MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) Director Charles R. Bland sold 250 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $45.60, for a total value of $11,400.00. Following the completion of the sale, the director now owns 24,590 shares in the company, valued at $1,121,304. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

MACOM Technology Solutions Holdings Inc (NASDAQ MTSI) traded up 0.40% during trading on Monday, reaching $42.33. The company had a trading volume of 1,960,189 shares. The company has a 50-day moving average price of $59.01 and a 200 day moving average price of $52.17. The stock’s market cap is $2.71 billion. MACOM Technology Solutions Holdings Inc has a 52-week low of $35.33 and a 52-week high of $65.99.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last issued its earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $0.01. The business had revenue of $194.56 million during the quarter, compared to analyst estimates of $194.93 million. MACOM Technology Solutions Holdings had a negative return on equity of 7.10% and a negative net margin of 7.18%. The business’s quarterly revenue was up 36.7% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. On average, analysts anticipate that MACOM Technology Solutions Holdings Inc will post $2.33 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Charles R. Bland Sells 250 Shares of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) Stock” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of international copyright legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/08/07/charles-r-bland-sells-250-shares-of-macom-technology-solutions-holdings-inc-nasdaqmtsi-stock.html.

MTSI has been the topic of several recent research reports. Stifel Nicolaus restated a “buy” rating and issued a $64.00 price objective on shares of MACOM Technology Solutions Holdings in a research report on Friday, July 14th. BidaskClub upgraded MACOM Technology Solutions Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Needham & Company LLC upped their price objective on MACOM Technology Solutions Holdings from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, June 26th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $66.00 price objective on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, May 17th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $55.50.

Several hedge funds have recently modified their holdings of the company. Lazard Asset Management LLC boosted its stake in shares of MACOM Technology Solutions Holdings by 5.0% in the first quarter. Lazard Asset Management LLC now owns 707,675 shares of the semiconductor company’s stock valued at $34,180,000 after buying an additional 33,460 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of MACOM Technology Solutions Holdings by 2.2% in the first quarter. Russell Investments Group Ltd. now owns 202,629 shares of the semiconductor company’s stock valued at $9,787,000 after buying an additional 4,280 shares during the period. Sei Investments Co. boosted its stake in shares of MACOM Technology Solutions Holdings by 4.5% in the first quarter. Sei Investments Co. now owns 11,001 shares of the semiconductor company’s stock valued at $531,000 after buying an additional 470 shares during the period. AXA boosted its stake in shares of MACOM Technology Solutions Holdings by 28.6% in the first quarter. AXA now owns 54,000 shares of the semiconductor company’s stock valued at $2,608,000 after buying an additional 12,000 shares during the period. Finally, Wellington Management Group LLP boosted its stake in shares of MACOM Technology Solutions Holdings by 20.7% in the first quarter. Wellington Management Group LLP now owns 4,204,202 shares of the semiconductor company’s stock valued at $203,064,000 after buying an additional 721,929 shares during the period. 72.99% of the stock is owned by institutional investors and hedge funds.

About MACOM Technology Solutions Holdings

MACOM Technology Solutions Holdings, Inc is a provider of high-performance analog semiconductor solutions that enable Internet applications, the cloud-connected applications economy, and the networked battlefield across the radio frequency (RF), microwave, millimeterwave and photonic spectrum. It has multiple design centers, silicon, gallium arsenide and indium phosphide fabrication, manufacturing, assembly and test, and operational facilities throughout North America, Europe, Asia and Australia.

Insider Buying and Selling by Quarter for MACOM Technology Solutions Holdings (NASDAQ:MTSI)

Receive News & Ratings for MACOM Technology Solutions Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MACOM Technology Solutions Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.