MACOM Technology Solutions Holdings, Inc. (MTSI) Stake Boosted by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System raised its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 111.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,486 shares of the semiconductor company’s stock after buying an additional 7,641 shares during the period. State Board of Administration of Florida Retirement System’s holdings in MACOM Technology Solutions Holdings were worth $700,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Essex Investment Management Co. LLC boosted its position in MACOM Technology Solutions Holdings by 0.8% in the first quarter. Essex Investment Management Co. LLC now owns 27,740 shares of the semiconductor company’s stock worth $1,340,000 after buying an additional 218 shares during the last quarter. AQR Capital Management LLC boosted its position in MACOM Technology Solutions Holdings by 2.6% in the fourth quarter. AQR Capital Management LLC now owns 17,601 shares of the semiconductor company’s stock worth $815,000 after buying an additional 450 shares during the last quarter. First Mercantile Trust Co. boosted its position in MACOM Technology Solutions Holdings by 24.2% in the first quarter. First Mercantile Trust Co. now owns 2,372 shares of the semiconductor company’s stock worth $115,000 after buying an additional 462 shares during the last quarter. Teachers Advisors LLC boosted its position in MACOM Technology Solutions Holdings by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 38,028 shares of the semiconductor company’s stock worth $1,760,000 after buying an additional 530 shares during the last quarter. Finally, Sit Investment Associates Inc. boosted its position in MACOM Technology Solutions Holdings by 2.1% in the first quarter. Sit Investment Associates Inc. now owns 67,775 shares of the semiconductor company’s stock worth $3,274,000 after buying an additional 1,425 shares during the last quarter. Institutional investors and hedge funds own 72.79% of the company’s stock.

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

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) opened at 56.59 on Thursday. The stock’s 50 day moving average price is $54.95 and its 200-day moving average price is $49.76. MACOM Technology Solutions Holdings, Inc. has a one year low of $29.56 and a one year high of $61.70. The company’s market cap is $3.61 billion.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last posted its quarterly earnings data on Tuesday, April 25th. The semiconductor company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. MACOM Technology Solutions Holdings had a negative net margin of 16.35% and a positive return on equity of 17.86%. The firm had revenue of $186.08 million during the quarter, compared to analyst estimates of $182.73 million. During the same quarter last year, the business posted $0.46 EPS. The company’s revenue for the quarter was up 39.3% on a year-over-year basis. On average, analysts expect that MACOM Technology Solutions Holdings, Inc. will post $2.65 EPS for the current year.

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A number of research firms recently commented on MTSI. Jefferies Group LLC reiterated a “buy” rating and set a $66.00 price target on shares of MACOM Technology Solutions Holdings in a report on Wednesday, May 17th. Barclays PLC lifted their price target on MACOM Technology Solutions Holdings from $52.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, April 3rd. Stifel Nicolaus lifted their price target on MACOM Technology Solutions Holdings from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Tuesday, June 6th. Zacks Investment Research cut MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, April 19th. Finally, Needham & Company LLC lifted their price target on MACOM Technology Solutions Holdings from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $54.86.

In other news, Director Charles R. Bland sold 1,750 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $49.77, for a total transaction of $87,097.50. Following the completion of the sale, the director now owns 29,090 shares in the company, valued at approximately $1,447,809.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Charles R. Bland sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $59.35, for a total transaction of $59,350.00. Following the sale, the director now owns 26,840 shares of the company’s stock, valued at approximately $1,592,954. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 631,299 shares of company stock valued at $35,245,920. 42.30% of the stock is currently owned by company insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MTSI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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