SG Americas Securities LLC raised its stake in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) by 151.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,261 shares of the semiconductor company’s stock after purchasing an additional 24,831 shares during the quarter. SG Americas Securities LLC’s holdings in MACOM Technology Solutions were worth $689,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in MACOM Technology Solutions by 37.7% in the fourth 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. FNY Investment Advisers LLC bought a new position in MACOM Technology Solutions in the first quarter valued at approximately $125,000. PEAK6 Investments LLC grew its stake in MACOM Technology Solutions by 174.2% in the fourth quarter. PEAK6 Investments LLC now owns 11,244 shares of the semiconductor company’s stock valued at $163,000 after purchasing an additional 26,392 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in MACOM Technology Solutions by 167.9% in the first quarter. Flagship Harbor Advisors LLC now owns 9,832 shares of the semiconductor company’s stock valued at $164,000 after purchasing an additional 6,162 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in MACOM Technology Solutions in the fourth quarter valued at approximately $199,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.
A number of research analysts have weighed in on MTSI shares. BidaskClub downgraded MACOM Technology Solutions from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Zacks Investment Research downgraded MACOM Technology Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Craig Hallum upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Wednesday, May 8th. DA Davidson downgraded MACOM Technology Solutions from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $20.00 to $16.00 in a research note on Thursday, April 25th. Finally, ValuEngine downgraded MACOM Technology Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, February 7th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $18.57.
MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Tuesday, May 7th. The semiconductor company reported ($0.18) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.09. MACOM Technology Solutions had a negative return on equity of 1.98% and a negative net margin of 30.19%. The company had revenue of $128.47 million during the quarter, compared to the consensus estimate of $121.06 million. During the same period in the previous year, the company posted $0.13 EPS. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. Analysts predict that MACOM Technology Solutions Holdings Inc will post -0.5 EPS for the current fiscal year.
In related news, SVP Vivek Rajgarhia sold 1,782 shares of MACOM Technology Solutions 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 sale, the senior vice president now directly owns 89,435 shares of the company’s stock, valued at approximately $1,646,498.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders have sold 6,492 shares of company stock valued at $118,302. 32.40% of the stock is currently owned by insiders.
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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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