Wells Fargo & Company MN Has $15.42 Million Position in MACOM Technology Solutions Holdings Inc (MTSI)

Wells Fargo & Company MN boosted its position in shares of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) by 9.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 345,749 shares of the semiconductor company’s stock after acquiring an additional 28,480 shares during the period. Wells Fargo & Company MN owned 0.54% of MACOM Technology Solutions worth $15,424,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Advisor Group Inc. lifted its position in MACOM Technology Solutions by 6.6% during the second quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock valued at $128,000 after acquiring an additional 143 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in MACOM Technology Solutions by 10.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock valued at $121,000 after acquiring an additional 199 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in MACOM Technology Solutions by 6.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,799 shares of the semiconductor company’s stock valued at $435,000 after acquiring an additional 503 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in MACOM Technology Solutions by 3.1% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 26,938 shares of the semiconductor company’s stock valued at $1,502,000 after acquiring an additional 819 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its position in MACOM Technology Solutions by 32.0% during the second quarter. Ameritas Investment Partners Inc. now owns 3,561 shares of the semiconductor company’s stock valued at $199,000 after acquiring an additional 864 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) opened at $33.57 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 52 week low of $29.73 and a 52 week high of $65.99. The stock has a market cap of $2,153.48, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 1.65 and a beta of 1.31.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $166.40 million for the quarter, compared to analyst estimates of $171.80 million. During the same quarter in the previous year, the company posted $0.54 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. equities research analysts expect that MACOM Technology Solutions Holdings Inc will post 0.95 earnings per share for the current fiscal year.

In other MACOM Technology Solutions news, insider John Croteau sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $45.20, for a total transaction of $90,400.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 5,250 shares of company stock worth $205,225 in the last 90 days. 42.30% of the stock is currently owned by company insiders.

A number of equities research analysts recently commented on MTSI shares. Needham & Company LLC reissued a “buy” rating and set a $56.00 target price on shares of MACOM Technology Solutions in a research report on Tuesday, September 5th. Zacks Investment Research cut shares of MACOM Technology Solutions from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 19th. Barclays decreased their target price on shares of MACOM Technology Solutions from $63.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, October 18th. Stifel Nicolaus cut shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating and decreased their target price for the company from $57.00 to $43.00 in a research report on Monday, October 16th. Finally, Craig Hallum reissued a “buy” rating and set a $54.00 target price on shares of MACOM Technology Solutions in a research report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $42.10.

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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.

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

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