Cambridge Investment Research Advisors Inc. Boosts Holdings in MACOM Technology Solutions Holdings Inc (MTSI)

Cambridge Investment Research Advisors Inc. raised its stake in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) by 374.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,085 shares of the semiconductor company’s stock after acquiring an additional 33,220 shares during the quarter. Cambridge Investment Research Advisors Inc. owned about 0.06% of MACOM Technology Solutions worth $867,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Flagship Harbor Advisors LLC acquired a new stake in shares of MACOM Technology Solutions during the 2nd quarter worth approximately $166,000. Teacher Retirement System of Texas acquired a new stake in shares of MACOM Technology Solutions during the 2nd quarter worth approximately $211,000. Segall Bryant & Hamill LLC acquired a new stake in shares of MACOM Technology Solutions during the 2nd quarter worth approximately $420,000. First Trust Advisors LP acquired a new stake in shares of MACOM Technology Solutions during the 3rd quarter worth approximately $544,000. Finally, Price Capital Management Inc. acquired a new stake in shares of MACOM Technology Solutions during the 2nd quarter worth approximately $673,000. Hedge funds and other institutional investors own 84.95% of the company’s stock.

Shares of NASDAQ MTSI opened at $17.13 on Friday. The company has a market cap of $1.13 billion, a P/E ratio of 122.36, a PEG ratio of 1.66 and a beta of 2.11. The company has a quick ratio of 3.62, a current ratio of 4.29 and a debt-to-equity ratio of 1.03. MACOM Technology Solutions Holdings Inc has a 52-week low of $13.07 and a 52-week high of $38.36.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Tuesday, November 13th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.16. The firm had revenue of $151.19 million during the quarter, compared to analysts’ expectations of $152.75 million. MACOM Technology Solutions had a negative net margin of 24.54% and a positive return on equity of 0.87%. The business’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.46 earnings per share. As a group, equities research analysts predict that MACOM Technology Solutions Holdings Inc will post 0.57 earnings per share for the current year.

In other MACOM Technology Solutions news, insider John Croteau sold 6,000 shares of MACOM Technology Solutions stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $17.16, for a total value of $102,960.00. Following the transaction, the insider now owns 140,777 shares of the company’s stock, valued at $2,415,733.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert Mcmullan sold 15,000 shares of MACOM Technology Solutions stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $16.91, for a total transaction of $253,650.00. Following the completion of the transaction, the chief financial officer now directly owns 52,561 shares in the company, valued at approximately $888,806.51. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,043 shares of company stock valued at $459,764. Corporate insiders own 32.20% of the company’s stock.

Several brokerages have recently commented on MTSI. BidaskClub upgraded shares of MACOM Technology Solutions from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 3rd. JPMorgan Chase & Co. cut shares of MACOM Technology Solutions from a “neutral” rating to an “underweight” rating and set a $45.00 price target for the company. in a research report on Tuesday, August 14th. Zacks Investment Research upgraded shares of MACOM Technology Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, November 19th. ValuEngine upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Finally, Bank of America boosted their price objective on shares of MACOM Technology Solutions from $18.00 to $19.00 and gave the company an “underperform” rating in a report on Wednesday, August 1st. Four analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $23.45.

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About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and photonic semiconductor solutions in the United States, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, which include integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems for more than 60 product lines.

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

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