MACOM Technology Solutions Holdings, Inc. (MTSI) Shares Bought by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System grew its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 44.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,976 shares of the semiconductor company’s stock after purchasing an additional 6,490 shares during the period. State Board of Administration of Florida Retirement System’s holdings in MACOM Technology Solutions Holdings were worth $1,170,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Strs Ohio bought a new stake in shares of MACOM Technology Solutions Holdings in the 2nd quarter worth $105,000. Oppenheimer Asset Management Inc. bought a new stake in shares of MACOM Technology Solutions Holdings in the first quarter worth $116,000. Fifth Third Bancorp grew its holdings in shares of MACOM Technology Solutions Holdings by 7.9% in the first quarter. Fifth Third Bancorp now owns 2,590 shares of the semiconductor company’s stock worth $125,000 after acquiring an additional 189 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of MACOM Technology Solutions Holdings in the first quarter worth $130,000. Finally, Turner Investments LLC grew its holdings in shares of MACOM Technology Solutions Holdings by 14.3% in the first quarter. Turner Investments LLC now owns 4,000 shares of the semiconductor company’s stock worth $193,000 after acquiring an additional 500 shares during the period. 79.64% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on MTSI shares. Barclays PLC reiterated an “overweight” rating and set a $70.00 target price (up from $60.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, July 12th. Zacks Investment Research downgraded MACOM Technology Solutions Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Stifel Nicolaus boosted their target price on MACOM Technology Solutions Holdings from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Tuesday, June 6th. BidaskClub downgraded MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $61.00 target price (down from $66.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $55.50.

In other news, Director Charles R. Bland sold 1,750 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $55.75, for a total value of $97,562.50. Following the completion of the sale, the director now directly owns 25,190 shares of the company’s stock, valued at $1,404,342.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Donghyun Thomas Hwang sold 4,225 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $59.95, for a total transaction of $253,288.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,117 shares of company stock valued at $1,755,579. 57.10% of the stock is owned by corporate insiders.

Shares of MACOM Technology Solutions Holdings, Inc. (MTSI) opened at 43.35 on Wednesday. The stock’s market cap is $2.78 billion. MACOM Technology Solutions Holdings, Inc. has a one year low of $35.33 and a one year high of $65.99. The stock’s 50 day moving average price is $43.52 and its 200 day moving average price is $51.07.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last released its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.01). The firm had revenue of $194.56 million for the quarter, compared to analysts’ expectations 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%. MACOM Technology Solutions Holdings’s revenue for the quarter was up 36.7% on a year-over-year basis. During the same period last year, the firm posted $0.51 earnings per share. Analysts forecast that MACOM Technology Solutions Holdings, Inc. will post $2.33 earnings per share for the current year.

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MACOM Technology Solutions Holdings 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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