Emerald Mutual Fund Advisers Trust Sells 14,923 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Emerald Mutual Fund Advisers Trust lowered its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 12.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 109,225 shares of the semiconductor company's stock after selling 14,923 shares during the period. Emerald Mutual Fund Advisers Trust owned 0.15% of MACOM Technology Solutions worth $10,964,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of MACOM Technology Solutions by 38.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company's stock valued at $519,399,000 after purchasing an additional 1,120,510 shares during the last quarter. Norges Bank purchased a new stake in MACOM Technology Solutions during the 4th quarter worth about $82,833,000. Vanguard Group Inc. increased its holdings in shares of MACOM Technology Solutions by 6.0% in the 4th quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock valued at $846,656,000 after acquiring an additional 368,979 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of MACOM Technology Solutions in the 4th quarter valued at about $31,260,000. Finally, Nuveen Asset Management LLC boosted its position in shares of MACOM Technology Solutions by 129.4% in the 4th quarter. Nuveen Asset Management LLC now owns 328,081 shares of the semiconductor company's stock valued at $42,621,000 after purchasing an additional 185,075 shares during the period. Institutional investors and hedge funds own 76.14% of the company's stock.

MACOM Technology Solutions Stock Up 0.5%

Shares of MTSI stock traded up $0.67 on Tuesday, reaching $137.30. 495,807 shares of the company's stock traded hands, compared to its average volume of 664,527. The company has a market capitalization of $10.21 billion, a P/E ratio of -112.54, a price-to-earnings-growth ratio of 2.63 and a beta of 1.43. 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 debt-to-equity ratio of 0.31, a quick ratio of 2.86 and a current ratio of 3.56. The business's 50 day moving average price is $129.06 and its two-hundred day moving average price is $120.77.

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

Analysts Set New Price Targets

MTSI has been the subject of several recent analyst reports. Benchmark reissued a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a report on Friday, May 9th. Wall Street Zen cut MACOM Technology Solutions from a "buy" rating to a "hold" rating in a report on Saturday. Barclays boosted their price objective on MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Bank of America increased their price target on MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Finally, BNP Paribas upgraded MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective on the stock in a research note on Wednesday, April 9th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $136.40.

Insider Activity

In other news, CEO Stephen G. Daly sold 2,380 shares of MACOM Technology Solutions stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $125.70, for a total value of $299,166.00. Following the transaction, the chief executive officer directly owned 24,573 shares in the company, valued at approximately $3,088,826.10. The trade was a 8.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Robert Dennehy sold 5,000 shares of MACOM Technology Solutions stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $140.42, for a total value of $702,100.00. Following the completion of the transaction, the senior vice president owned 15,680 shares in the company, valued at $2,201,785.60. The trade was a 24.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 454,227 shares of company stock valued at $56,118,317. 16.30% of the stock is currently owned by company insiders.

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.