Teacher Retirement System of Texas Sells 4,064 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Teacher Retirement System of Texas trimmed its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 19.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,511 shares of the semiconductor company's stock after selling 4,064 shares during the period. Teacher Retirement System of Texas' holdings in MACOM Technology Solutions were worth $1,657,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position 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 valued at $519,399,000 after purchasing an additional 1,120,510 shares in the last quarter. Norges Bank purchased a new stake in MACOM Technology Solutions during the fourth quarter valued at $82,833,000. Vanguard Group Inc. grew its holdings in 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 valued at $846,656,000 after purchasing an additional 368,979 shares during the period. Massachusetts Financial Services Co. MA bought a new position in shares of MACOM Technology Solutions in the fourth quarter worth about $31,260,000. Finally, Nuveen Asset Management LLC boosted its stake in shares of MACOM Technology Solutions by 129.4% in the fourth quarter. Nuveen Asset Management LLC now owns 328,081 shares of the semiconductor company's stock worth $42,621,000 after acquiring an additional 185,075 shares during the period. 76.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at MACOM Technology Solutions

In other news, SVP Donghyun Thomas Hwang sold 6,471 shares of MACOM Technology Solutions stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total value of $647,100.00. Following the completion of the transaction, the senior vice president owned 35,603 shares of the company's stock, valued at $3,560,300. This trade represents a 15.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO John Kober sold 2,250 shares of MACOM Technology Solutions stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $125.65, for a total transaction of $282,712.50. Following the completion of the sale, 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 454,227 shares of company stock valued at $56,118,317 in the last three months. Company insiders own 16.30% of the company's stock.

MACOM Technology Solutions Stock Performance

MTSI stock traded up $0.69 during midday trading on Tuesday, reaching $137.32. The company had a trading volume of 313,511 shares, compared to its average volume of 664,527. 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 stock 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 PE ratio of -112.56, a P/E/G ratio of 2.63 and a beta of 1.43. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings results 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. 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 for the quarter, compared to analysts' expectations of $230.04 million. During the same quarter in the prior year, the company earned $0.59 earnings per share. The firm's revenue was up 30.2% on a year-over-year basis. Analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Analyst Ratings Changes

MTSI has been the topic of a number of recent research reports. Wall Street Zen downgraded MACOM Technology Solutions from a "buy" rating to a "hold" rating in a research report on Saturday. Barclays increased 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. BNP Paribas raised MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective for the company in a research report on Wednesday, April 9th. Bank of America lifted their price target on MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Finally, Benchmark reissued a "buy" rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a report on Friday, May 9th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $136.40.

MACOM Technology Solutions Company 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.