Advisor Group Inc. Trims Position in MACOM Technology Solutions Holdings Inc (MTSI)

Advisor Group Inc. lessened its position in shares of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) by 39.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,277 shares of the semiconductor company’s stock after selling 2,828 shares during the quarter. Advisor Group Inc.’s holdings in MACOM Technology Solutions were worth $62,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MTSI. Cowen Prime Services LLC increased its position in MACOM Technology Solutions by 27.4% in the fourth quarter. Cowen Prime Services LLC now owns 50,258 shares of the semiconductor company’s stock worth $729,000 after buying an additional 10,818 shares in the last quarter. Macquarie Group Ltd. increased its position in MACOM Technology Solutions by 10.4% in the third quarter. Macquarie Group Ltd. now owns 499,363 shares of the semiconductor company’s stock worth $10,287,000 after buying an additional 47,198 shares in the last quarter. Nordea Investment Management AB increased its position in MACOM Technology Solutions by 52.7% in the third quarter. Nordea Investment Management AB now owns 201,659 shares of the semiconductor company’s stock worth $4,154,000 after buying an additional 69,627 shares in the last quarter. MetLife Investment Advisors LLC increased its position in MACOM Technology Solutions by 55.5% in the third quarter. MetLife Investment Advisors LLC now owns 29,517 shares of the semiconductor company’s stock worth $608,000 after buying an additional 10,533 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake 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 worth $82,709,000 after acquiring an additional 111,797 shares during the period. Institutional investors own 76.30% of the company’s stock.

In related news, SVP Vivek Rajgarhia sold 1,782 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 89,435 shares of the company’s stock, valued at $1,646,498.35. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider John Croteau sold 4,000 shares of the stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $17.08, for a total value of $68,320.00. Following the transaction, the insider now directly owns 136,777 shares of the company’s stock, valued at $2,336,151.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,492 shares of company stock valued at $186,622. 32.40% of the stock is owned by corporate insiders.

A number of equities analysts have recently weighed in on the company. BidaskClub lowered MACOM Technology Solutions from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Zacks Investment Research raised MACOM Technology Solutions from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Tuesday, December 18th. Craig Hallum lowered MACOM Technology Solutions from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $23.00 to $19.00 in a research note on Wednesday, February 6th. ValuEngine lowered MACOM Technology Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, February 7th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $25.00 price objective on shares of MACOM Technology Solutions in a research note on Friday. Four equities research analysts have rated the stock with a sell rating, five 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 $19.82.

NASDAQ MTSI opened at $16.38 on Tuesday. The stock has a market capitalization of $1.06 billion, a PE ratio of 117.00, a price-to-earnings-growth ratio of 7.53 and a beta of 2.35. The company has a debt-to-equity ratio of 1.05, a current ratio of 4.93 and a quick ratio of 3.63. MACOM Technology Solutions Holdings Inc has a twelve month low of $13.07 and a twelve month high of $25.92.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings results on Tuesday, February 5th. The semiconductor company reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. MACOM Technology Solutions had a positive return on equity of 1.78% and a negative net margin of 23.86%. The company had revenue of $150.69 million during the quarter, compared to analyst estimates of $153.14 million. During the same period in the prior year, the company earned $0.10 earnings per share. The firm’s revenue was up 15.1% on a year-over-year basis. Equities research analysts predict that MACOM Technology Solutions Holdings Inc will post 0.12 earnings per share for the current fiscal year.

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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.

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

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