27,575 Shares in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 27,575 shares of the semiconductor company's stock, valued at approximately $2,768,000.

Several other institutional investors have also recently bought and sold shares of MTSI. Proficio Capital Partners LLC bought a new position in MACOM Technology Solutions in the 4th quarter worth $2,194,000. Raymond James Financial Inc. bought a new position in MACOM Technology Solutions in the 4th quarter worth $8,630,000. AlphaQuest LLC bought a new position in MACOM Technology Solutions in the 4th quarter worth $42,000. HighTower Advisors LLC bought a new position in shares of MACOM Technology Solutions during the 4th quarter worth about $1,247,000. Finally, Avantax Advisory Services Inc. bought a new position in shares of MACOM Technology Solutions during the 4th quarter worth about $229,000. Institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Stock Performance

NASDAQ:MTSI opened at $137.76 on Thursday. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $84.00 and a 12-month high of $152.50. The company has a quick ratio of 2.86, a current ratio of 3.56 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $10.24 billion, a PE ratio of -112.92, a price-to-earnings-growth ratio of 2.65 and a beta of 1.43. The firm has a 50-day moving average price of $130.54 and a 200 day moving average price of $121.02.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01. MACOM Technology Solutions had a negative net margin of 10.24% and a positive return on equity of 13.32%. The company had revenue of $235.89 million during the quarter, compared to analyst estimates of $230.04 million. During the same quarter last year, the business posted $0.59 earnings per share. The company's revenue was up 30.2% on a year-over-year basis. Research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MTSI. Barclays boosted their price objective on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective on the stock in a report on Wednesday, April 9th. Bank of America boosted their price objective on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Wall Street Zen downgraded shares of MACOM Technology Solutions from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Benchmark restated a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a report on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, MACOM Technology Solutions currently has a consensus rating of "Moderate Buy" and an average price target of $136.40.

Insider Buying and Selling

In other news, Director Susan Ocampo sold 300,000 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $123.58, for a total value of $37,074,000.00. Following the completion of the transaction, the director owned 4,377,764 shares in the company, valued at approximately $541,004,075.12. The trade was a 6.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO John Kober sold 2,250 shares of MACOM Technology Solutions stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $125.65, for a total transaction of $282,712.50. Following the completion of the transaction, the chief financial officer owned 47,128 shares of the company's stock, valued at $5,921,633.20. This trade represents a 4.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 454,227 shares of company stock valued at $56,118,317 in the last ninety days. 16.30% of the stock is owned by corporate insiders.

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.

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