Spark Investment Management LLC Sells 94,000 Shares of MACOM Technology Solutions Holdings Inc (MTSI)

Spark Investment Management LLC lowered its stake in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) by 58.5% during the first quarter, HoldingsChannel.com reports. The firm owned 66,600 shares of the semiconductor company’s stock after selling 94,000 shares during the quarter. Spark Investment Management LLC’s holdings in MACOM Technology Solutions were worth $1,112,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of MACOM Technology Solutions by 2.9% in the third quarter. Vanguard Group Inc. now owns 4,015,004 shares of the semiconductor company’s stock valued at $82,709,000 after purchasing an additional 111,797 shares during the period. BlackRock Inc. increased its holdings in shares of MACOM Technology Solutions by 2.9% in the fourth quarter. BlackRock Inc. now owns 3,077,685 shares of the semiconductor company’s stock valued at $44,656,000 after purchasing an additional 87,704 shares during the period. Yiheng Capital LLC increased its holdings in shares of MACOM Technology Solutions by 43.8% in the fourth quarter. Yiheng Capital LLC now owns 2,748,749 shares of the semiconductor company’s stock valued at $39,884,000 after purchasing an additional 837,740 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in shares of MACOM Technology Solutions by 203.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,043,898 shares of the semiconductor company’s stock valued at $15,147,000 after purchasing an additional 699,946 shares during the period. Finally, Royce & Associates LP increased its holdings in shares of MACOM Technology Solutions by 17.8% in the fourth quarter. Royce & Associates LP now owns 1,006,943 shares of the semiconductor company’s stock valued at $14,611,000 after purchasing an additional 152,168 shares during the period. 76.48% of the stock is currently owned by institutional investors and hedge funds.

MACOM Technology Solutions stock opened at $13.60 on Wednesday. The company has a current ratio of 5.01, a quick ratio of 3.66 and a debt-to-equity ratio of 1.11. MACOM Technology Solutions Holdings Inc has a 1-year low of $12.33 and a 1-year high of $25.92. The company has a market capitalization of $929.65 million, a P/E ratio of 97.14 and a beta of 2.22.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results on Tuesday, May 7th. The semiconductor company reported ($0.18) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.09. The company had revenue of $128.47 million for the quarter, compared to the consensus estimate of $121.06 million. MACOM Technology Solutions had a negative return on equity of 1.98% and a negative net margin of 30.19%. MACOM Technology Solutions’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 earnings per share. On average, equities analysts anticipate that MACOM Technology Solutions Holdings Inc will post -0.5 earnings per share for the current fiscal year.

A number of research firms recently weighed in on MTSI. BidaskClub upgraded MACOM Technology Solutions from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 27th. ValuEngine upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, March 19th. Craig Hallum downgraded MACOM Technology Solutions from a “buy” rating to a “hold” rating and decreased their price target for the company from $23.00 to $19.00 in a research note on Wednesday, February 6th. Needham & Company LLC decreased their price target on MACOM Technology Solutions from $27.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, February 6th. Finally, Zacks Investment Research upgraded MACOM Technology Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Five analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. MACOM Technology Solutions presently has a consensus rating of “Hold” and a consensus target price of $18.40.

In other MACOM Technology Solutions news, SVP Vivek Rajgarhia sold 1,782 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $18.41, for a total transaction of $32,806.62. Following the sale, the senior vice president now directly owns 89,435 shares in the company, valued at $1,646,498.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have sold 6,492 shares of company stock worth $118,302. 32.40% of the stock is owned by company insiders.

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MACOM Technology Solutions Profile

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.

See Also: Equity Income

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

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