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Envestnet Portfolio Solutions Inc. Sells 125 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Envestnet Portfolio Solutions Inc. Sells 125 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)


Envestnet Portfolio Solutions Inc. reduced its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Free Report) by 3.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,790 shares of the semiconductor company after selling 125 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in MACOM Technology Solutions were worth $362,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in MACOM Technology Solutions by 1.8% in the third quarter. Vanguard Group Inc. now owns 5,717,763 shares of the semiconductor company’s stock worth $466,455,000 after purchasing an additional 101,938 shares in the last quarter. Advisor Resource Council purchased a new position in MACOM Technology Solutions in the fourth quarter worth approximately $824,000. SG Americas Securities LLC increased its holdings in MACOM Technology Solutions by 53.6% in the fourth quarter. SG Americas Securities LLC now owns 30,950 shares of the semiconductor company’s stock worth $2,877,000 after purchasing an additional 10,804 shares in the last quarter. Raymond James & Associates increased its holdings in MACOM Technology Solutions by 2.9% in the fourth quarter. Raymond James & Associates now owns 36,837 shares of the semiconductor company’s stock worth $3,424,000 after acquiring an additional 1,054 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in MACOM Technology Solutions by 57.7% in the fourth quarter. Pacer Advisors Inc. now owns 13,872 shares of the semiconductor company’s stock worth $1,289,000 after purchasing an additional 5,078 shares during the period. 76.14% of the stock is held by institutional investors.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 16,396 shares of the company’s stock in a transaction on Tuesday, May 28. The shares were sold at an average price of $105.01, for a total transaction of $1,721,743.96. Following the completion of the sale, the Director now owns 6,988,517 shares of the company’s stock, valued at $733,864,170.17. The transaction was disclosed in a document filed with the SEC, which can be accessed at this link. In other news, Director Susan Ocampo sold 16,396 shares of MACOM Technology Solutions stock in a transaction on Tuesday, May 28. The shares were sold at an average price of $105.01, for a total transaction value of $1,721,743.96. Following the transaction, the CEO now directly owns 6,988,517 shares in the company, valued at approximately $733,864,170.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this hyperlink. Also, CFO John Kober sold 13,666 shares of MACOM Technology Solutions in a transaction on Tuesday, May 7. The shares were sold at an average price of $102.98, for a total value of $1,407,324.68. Following the completion of the transaction, the chief financial officer now owns 47,006 shares in the company, valued at $4,840,677.88. The disclosure for this sale can be found here. During the last quarter, insiders sold 533,427 shares of the company’s stock for $54,860,618. Company insiders own 22.75% of the company’s shares.

Changes in analyst ratings

Several analysts have recently weighed in on the company. Barclays increased their price target on MACOM Technology Solutions from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Benchmark increased their price target on shares of MACOM Technology Solutions from $95.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Evercore ISI assumed coverage on shares of MACOM Technology Solutions in a research note on Tuesday, April 16th. They set an “outperform” rating and a $120.00 price target on the company. Needham & Company LLC increased their price target on shares of MACOM Technology Solutions from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, Craig Hallum raised their price target on MACOM Technology Solutions from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Two equities analysts have rated the stock with a hold rating and nine have rated it with a buy rating. Based on data from MarketBeat, MACOM Technology Solutions has a consensus rating of “Moderate Buy” and an average price target of $113.00.

Read our latest report on MTSI

MACOM Technology Solutions stock price

MACOM Technology Solutions shares opened at $104.27 on Friday. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $64.13 and a 52-week high of $118.76. The company has a market cap of $7.52 billion, a PE ratio of 118.49, a P/E/G ratio of 5.50 and a beta of 1.70. The company has a 50-day moving average price of $106.36 and a 200-day moving average price of $97.05. The company has a debt-to-equity ratio of 0.47, a quick ratio of 5.70 and a current ratio of 7.34.

MACOM Technology Solutions (NASDAQ:MTSI – Get Free Report) last released its earnings results on Thursday, May 2nd. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.05). The company had revenue of $181.23 million during the quarter, compared to analysts’ expectations of $180.97 million. MACOM Technology Solutions had a return on equity of 12.67% and a net margin of 10.01%. As a group, equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post 1.93 EPS for the current year.

About MACOM Technology Solutions

(Free Report)

MACOM Technology Solutions Holdings, Inc., together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and fixed applications across the radio frequency (RF), microwave, millimeter wave, and light wave spectrums in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.

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Institutional Ownership by Quarter for MACOM Technology Solutions (NASDAQ:MTSI)



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