MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) is GW&K Investment Management LLC's 3rd Largest Position

GW&K Investment Management LLC boosted its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 9.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,275,048 shares of the semiconductor company's stock after purchasing an additional 114,780 shares during the quarter. MACOM Technology Solutions comprises about 1.2% of GW&K Investment Management LLC's holdings, making the stock its 3rd largest position. GW&K Investment Management LLC owned 1.72% of MACOM Technology Solutions worth $127,990,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MTSI. Summit Partners L P increased its stake in shares of MACOM Technology Solutions by 4.7% during the 1st quarter. Summit Partners L P now owns 47,650 shares of the semiconductor company's stock valued at $4,783,000 after acquiring an additional 2,138 shares during the last quarter. Jennison Associates LLC increased its stake in shares of MACOM Technology Solutions by 18.4% during the 1st quarter. Jennison Associates LLC now owns 630,406 shares of the semiconductor company's stock valued at $63,280,000 after acquiring an additional 97,943 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in shares of MACOM Technology Solutions by 28.8% during the 1st quarter. Verdence Capital Advisors LLC now owns 2,975 shares of the semiconductor company's stock valued at $299,000 after acquiring an additional 666 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of MACOM Technology Solutions by 288.5% during the 1st quarter. Larson Financial Group LLC now owns 707 shares of the semiconductor company's stock valued at $71,000 after acquiring an additional 525 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of MACOM Technology Solutions by 10.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 265,318 shares of the semiconductor company's stock valued at $26,633,000 after acquiring an additional 24,691 shares during the last quarter. Institutional investors and hedge funds own 76.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MTSI. Benchmark reaffirmed a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Friday, May 9th. Stifel Nicolaus boosted their target price on MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Wall Street Zen upgraded MACOM Technology Solutions from a "hold" rating to a "buy" rating in a report on Sunday. BNP Paribas upgraded MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target for the company in a report on Wednesday, April 9th. Finally, Barclays upped their target price on MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $139.90.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ:MTSI traded down $1.03 on Thursday, hitting $136.16. The company's stock had a trading volume of 96,127 shares, compared to its average volume of 750,540. 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 market capitalization of $10.12 billion, a price-to-earnings ratio of -111.61, a price-to-earnings-growth ratio of 2.64 and a beta of 1.43. The stock's 50-day moving average is $132.36 and its two-hundred day moving average is $121.31. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.86 and a current ratio of 3.56.

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

Insider Buying and Selling at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 300,000 shares of the stock in a transaction on Monday, May 12th. The stock was 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 $541,004,075.12. This trade represents a 6.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $100.00, for a total value of $647,100.00. Following the completion of the sale, the senior vice president directly owned 35,603 shares of the company's stock, valued at approximately $3,560,300. This represents a 15.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 454,227 shares of company stock valued at $56,118,317. Corporate insiders own 16.30% of the company's stock.

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.