Frontier Capital Management Co. LLC Sells 381,784 Shares of MACOM Technology Solutions Holdings Inc (MTSI)

Frontier Capital Management Co. LLC lessened its stake in shares of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) by 11.2% in the fourth quarter, Holdings Channel reports. The fund owned 3,019,650 shares of the semiconductor company’s stock after selling 381,784 shares during the quarter. Frontier Capital Management Co. LLC’s holdings in MACOM Technology Solutions were worth $98,259,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MTSI. Schwab Charles Investment Management Inc. lifted its position in shares of MACOM Technology Solutions by 10.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 158,891 shares of the semiconductor company’s stock valued at $8,862,000 after acquiring an additional 15,348 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of MACOM Technology Solutions by 9.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 234,273 shares of the semiconductor company’s stock valued at $13,065,000 after acquiring an additional 19,768 shares during the last quarter. Legal & General Group Plc lifted its position in shares of MACOM Technology Solutions by 30.3% during the 2nd quarter. Legal & General Group Plc now owns 15,044 shares of the semiconductor company’s stock valued at $839,000 after acquiring an additional 3,498 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of MACOM Technology Solutions by 568.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,299 shares of the semiconductor company’s stock valued at $296,000 after acquiring an additional 4,506 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of MACOM Technology Solutions by 44.8% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 20,976 shares of the semiconductor company’s stock valued at $1,170,000 after acquiring an additional 6,490 shares during the last quarter. Institutional investors own 88.18% of the company’s stock.

In other news, insider John Croteau sold 2,000 shares of the stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $35.05, for a total value of $70,100.00. Following the completion of the sale, the insider now owns 147,219 shares in the company, valued at $5,160,025.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 4,750 shares of company stock valued at $159,993 in the last 90 days. Corporate insiders own 42.30% of the company’s stock.

MACOM Technology Solutions Holdings Inc (MTSI) traded up $0.07 on Thursday, hitting $37.01. The stock had a trading volume of 689,900 shares, compared to its average volume of 827,945. The stock has a market capitalization of $2,290.00, a price-to-earnings ratio of -14.98, a P/E/G ratio of 1.65 and a beta of 1.31. MACOM Technology Solutions Holdings Inc has a one year low of $29.73 and a one year 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.

MACOM Technology Solutions (NASDAQ:MTSI) last released its 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). The business had revenue of $166.40 million during the quarter, compared to analysts’ expectations of $171.80 million. MACOM Technology Solutions had a negative net margin of 24.26% and a positive return on equity of 15.05%. MACOM Technology Solutions’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.54 EPS. equities analysts expect that MACOM Technology Solutions Holdings Inc will post 1.01 earnings per share for the current year.

MTSI has been the subject of a number of recent research reports. Craig Hallum reiterated a “buy” rating and set a $54.00 price objective on shares of MACOM Technology Solutions in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded MACOM Technology Solutions from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Stifel Nicolaus downgraded MACOM Technology Solutions from a “buy” rating to a “hold” rating and cut their price objective for the company from $57.00 to $43.00 in a research report on Monday, October 16th. DA Davidson initiated coverage on MACOM Technology Solutions in a research report on Monday, October 16th. They set a “neutral” rating and a $45.00 price objective for the company. Finally, Needham & Company LLC reiterated 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. MACOM Technology Solutions currently has a consensus rating of “Buy” and an average target price of $43.00.

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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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