9,138 Shares in MACOM Technology Solutions Holdings Inc (MTSI) Acquired by Teacher Retirement System of Texas

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Teacher Retirement System of Texas purchased a new stake in shares of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 9,138 shares of the semiconductor company’s stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Isthmus Partners LLC boosted its position in MACOM Technology Solutions by 12.4% during the 1st quarter. Isthmus Partners LLC now owns 21,583 shares of the semiconductor company’s stock valued at $358,000 after buying an additional 2,373 shares during the period. Thrivent Financial for Lutherans boosted its position in MACOM Technology Solutions by 0.6% during the 1st quarter. Thrivent Financial for Lutherans now owns 646,847 shares of the semiconductor company’s stock valued at $10,738,000 after buying an additional 3,847 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in MACOM Technology Solutions by 72.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 10,274 shares of the semiconductor company’s stock valued at $171,000 after buying an additional 4,306 shares during the period. Massachusetts Financial Services Co. MA boosted its position in MACOM Technology Solutions by 1.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 309,697 shares of the semiconductor company’s stock valued at $7,135,000 after buying an additional 4,310 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in MACOM Technology Solutions by 3.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 199,012 shares of the semiconductor company’s stock valued at $3,304,000 after buying an additional 6,042 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

In related news, Chairman John L. Ocampo bought 97,800 shares of the company’s stock in a transaction dated Friday, August 3rd. The stock was purchased at an average cost of $20.95 per share, with a total value of $2,048,910.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Croteau sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $21.05, for a total transaction of $84,200.00. Following the completion of the sale, the insider now directly owns 115,118 shares of the company’s stock, valued at $2,423,233.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,500 shares of company stock valued at $95,258. Corporate insiders own 32.20% of the company’s stock.

NASDAQ:MTSI opened at $21.89 on Friday. MACOM Technology Solutions Holdings Inc has a 12 month low of $15.46 and a 12 month high of $46.33. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.97 and a quick ratio of 3.62. The stock has a market capitalization of $1.48 billion, a PE ratio of 11.64, a P/E/G ratio of 39.10 and a beta of 1.75.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results on Tuesday, July 31st. The semiconductor company reported $0.13 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. MACOM Technology Solutions had a negative net margin of 22.92% and a positive return on equity of 3.33%. The firm had revenue of $137.87 million during the quarter, compared to analysts’ expectations of $146.71 million. During the same period last year, the company posted $0.67 EPS. The company’s quarterly revenue was down 29.1% compared to the same quarter last year. research analysts forecast that MACOM Technology Solutions Holdings Inc will post 0.03 earnings per share for the current year.

Several brokerages have weighed in on MTSI. BidaskClub raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, July 7th. 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. Bank of America increased their price target on shares of MACOM Technology Solutions from $18.00 to $19.00 and gave the company an “underperform” rating in a research report on Wednesday, August 1st. Needham & Company LLC reissued a “buy” rating and set a $34.00 price target on shares of MACOM Technology Solutions in a research report on Wednesday, August 1st. Finally, Craig Hallum set a $26.00 price target on shares of MACOM Technology Solutions and gave the company an “in-line” rating in a research report on Wednesday, August 1st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. MACOM Technology Solutions has an average rating of “Hold” and an average target price of $32.53.

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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