MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Charles R. Bland sold 250 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $45.04, for a total transaction of $11,260.00. Following the sale, the director now owns 23,840 shares of the company’s stock, valued at $1,073,753.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

MACOM Technology Solutions Holdings, Inc. (MTSI) traded down 0.97% during trading on Wednesday, hitting $42.76. 659,927 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $43.17 and its 200 day moving average price is $50.87. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $35.33 and a 12-month high of $65.99. The firm’s market cap is $2.75 billion.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last posted its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). The business had revenue of $194.56 million for the quarter, compared to analysts’ expectations of $194.93 million. MACOM Technology Solutions Holdings had a positive return on equity of 17.21% and a negative net margin of 22.43%. The business’s quarterly revenue was up 36.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 earnings per share. Equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post $2.33 earnings per share for the current fiscal year.

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Several analysts recently issued reports on MTSI shares. BidaskClub lowered shares of MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Raymond James Financial, Inc. restated a “market perform” rating on shares of MACOM Technology Solutions Holdings in a research report on Thursday, September 14th. Needham & Company LLC restated a “buy” rating and set a $56.00 target price (down from $65.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, August 2nd. Jefferies Group LLC restated a “buy” rating and set a $61.00 target price (down from $66.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, August 2nd. Finally, Craig Hallum restated a “buy” rating and set a $54.00 target price on shares of MACOM Technology Solutions Holdings in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $58.20.

Several hedge funds and other institutional investors have recently modified their holdings of MTSI. Great West Life Assurance Co. Can grew its stake in shares of MACOM Technology Solutions Holdings by 96.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 4,713 shares of the semiconductor company’s stock worth $227,000 after purchasing an additional 2,313 shares during the period. State Board of Administration of Florida Retirement System grew its stake in shares of MACOM Technology Solutions Holdings by 111.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 14,486 shares of the semiconductor company’s stock worth $700,000 after purchasing an additional 7,641 shares during the period. First Trust Advisors LP grew its stake in shares of MACOM Technology Solutions Holdings by 18.6% during the 1st quarter. First Trust Advisors LP now owns 24,443 shares of the semiconductor company’s stock worth $1,181,000 after purchasing an additional 3,832 shares during the period. US Bancorp DE grew its stake in shares of MACOM Technology Solutions Holdings by 6.6% during the 1st quarter. US Bancorp DE now owns 6,479 shares of the semiconductor company’s stock worth $312,000 after purchasing an additional 402 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of MACOM Technology Solutions Holdings by 19.3% during the 1st quarter. Bank of New York Mellon Corp now owns 214,505 shares of the semiconductor company’s stock worth $10,360,000 after purchasing an additional 34,635 shares during the period. 79.65% of the stock is currently owned by institutional investors and hedge funds.

MACOM Technology Solutions Holdings Company Profile

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)

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