MACOM Technology Solutions Holdings Inc (MTSI) Shares Bought by NJ State Employees Deferred Compensation Plan

NJ State Employees Deferred Compensation Plan lifted its holdings in shares of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) by 75.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,000 shares of the semiconductor company’s stock after purchasing an additional 9,000 shares during the quarter. NJ State Employees Deferred Compensation Plan’s holdings in MACOM Technology Solutions were worth $351,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of MACOM Technology Solutions by 37.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,769 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 1,032 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of MACOM Technology Solutions during the first quarter worth about $80,000. FNY Investment Advisers LLC acquired a new stake in shares of MACOM Technology Solutions during the first quarter worth about $125,000. Flagship Harbor Advisors LLC raised its position in shares of MACOM Technology Solutions by 167.9% during the first quarter. Flagship Harbor Advisors LLC now owns 9,832 shares of the semiconductor company’s stock worth $164,000 after purchasing an additional 6,162 shares during the period. Finally, PEAK6 Investments LLC raised its position in shares of MACOM Technology Solutions by 174.2% during the fourth quarter. PEAK6 Investments LLC now owns 11,244 shares of the semiconductor company’s stock worth $163,000 after purchasing an additional 26,392 shares during the period. 76.26% of the stock is currently owned by institutional investors.

A number of brokerages recently issued reports on MTSI. ValuEngine raised MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. Zacks Investment Research raised MACOM Technology Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. BidaskClub lowered MACOM Technology Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. Needham & Company LLC reissued a “buy” rating and issued a $20.00 target price on shares of MACOM Technology Solutions in a research report on Thursday, April 25th. Finally, Northland Securities reissued a “buy” rating and issued a $25.00 target price on shares of MACOM Technology Solutions in a research report on Friday, April 12th. Six investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. MACOM Technology Solutions presently has a consensus rating of “Hold” and a consensus price target of $18.24.

In other MACOM Technology Solutions news, insider John Croteau sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $17.08, for a total transaction of $68,320.00. Following the transaction, the insider now owns 136,777 shares of the company’s stock, valued at approximately $2,336,151.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Vivek Rajgarhia sold 1,782 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $18.41, for a total value of $32,806.62. Following the transaction, the senior vice president now directly owns 89,435 shares in the company, valued at approximately $1,646,498.35. The disclosure for this sale can be found here. Insiders have sold a total of 10,492 shares of company stock worth $186,622 in the last ninety days. Insiders own 32.40% of the company’s stock.

Shares of MACOM Technology Solutions stock opened at $13.53 on Friday. MACOM Technology Solutions Holdings Inc has a 52-week low of $13.07 and a 52-week high of $25.92. The company has a market capitalization of $884.66 million, a P/E ratio of 96.64 and a beta of 2.22. The company has a current ratio of 4.93, a quick ratio of 3.63 and a debt-to-equity ratio of 1.05.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Tuesday, February 5th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.20. MACOM Technology Solutions had a positive return on equity of 1.78% and a negative net margin of 23.86%. The business had revenue of $150.69 million for the quarter, compared to analyst estimates of $153.14 million. During the same quarter last year, the firm earned $0.10 EPS. MACOM Technology Solutions’s revenue for the quarter was up 15.1% compared to the same quarter last year. Research analysts forecast that MACOM Technology Solutions Holdings Inc will post -0.42 earnings per share for the current year.

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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 lightwave spectrum products in the United States, China, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, including integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and subsystems for approximately 60 product lines.

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

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