MACOM Technology Solutions Holdings Inc (MTSI) Position Reduced by Granite Point Capital Management L.P.

Granite Point Capital Management L.P. decreased its stake in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) by 62.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,200 shares of the semiconductor company’s stock after selling 85,000 shares during the quarter. Granite Point Capital Management L.P. owned approximately 0.08% of MACOM Technology Solutions worth $728,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of MACOM Technology Solutions by 37.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,769 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 1,032 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of MACOM Technology Solutions during the 4th quarter valued at $199,000. MML Investors Services LLC raised its holdings in shares of MACOM Technology Solutions by 55.2% during the 3rd quarter. MML Investors Services LLC now owns 15,664 shares of the semiconductor company’s stock valued at $323,000 after purchasing an additional 5,571 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of MACOM Technology Solutions by 277.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 16,443 shares of the semiconductor company’s stock valued at $339,000 after purchasing an additional 12,084 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of MACOM Technology Solutions during the 3rd quarter valued at $371,000. Institutional investors own 83.49% of the company’s stock.

Shares of MTSI opened at $16.46 on Monday. The firm has a market capitalization of $1.08 billion, a P/E ratio of 117.57, a PEG ratio of 9.89 and a beta of 2.32. MACOM Technology Solutions Holdings Inc has a one year low of $13.07 and a one year high of $25.92. 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 EPS for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $150.69 million for the quarter, compared to the consensus estimate of $153.14 million. MACOM Technology Solutions had a negative net margin of 23.86% and a positive return on equity of 1.78%. The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.10 EPS. On average, research analysts expect that MACOM Technology Solutions Holdings Inc will post 0.09 EPS for the current fiscal year.

A number of research firms have recently weighed in on MTSI. ValuEngine downgraded shares of MACOM Technology Solutions from a “hold” rating to a “sell” rating in a report on Thursday. Needham & Company LLC cut their price target on shares of MACOM Technology Solutions from $27.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, February 6th. Craig Hallum downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating and cut their price target for the company from $23.00 to $19.00 in a report on Wednesday, February 6th. BidaskClub upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Finally, Zacks Investment Research downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. MACOM Technology Solutions has a consensus rating of “Hold” and an average price target of $20.25.

In other MACOM Technology Solutions news, CFO Robert Mcmullan sold 15,000 shares of the firm’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $16.91, for a total value of $253,650.00. Following the sale, the chief financial officer now directly owns 52,561 shares in the company, valued at approximately $888,806.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Alex Behfar sold 6,043 shares of the firm’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $17.07, for a total transaction of $103,154.01. Following the completion of the sale, the senior vice president now owns 50,329 shares in the company, valued at $859,116.03. The disclosure for this sale can be found here. Insiders sold a total of 27,043 shares of company stock worth $459,764 in the last quarter. Insiders own 32.40% of the company’s stock.

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MACOM Technology Solutions Company 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.

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

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