Kennedy Capital Management LLC Has $6.69 Million Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Kennedy Capital Management LLC trimmed its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 33.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 69,991 shares of the semiconductor company’s stock after selling 34,634 shares during the period. Kennedy Capital Management LLC owned approximately 0.10% of MACOM Technology Solutions worth $6,694,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in MTSI. Vanguard Group Inc. lifted its stake in MACOM Technology Solutions by 8.1% during the first quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock worth $592,395,000 after purchasing an additional 465,759 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of MACOM Technology Solutions by 12.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company’s stock worth $132,821,000 after buying an additional 154,066 shares during the period. The Manufacturers Life Insurance Company boosted its stake in MACOM Technology Solutions by 4.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 539,249 shares of the semiconductor company’s stock valued at $50,123,000 after buying an additional 23,788 shares in the last quarter. Principal Financial Group Inc. grew its position in MACOM Technology Solutions by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 517,283 shares of the semiconductor company’s stock valued at $48,081,000 after acquiring an additional 22,662 shares during the period. Finally, Norges Bank acquired a new position in MACOM Technology Solutions during the fourth quarter worth $44,250,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Susan Ocampo sold 7,326 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $102.01, for a total value of $747,325.26. Following the sale, the director now directly owns 7,894,952 shares in the company, valued at $805,364,053.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, SVP Donghyun Thomas Hwang sold 7,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $102.65, for a total value of $718,550.00. Following the sale, the senior vice president now owns 41,325 shares of the company’s stock, valued at $4,242,011.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Susan Ocampo sold 7,326 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $102.01, for a total transaction of $747,325.26. Following the completion of the transaction, the director now directly owns 7,894,952 shares of the company’s stock, valued at approximately $805,364,053.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 538,427 shares of company stock valued at $55,391,868. Company insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Stock Up 3.2 %

Shares of MTSI traded up $3.10 on Wednesday, hitting $99.08. The company’s stock had a trading volume of 65,581 shares, compared to its average volume of 592,638. The firm’s fifty day moving average price is $106.21 and its 200-day moving average price is $98.05. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $66.86 and a fifty-two week high of $118.76. The company has a quick ratio of 5.70, a current ratio of 7.34 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 109.07, a P/E/G ratio of 5.09 and a beta of 1.70.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.05). MACOM Technology Solutions had a net margin of 10.01% and a return on equity of 12.67%. The company had revenue of $181.23 million during the quarter, compared to analyst estimates of $180.97 million. On average, equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 1.92 EPS for the current year.

Analyst Ratings Changes

MTSI has been the subject of a number of recent analyst reports. Benchmark increased their target price on shares of MACOM Technology Solutions from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Craig Hallum raised their price objective on shares of MACOM Technology Solutions from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Needham & Company LLC upped their target price 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. Barclays raised their price target on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $135.00 price objective (up previously from $100.00) on shares of MACOM Technology Solutions in a report on Monday, May 13th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $113.00.

MACOM Technology Solutions Company Profile

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