company worth $269,545,000 after purchasing an additional 408,017 shares last quarter. Bank of New York Mellon Corp increased its stake in MACOM Technology Solutions by 136.0% during the third quarter. BNY Mellon now owns 507,452 shares of the semiconductor company worth $26,281,000 after buying an additional 292,386 shares last quarter. Finally, FMR LLC increased its stake in MACOM Technology Solutions by 7.1% during the second quarter. FMR LLC now owns 3,762,701 shares of the semiconductor company worth $173,460,000 after purchasing an additional 249,882 shares last quarter. 74.93% of the shares are currently held by institutional investors.
insiders place bets
In other news from MACOM Technology Solutions, CEO Stephen G. Daly sold 50,000 shares of the company in a transaction that occurred on Friday, November 4th. The stock sold at an average price of $64.50 for a total transaction value of $3,225,000.00. Following the transaction, the CEO now owns 482,194 shares of company stock worth $31,101,513. The sale was disclosed in a filing with the U.S. Securities and Exchange Commission, which is available at this link. In other news, Senior Vice President Donghyun Thomas Hwang sold 4,000 shares of the company in a transaction that occurred on Friday, November 4. The stock has an average selling price of $63.22 and a total value of $252,880.00. Following the transaction, the senior vice president now owns 96,230 shares of company stock worth $6,083,660.60. The transaction was disclosed in a filing with the U.S. Securities and Exchange Commission, which is available through the SEC website. Additionally, Chief Executive Officer Stephen G. Daly sold 50,000 shares of company stock in trading on Friday, November 4th. The average selling price of these shares was $64.50 for a total value of $3,225,000.00. Following the transaction, the CEO now directly owns 482,194 shares of the company, worth approximately $31,101,513. The disclosure for this sale can be found here. In the past 90 days, insiders have sold a total of 777,530 shares of the company stock worth $52,707,928. 24.00% of the shares are currently held by insiders.
MACOM Technology Solutions Stock Performance
The Nasdaq MTSI was down 3 cents at $66.99 in Wednesday’s trade. The company’s shares changed hands with 103,924 shares compared to an average volume of 393,444 shares. The company’s 50-day moving average is $65.55 and its 200-day moving average is $60.47. The market cap is $4.74 billion, with a P/E ratio of 10.84, a PEG ratio of 2.24, and a beta of 1.97. The company has a debt-to-equity ratio of 0.71, a current ratio of 8.36, and a quick ratio of 7.18. MACOM Technology Solutions Holdings Inc had a fifty-two-week low of $42.85 and a fifty-two-week high of $72.64.
MACOM Technology Solutions (NASDAQ: MTSI – Get Rating ) finally reported its quarterly earnings results on Thursday, November 3rd. The semiconductor company reported EPS of $0.64 for the quarter, beating analysts’ consensus estimate of $0.62 by $0.02. The company’s revenue for the quarter came in at $178.14 million, compared with the consensus estimate of $177.11 million. MACOM Technology Solutions has a return on equity of 25.35% and a net profit margin of 65.16%. Sell-side analysts forecast MACOM Technology Solutions Holdings, Inc. EPS of 2.42 for the fiscal year.
Wall Street analysts weigh in
A number of brokerages have recently commented on MTSI. Needham & Company LLC upped their price target on MACOM Technology Solutions from $62.00 to $68.00 and gave the company a “buy” rating in a report on Friday, November 4th. Benchmark downgraded MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report on Monday, November 7th. StockNews.com downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report on Thursday, October 20th. Finally, Craig Hallum downgraded MACOM Technology Solutions from a “buy” rating to a “hold” rating and lowered their price target for the company from $73.00 to $65.00 in a report on Wednesday, January 11th. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the stock. The company currently has a Moderate Buy consensus rating and an average price target of $67.56, according to MarketBeat.com.
About MACOM Technology Solutions
MACOM Technology Solutions Holdings, Inc is engaged in the design, development, manufacture and marketing of semiconductors and modules. The company is involved in supplying products to the telecommunications (Telecom), industrial and defense (I&D) and data center industries. The company was incorporated on March 25, 2009 and is headquartered in Lowell, MA.
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