Teacher Retirement System of Texas Raises Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Teacher Retirement System of Texas boosted its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 17.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,119 shares of the semiconductor company’s stock after purchasing an additional 931 shares during the period. Teacher Retirement System of Texas’ holdings in MACOM Technology Solutions were worth $392,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. BlackRock Inc. grew its position in MACOM Technology Solutions by 17.0% during the 1st quarter. BlackRock Inc. now owns 4,374,889 shares of the semiconductor company’s stock worth $253,832,000 after purchasing an additional 636,023 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of MACOM Technology Solutions by 45.6% in the 2nd quarter. Alliancebernstein L.P. now owns 3,099,534 shares of the semiconductor company’s stock worth $198,618,000 after acquiring an additional 971,294 shares during the period. Victory Capital Management Inc. lifted its stake in shares of MACOM Technology Solutions by 1.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,262,244 shares of the semiconductor company’s stock worth $144,964,000 after acquiring an additional 37,037 shares during the period. GW&K Investment Management LLC lifted its stake in shares of MACOM Technology Solutions by 0.8% in the 1st quarter. GW&K Investment Management LLC now owns 1,036,493 shares of the semiconductor company’s stock worth $60,137,000 after acquiring an additional 7,977 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of MACOM Technology Solutions by 172.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,020,169 shares of the semiconductor company’s stock worth $59,190,000 after acquiring an additional 645,328 shares during the period. 70.93% of the stock is currently owned by institutional investors.

In other news, SVP Robert Dennehy sold 6,679 shares of MACOM Technology Solutions stock in a transaction dated Friday, September 10th. The shares were sold at an average price of $65.00, for a total transaction of $434,135.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen G. Daly sold 400 shares of MACOM Technology Solutions stock in a transaction dated Tuesday, July 6th. The stock was sold at an average price of $62.68, for a total transaction of $25,072.00. Following the sale, the chief executive officer now owns 243,447 shares of the company’s stock, valued at $15,259,257.96. The disclosure for this sale can be found here. Insiders have sold a total of 548,831 shares of company stock valued at $34,300,292 over the last 90 days. 30.10% of the stock is currently owned by insiders.

Several research firms have recently commented on MTSI. Cowen raised their target price on shares of MACOM Technology Solutions from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, June 18th. Westpark Capital initiated coverage on shares of MACOM Technology Solutions in a research note on Tuesday, May 25th. They issued a “buy” rating for the company. Needham & Company LLC raised their price objective on shares of MACOM Technology Solutions from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, July 30th. Finally, Zacks Investment Research upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Thursday, August 5th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $61.89.

NASDAQ:MTSI opened at $62.70 on Wednesday. The company has a current ratio of 5.47, a quick ratio of 4.51 and a debt-to-equity ratio of 1.17. The firm has a 50-day moving average price of $60.70 and a two-hundred day moving average price of $59.65. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $31.51 and a twelve month high of $69.29. The company has a market capitalization of $4.31 billion, a P/E ratio of 122.94, a price-to-earnings-growth ratio of 1.02 and a beta of 2.20.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results on Thursday, July 29th. The semiconductor company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.17. MACOM Technology Solutions had a net margin of 6.40% and a return on equity of 25.55%. On average, equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 1.58 earnings per share for the current year.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc engages in the design, development, manufacture and market of semiconductors and modules. Its products include integrated circuits (IC), multi-chip modules (MCM), power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems.

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

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