MACOM Technology Solutions Holdings, Inc. (MTSI) Position Cut by Argent Capital Management LLC

Argent Capital Management LLC lessened its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 33.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 83,900 shares of the semiconductor company’s stock after selling 41,750 shares during the quarter. Argent Capital Management LLC owned about 0.13% of MACOM Technology Solutions Holdings worth $4,679,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in MACOM Technology Solutions Holdings by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,444,631 shares of the semiconductor company’s stock valued at $192,107,000 after purchasing an additional 269,836 shares during the period. Ameriprise Financial Inc. raised its stake in MACOM Technology Solutions Holdings by 1,136.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,820,161 shares of the semiconductor company’s stock valued at $157,274,000 after purchasing an additional 2,592,080 shares during the period. BlackRock Inc. raised its stake in MACOM Technology Solutions Holdings by 16.7% during the 2nd quarter. BlackRock Inc. now owns 2,394,921 shares of the semiconductor company’s stock valued at $133,565,000 after purchasing an additional 342,102 shares during the period. Frontier Capital Management Co. LLC raised its stake in MACOM Technology Solutions Holdings by 603.9% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,117,831 shares of the semiconductor company’s stock valued at $118,111,000 after purchasing an additional 1,816,972 shares during the period. Finally, FMR LLC raised its stake in MACOM Technology Solutions Holdings by 54.5% during the 1st quarter. FMR LLC now owns 1,264,242 shares of the semiconductor company’s stock valued at $61,063,000 after purchasing an additional 445,749 shares during the period. 79.65% of the stock is currently owned by institutional investors.

MACOM Technology Solutions Holdings, Inc. (MTSI) traded up 1.64% during trading on Friday, reaching $43.44. The company’s stock had a trading volume of 614,545 shares. The firm’s market capitalization is $2.79 billion. MACOM Technology Solutions Holdings, Inc. has a one year low of $35.33 and a one year high of $65.99. The stock has a 50-day moving average of $43.32 and a 200 day moving average of $50.73.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last announced its earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). MACOM Technology Solutions Holdings had a negative net margin of 22.43% and a positive return on equity of 17.21%. The firm had revenue of $194.56 million for the quarter, compared to analyst estimates of $194.93 million. During the same period in the previous year, the company earned $0.51 EPS. MACOM Technology Solutions Holdings’s revenue was up 36.7% compared to the same quarter last year. On average, equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post $2.33 EPS for the current fiscal year.

Several analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $56.00 target price (down previously from $65.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Jefferies Group LLC reissued a “buy” rating and set a $61.00 target price (down previously from $66.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Stifel Nicolaus decreased their target price on MACOM Technology Solutions Holdings from $64.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, August 2nd. Barclays PLC reissued an “overweight” rating and set a $63.00 target price (down previously from $70.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Finally, BidaskClub upgraded MACOM Technology Solutions Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. MACOM Technology Solutions Holdings presently has an average rating of “Buy” and a consensus target price of $58.20.

COPYRIGHT VIOLATION WARNING: “MACOM Technology Solutions Holdings, Inc. (MTSI) Position Cut by Argent Capital Management LLC” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/08/macom-technology-solutions-holdings-inc-mtsi-position-cut-by-argent-capital-management-llc.html.

In other news, Director Geoffrey G. Ribar bought 5,000 shares of MACOM Technology Solutions Holdings stock in a transaction on Monday, August 28th. The stock was acquired at an average price of $43.37 per share, with a total value of $216,850.00. Following the completion of the acquisition, the director now directly owns 11,063 shares of the company’s stock, valued at $479,802.31. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John Croteau sold 2,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $45.20, for a total value of $90,400.00. The disclosure for this sale can be found MTSI) traded up 1.64% during trading on Friday, reaching $43.44. The company’s stock had a trading volume of 614,545 shares. The firm’s market capitalization is $2.79 billion. MACOM Technology Solutions Holdings, Inc. has a one year low of $35.33 and a one year high of $65.99. The stock has a 50-day moving average of $43.32 and a 200 day moving average of $50.73.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last announced its earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). MACOM Technology Solutions Holdings had a negative net margin of 22.43% and a positive return on equity of 17.21%. The firm had revenue of $194.56 million for the quarter, compared to analyst estimates of $194.93 million. During the same period in the previous year, the company earned $0.51 EPS. MACOM Technology Solutions Holdings’s revenue was up 36.7% compared to the same quarter last year. On average, equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post $2.33 EPS for the current fiscal year.

Several analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $56.00 target price (down previously from $65.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Jefferies Group LLC reissued a “buy” rating and set a $61.00 target price (down previously from $66.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Stifel Nicolaus decreased their target price on MACOM Technology Solutions Holdings from $64.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, August 2nd. Barclays PLC reissued an “overweight” rating and set a $63.00 target price (down previously from $70.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Finally, BidaskClub upgraded MACOM Technology Solutions Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. MACOM Technology Solutions Holdings presently has an average rating of “Buy” and a consensus target price of $58.20.

COPYRIGHT VIOLATION WARNING: “MACOM Technology Solutions Holdings, Inc. (MTSI) Position Cut by Argent Capital Management LLC” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/08/macom-technology-solutions-holdings-inc-mtsi-position-cut-by-argent-capital-management-llc.html.

In other news, Director Geoffrey G. Ribar bought 5,000 shares of MACOM Technology Solutions Holdings stock in a transaction on Monday, August 28th. The stock was acquired at an average price of $43.37 per share, with a total value of $216,850.00. Following the completion of the acquisition, the director now directly owns 11,063 shares of the company’s stock, valued at $479,802.31. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John Croteau sold 2,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $45.20, for a total value of $90,400.00. The disclosure for this sale can be found here. Insiders have sold 28,117 shares of company stock valued at $1,671,881 in the last three months. Insiders own 42.30% of the company’s stock.

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.

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

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