Bank of Montreal Can Decreases Holdings in MACOM Technology Solutions Holdings, Inc. (MTSI)

Bank of Montreal Can decreased its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,548 shares of the semiconductor company’s stock after selling 41 shares during the period. Bank of Montreal Can’s holdings in MACOM Technology Solutions Holdings were worth $142,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Lazard Asset Management LLC boosted its stake in shares of MACOM Technology Solutions Holdings by 5.0% during the 1st quarter. Lazard Asset Management LLC now owns 707,675 shares of the semiconductor company’s stock worth $34,180,000 after acquiring an additional 33,460 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of MACOM Technology Solutions Holdings by 2.2% during the 1st quarter. Russell Investments Group Ltd. now owns 202,629 shares of the semiconductor company’s stock worth $9,787,000 after acquiring an additional 4,280 shares in the last quarter. Sei Investments Co. boosted its stake in shares of MACOM Technology Solutions Holdings by 4.5% during the 1st quarter. Sei Investments Co. now owns 11,001 shares of the semiconductor company’s stock worth $531,000 after acquiring an additional 470 shares in the last quarter. AXA boosted its stake in shares of MACOM Technology Solutions Holdings by 28.6% during the 1st quarter. AXA now owns 54,000 shares of the semiconductor company’s stock worth $2,608,000 after acquiring an additional 12,000 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of MACOM Technology Solutions Holdings by 73.6% during the 1st quarter. UBS Group AG now owns 19,979 shares of the semiconductor company’s stock worth $965,000 after acquiring an additional 8,470 shares in the last quarter. Institutional investors own 79.85% of the company’s stock.

MACOM Technology Solutions Holdings, Inc. (NASDAQ MTSI) traded up 2.26% during midday trading on Friday, reaching $44.42. The company had a trading volume of 205,224 shares. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $35.33 and a 52-week high of $65.99. The company’s market capitalization is $2.85 billion. The company’s 50 day moving average is $44.93 and its 200-day moving average is $51.05.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last issued its earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.01). The business had revenue of $194.56 million for the quarter, compared to the consensus estimate of $194.93 million. MACOM Technology Solutions Holdings had a positive return on equity of 17.21% and a negative net margin of 22.43%. The company’s quarterly revenue was up 36.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 earnings per share. Equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post $2.33 earnings per share for the current fiscal year.

MTSI has been the topic of several research analyst reports. Needham & Company LLC reissued a “buy” rating and set a $56.00 price target on shares of MACOM Technology Solutions Holdings in a research note on Tuesday, September 5th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of MACOM Technology Solutions Holdings in a research note on Thursday. Stifel Nicolaus decreased their price target on MACOM Technology Solutions Holdings from $64.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, August 2nd. BidaskClub raised MACOM Technology Solutions Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $61.00 price target (down previously from $66.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $55.50.

In related news, SVP Donghyun Thomas Hwang sold 4,225 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $59.95, for a total value of $253,288.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles R. Bland sold 1,750 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $55.75, for a total transaction of $97,562.50. Following the completion of the transaction, the director now directly owns 25,190 shares of the company’s stock, valued at approximately $1,404,342.50. The disclosure for this sale can be found here. Insiders have sold 29,117 shares of company stock valued at $1,755,579 over the last 90 days. 42.30% of the stock is currently owned by insiders.

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About MACOM Technology Solutions Holdings

MACOM Technology Solutions Holdings, Inc is a provider of high-performance analog semiconductor solutions that enable Internet applications, the cloud-connected applications economy, and the networked battlefield across the radio frequency (RF), microwave, millimeterwave and photonic spectrum. It has multiple design centers, silicon, gallium arsenide and indium phosphide fabrication, manufacturing, assembly and test, and operational facilities throughout North America, Europe, Asia and Australia.

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

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