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

Emerald Advisers LLC decreased its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 4.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 270,420 shares of the semiconductor company’s stock after selling 12,238 shares during the quarter. MACOM Technology Solutions makes up approximately 1.3% of Emerald Advisers LLC’s portfolio, making the stock its 25th largest holding. Emerald Advisers LLC’s holdings in MACOM Technology Solutions were worth $30,144,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barclays upped their price target on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Jefferies Financial Group reiterated a “buy” rating and set a $135.00 target price (up previously from $100.00) on shares of MACOM Technology Solutions in a research note on Monday, May 13th. JPMorgan Chase & Co. boosted their price target on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Stifel Nicolaus upped their price objective on MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Benchmark lifted their target price on MACOM Technology Solutions from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $117.00.

Insider Transactions at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 4,375 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now owns 37,148 shares in the company, valued at $3,884,566.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Donghyun Thomas Hwang sold 4,375 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $104.57, for a total value of $457,493.75. Following the sale, the senior vice president now owns 37,148 shares in the company, valued at approximately $3,884,566.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Susan Ocampo sold 305,395 shares of MACOM Technology Solutions stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $106.48, for a total value of $32,518,459.60. Following the transaction, the director now directly owns 6,550,889 shares of the company’s stock, valued at $697,538,660.72. The disclosure for this sale can be found here. Insiders have sold a total of 652,946 shares of company stock valued at $69,260,741 in the last ninety days. 22.75% of the stock is currently owned by company insiders.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI opened at $95.67 on Friday. The stock has a market capitalization of $6.90 billion, a price-to-earnings ratio of 108.72, a PEG ratio of 5.58 and a beta of 1.70. The business’s 50 day moving average is $105.32 and its two-hundred day moving average is $101.24. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $68.58 and a 12-month high of $118.76. The company has a current ratio of 8.18, a quick ratio of 6.33 and a debt-to-equity ratio of 0.45.

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

MACOM Technology Solutions Company Profile

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.