MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock Position Decreased by Emerald Advisers LLC

Emerald Advisers LLC trimmed its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 3.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,654 shares of the semiconductor company's stock after selling 5,639 shares during the quarter. Emerald Advisers LLC owned about 0.23% of MACOM Technology Solutions worth $17,532,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. M&T Bank Corp raised its position in MACOM Technology Solutions by 8.0% in the fourth quarter. M&T Bank Corp now owns 2,143 shares of the semiconductor company's stock valued at $278,000 after purchasing an additional 158 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of MACOM Technology Solutions during the fourth quarter worth $2,194,000. Raymond James Financial Inc. purchased a new stake in shares of MACOM Technology Solutions during the fourth quarter worth $8,630,000. AlphaQuest LLC purchased a new stake in shares of MACOM Technology Solutions during the fourth quarter worth $42,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in MACOM Technology Solutions by 24.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,520 shares of the semiconductor company's stock valued at $2,016,000 after buying an additional 3,050 shares during the last quarter. Institutional investors and hedge funds own 76.14% of the company's stock.

Wall Street Analyst Weigh In

MTSI has been the subject of several research analyst reports. BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective for the company in a research note on Wednesday, April 9th. Stifel Nicolaus lowered their price objective on MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Benchmark reaffirmed a "buy" rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a report on Friday, May 9th. Barclays lifted their price target on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, Bank of America lifted their price target on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Three 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 company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $136.40.

MACOM Technology Solutions Trading Up 0.5%

Shares of NASDAQ MTSI traded up $0.71 during trading on Tuesday, hitting $137.34. 137,701 shares of the company traded hands, compared to its average volume of 663,172. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $152.50. The company has a 50-day moving average price of $129.06 and a 200-day moving average price of $120.77. The firm has a market capitalization of $10.21 billion, a P/E ratio of -112.42, a P/E/G ratio of 2.63 and a beta of 1.43. The company has a quick ratio of 2.86, a current ratio of 3.56 and a debt-to-equity ratio of 0.31.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. The company had revenue of $235.89 million during the quarter, compared to analysts' expectations of $230.04 million. MACOM Technology Solutions had a negative net margin of 10.24% and a positive return on equity of 13.32%. The business's quarterly revenue was up 30.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.59 EPS. On average, equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 14,665 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $122.71, for a total value of $1,799,542.15. Following the transaction, the chief executive officer owned 36,327 shares in the company, valued at $4,457,686.17. The trade was a 28.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Robert Dennehy sold 5,000 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $140.42, for a total transaction of $702,100.00. Following the completion of the sale, the senior vice president owned 15,680 shares in the company, valued at approximately $2,201,785.60. This trade represents a 24.18% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 454,227 shares of company stock worth $56,118,317. Corporate insiders own 16.30% of the company's stock.

MACOM Technology Solutions 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.