Cornerstone Capital Management Holdings LLC. Lowers Stake in MACOM Technology Solutions Holdings Inc (MTSI)

Cornerstone Capital Management Holdings LLC. cut its holdings in shares of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) by 49.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,841 shares of the semiconductor company’s stock after selling 6,607 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in MACOM Technology Solutions were worth $305,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MTSI. Ameriprise Financial Inc. lifted its holdings in shares of MACOM Technology Solutions by 122.6% during the third quarter. Ameriprise Financial Inc. now owns 6,277,406 shares of the semiconductor company’s stock worth $280,034,000 after purchasing an additional 3,457,245 shares during the period. Frontier Capital Management Co. LLC lifted its holdings in shares of MACOM Technology Solutions by 60.6% during the third quarter. Frontier Capital Management Co. LLC now owns 3,401,434 shares of the semiconductor company’s stock worth $151,738,000 after purchasing an additional 1,283,603 shares during the period. Capital Research Global Investors acquired a new stake in shares of MACOM Technology Solutions during the second quarter worth $42,368,000. BlackRock Inc. lifted its holdings in shares of MACOM Technology Solutions by 16.7% during the second quarter. BlackRock Inc. now owns 2,394,921 shares of the semiconductor company’s stock worth $133,565,000 after purchasing an additional 342,102 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in shares of MACOM Technology Solutions by 46.9% during the third quarter. Allianz Asset Management GmbH now owns 1,038,371 shares of the semiconductor company’s stock worth $46,322,000 after purchasing an additional 331,665 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

In other news, insider John Croteau sold 2,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $45.20, for a total value of $90,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders sold 5,250 shares of company stock valued at $205,225. Company insiders own 57.10% of the company’s stock.

Several equities research analysts recently weighed in on MTSI shares. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price target (down from $56.00) on shares of MACOM Technology Solutions in a report on Tuesday, October 17th. DA Davidson started coverage on MACOM Technology Solutions in a report on Monday, October 16th. They set a “neutral” rating and a $45.00 price target for the company. Jefferies Group set a $61.00 price target on MACOM Technology Solutions and gave the stock a “buy” rating in a report on Wednesday, October 18th. BidaskClub raised MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. Finally, Barclays reduced their target price on MACOM Technology Solutions from $50.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. MACOM Technology Solutions has an average rating of “Hold” and an average price target of $42.10.

Shares of MACOM Technology Solutions Holdings Inc (MTSI) opened at $33.00 on Thursday. MACOM Technology Solutions Holdings Inc has a fifty-two week low of $29.73 and a fifty-two week high of $65.99. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.81 and a quick ratio of 3.64. The company has a market capitalization of $2,120.00, a price-to-earnings ratio of -13.36, a price-to-earnings-growth ratio of 1.65 and a beta of 1.31.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 EPS 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 during the quarter, compared to analyst estimates of $171.80 million. During the same period last year, the business posted $0.54 EPS. MACOM Technology Solutions’s revenue 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 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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