MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC reduced its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 4.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 270,420 shares of the semiconductor company’s stock after selling 12,238 shares during the period. MACOM Technology Solutions accounts for about 1.3% of Emerald Advisers LLC’s portfolio, making the stock its 25th largest holding. Emerald Advisers LLC owned approximately 0.38% of MACOM Technology Solutions worth $30,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in MTSI. Opal Wealth Advisors LLC acquired a new position in MACOM Technology Solutions during the second quarter worth $39,000. Riverview Trust Co purchased a new position in shares of MACOM Technology Solutions during the 1st quarter worth $47,000. GAMMA Investing LLC boosted its position in shares of MACOM Technology Solutions by 153.0% during the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock valued at $52,000 after acquiring an additional 283 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of MACOM Technology Solutions in the first quarter valued at about $77,000. Finally, FSC Wealth Advisors LLC acquired a new stake in MACOM Technology Solutions during the second quarter worth about $78,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on MTSI. Jefferies Financial Group reiterated a “buy” rating and issued a $135.00 target price (up from $100.00) on shares of MACOM Technology Solutions in a report on Monday, May 13th. Needham & Company LLC upped their price objective on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. raised their target price on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Barclays increased their price target on MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Stifel Nicolaus boosted their price objective on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $117.00.

MACOM Technology Solutions Stock Down 3.4 %

Shares of NASDAQ:MTSI opened at $95.67 on Friday. The firm’s 50-day moving average is $105.32 and its two-hundred day moving average is $101.24. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.18 and a quick ratio of 6.33. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $68.58 and a 1 year high of $118.76. The firm has a market capitalization of $6.90 billion, a PE ratio of 108.72, a price-to-earnings-growth ratio of 5.58 and a beta of 1.70.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, hitting the consensus estimate of $0.66. MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. The firm had revenue of $190.50 million for the quarter, compared to the consensus estimate of $190.42 million. During the same period in the prior year, the firm earned $0.42 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts predict that MACOM Technology Solutions Holdings, Inc. will post 1.89 EPS for the current year.

Insider Activity

In related news, SVP Donghyun Thomas Hwang sold 4,375 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $104.57, for a total transaction of $457,493.75. Following the completion of the transaction, the senior vice president now directly owns 37,148 shares of the company’s stock, valued at approximately $3,884,566.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Robert Dennehy sold 6,683 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $106.78, for a total transaction of $713,610.74. Following the completion of the transaction, the senior vice president now directly owns 26,396 shares of the company’s stock, valued at approximately $2,818,564.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Donghyun Thomas Hwang sold 4,375 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $104.57, for a total value of $457,493.75. Following the completion of the transaction, the senior vice president now directly owns 37,148 shares of the company’s stock, valued at $3,884,566.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 652,946 shares of company stock worth $69,260,741. Corporate insiders own 22.75% of the company’s stock.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.