Legato Capital Management LLC Reduces Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Legato Capital Management LLC lowered its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 43.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,091 shares of the semiconductor company's stock after selling 7,847 shares during the period. Legato Capital Management LLC's holdings in MACOM Technology Solutions were worth $1,013,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MTSI. Price T Rowe Associates Inc. MD increased its stake in shares of MACOM Technology Solutions by 38.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company's stock worth $519,399,000 after purchasing an additional 1,120,510 shares in the last quarter. Norges Bank purchased a new stake in shares of MACOM Technology Solutions during the fourth quarter worth about $82,833,000. Vanguard Group Inc. increased its stake in shares of MACOM Technology Solutions by 6.0% during the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock worth $846,656,000 after purchasing an additional 368,979 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of MACOM Technology Solutions during the fourth quarter worth about $31,260,000. Finally, Nuveen Asset Management LLC increased its stake in shares of MACOM Technology Solutions by 129.4% during the fourth quarter. Nuveen Asset Management LLC now owns 328,081 shares of the semiconductor company's stock worth $42,621,000 after purchasing an additional 185,075 shares in the last quarter. Hedge funds and other institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Stock Up 0.3%

MACOM Technology Solutions stock traded up $0.38 during mid-day trading on Friday, reaching $137.67. 328,823 shares of the company's stock were exchanged, compared to its average volume of 545,946. The company has a market cap of $10.23 billion, a P/E ratio of -112.84, a P/E/G ratio of 2.65 and a beta of 1.43. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $84.00 and a twelve 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 company has a fifty day moving average of $132.94 and a 200-day moving average of $121.31.

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 for the quarter, beating analysts' consensus estimates 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 business had revenue of $235.89 million for the quarter, compared to analyst estimates of $230.04 million. During the same period last year, the business earned $0.59 EPS. The company's revenue was up 30.2% on a year-over-year basis. Sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MTSI. BNP Paribas raised 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. Barclays upped their price objective on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Stifel Nicolaus upped their price objective on shares of MACOM Technology Solutions from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, July 18th. 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. Finally, Bank of America upped their price objective on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, MACOM Technology Solutions has an average rating of "Moderate Buy" and a consensus target price of $139.90.

Insiders Place Their Bets

In other news, SVP Donghyun Thomas Hwang sold 5,000 shares of the firm's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $137.40, for a total value of $687,000.00. Following the sale, the senior vice president directly owned 30,779 shares in the company, valued at approximately $4,229,034.60. This trade represents a 13.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stephen G. Daly sold 2,380 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $125.70, for a total transaction of $299,166.00. Following the completion of the transaction, the chief executive officer directly owned 24,573 shares in the company, valued at $3,088,826.10. This trade represents a 8.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 459,227 shares of company stock worth $56,805,317. 16.30% of the stock is currently owned by 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.