Essex Investment Management Co. LLC Has $1.55 Million Stake in MACOM Technology Solutions Holdings, Inc. (MTSI)

Essex Investment Management Co. LLC lowered its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,735 shares of the semiconductor company’s stock after selling 5 shares during the period. Essex Investment Management Co. LLC’s holdings in MACOM Technology Solutions Holdings were worth $1,547,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in shares of MACOM Technology Solutions Holdings by 108,171.0% in the first quarter. BlackRock Inc. now owns 2,052,819 shares of the semiconductor company’s stock worth $99,151,000 after buying an additional 2,050,923 shares during the period. Vanguard Group Inc. boosted its stake in shares of MACOM Technology Solutions Holdings by 37.0% in the first quarter. Vanguard Group Inc. now owns 3,174,795 shares of the semiconductor company’s stock worth $153,343,000 after buying an additional 857,449 shares during the period. Wellington Management Group LLP boosted its stake in shares of MACOM Technology Solutions Holdings by 20.7% in the first quarter. Wellington Management Group LLP now owns 4,204,202 shares of the semiconductor company’s stock worth $203,064,000 after buying an additional 721,929 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of MACOM Technology Solutions Holdings by 337.1% in the first quarter. Goldman Sachs Group Inc. now owns 780,729 shares of the semiconductor company’s stock worth $37,709,000 after buying an additional 602,105 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD bought a new stake in shares of MACOM Technology Solutions Holdings during the second quarter worth approximately $28,469,000. Institutional investors own 75.06% of the company’s stock.

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ MTSI) opened at 39.67 on Friday. The firm’s market cap is $2.55 billion. MACOM Technology Solutions Holdings, Inc. has a one year low of $35.33 and a one year high of $65.99. The firm’s 50-day moving average price is $53.43 and its 200 day moving average price is $51.54.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last posted its earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.01. The business had revenue of $194.56 million during the quarter, compared to the consensus estimate of $194.93 million. MACOM Technology Solutions Holdings had a positive return on equity of 17.21% and a negative net margin of 22.43%. The firm’s revenue for the quarter was up 36.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 EPS. Analysts predict that MACOM Technology Solutions Holdings, Inc. will post $2.33 EPS for the current year.

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MTSI has been the subject of a number of recent analyst reports. Needham & Company LLC upped their price target on MACOM Technology Solutions Holdings from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Stifel Nicolaus increased their target price on MACOM Technology Solutions Holdings from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Jefferies Group LLC increased their target price on MACOM Technology Solutions Holdings from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. BidaskClub cut MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Barclays PLC reissued an “overweight” rating and set a $70.00 target price (up from $60.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $55.50.

In related news, Director Charles R. Bland sold 750 shares of MACOM Technology Solutions Holdings stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $60.73, for a total value of $45,547.50. Following the completion of the sale, the director now owns 24,390 shares of the company’s stock, valued at $1,481,204.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Croteau sold 2,000 shares of MACOM Technology Solutions Holdings stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $60.76, for a total value of $121,520.00. Following the completion of the sale, the insider now directly owns 51,200 shares of the company’s stock, valued at approximately $3,110,912. The disclosure for this sale can be found here. In the last three months, insiders sold 414,435 shares of company stock valued at $24,203,559. Corporate insiders own 42.30% of the company’s stock.

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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