MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) was the recipient of unusually large options trading on Tuesday. Traders acquired 1,294 call options on the stock. This represents an increase of 805% compared to the typical volume of 143 call options.
In related news, insider John Croteau sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $35.05, for a total value of $70,100.00. Following the completion of the sale, the insider now directly owns 147,219 shares in the company, valued at approximately $5,160,025.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 4,750 shares of company stock valued at $158,518. Corporate insiders own 32.20% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Group Inc. increased its position in shares of MACOM Technology Solutions by 6.6% during the second quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock valued at $128,000 after purchasing an additional 143 shares during the period. Ameritas Investment Partners Inc. increased its position in shares of MACOM Technology Solutions by 32.0% during the second quarter. Ameritas Investment Partners Inc. now owns 3,561 shares of the semiconductor company’s stock valued at $199,000 after purchasing an additional 864 shares during the period. ProShare Advisors LLC bought a new stake in shares of MACOM Technology Solutions during the second quarter valued at approximately $200,000. Prudential Financial Inc. bought a new stake in shares of MACOM Technology Solutions during the second quarter valued at approximately $236,000. Finally, SG Americas Securities LLC bought a new stake in shares of MACOM Technology Solutions during the third quarter valued at approximately $194,000. Institutional investors and hedge funds own 84.33% of the company’s stock.
MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.03). The business had revenue of $130.93 million during the quarter, compared to the consensus estimate of $132.91 million. MACOM Technology Solutions had a positive return on equity of 10.29% and a negative net margin of 28.19%. The business’s quarterly revenue was down 13.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 earnings per share. equities analysts anticipate that MACOM Technology Solutions will post 1.04 earnings per share for the current year.
Several equities research analysts recently weighed in on the company. BidaskClub lowered MACOM Technology Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Zacks Investment Research lowered MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report on Thursday. Stifel Nicolaus dropped their price target on MACOM Technology Solutions from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday. DA Davidson dropped their price target on MACOM Technology Solutions from $43.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Barclays downgraded MACOM Technology Solutions from an “overweight” rating to an “equal weight” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. MACOM Technology Solutions has an average rating of “Hold” and a consensus target price of $38.00.
MACOM Technology Solutions 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.
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