MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) Shares Purchased by DekaBank Deutsche Girozentrale

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DekaBank Deutsche Girozentrale lifted its stake in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) by 148.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,771 shares of the semiconductor company’s stock after purchasing an additional 6,431 shares during the period. DekaBank Deutsche Girozentrale’s holdings in MACOM Technology Solutions were worth $159,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pearl River Capital LLC lifted its stake in shares of MACOM Technology Solutions by 495.0% in the first quarter. Pearl River Capital LLC now owns 2,600 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 2,163 shares during the period. Aperio Group LLC acquired a new position in MACOM Technology Solutions during the second quarter worth about $49,000. Quantamental Technologies LLC acquired a new position in MACOM Technology Solutions during the first quarter worth about $80,000. BNP Paribas Arbitrage SA raised its position in MACOM Technology Solutions by 94.3% during the first quarter. BNP Paribas Arbitrage SA now owns 12,165 shares of the semiconductor company’s stock worth $203,000 after acquiring an additional 5,905 shares during the last quarter. Finally, Commerce Bank raised its position in MACOM Technology Solutions by 15.7% during the first quarter. Commerce Bank now owns 12,785 shares of the semiconductor company’s stock worth $214,000 after acquiring an additional 1,735 shares during the last quarter. Hedge funds and other institutional investors own 68.67% of the company’s stock.

A number of brokerages have issued reports on MTSI. ValuEngine upgraded shares of MACOM Technology Solutions from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Tuesday, August 20th. Piper Jaffray Companies upgraded shares of MACOM Technology Solutions from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $14.00 to $21.00 in a research report on Wednesday, July 17th. BidaskClub upgraded shares of MACOM Technology Solutions from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Craig Hallum upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. MACOM Technology Solutions presently has a consensus rating of “Hold” and a consensus price target of $18.28.

Shares of NASDAQ MTSI opened at $18.90 on Tuesday. The company has a market cap of $1.33 billion, a PE ratio of 135.00 and a beta of 1.94. MACOM Technology Solutions Holdings Inc has a 12 month low of $12.33 and a 12 month high of $23.71. The company has a debt-to-equity ratio of 2.29, a current ratio of 4.37 and a quick ratio of 3.20. The company has a 50-day simple moving average of $18.69 and a 200-day simple moving average of $16.77.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported ($0.42) EPS for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.13. The business had revenue of $108.30 million during the quarter, compared to the consensus estimate of $108.20 million. MACOM Technology Solutions had a negative net margin of 76.27% and a negative return on equity of 7.79%. The company’s quarterly revenue was down 21.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 earnings per share. On average, analysts anticipate that MACOM Technology Solutions Holdings Inc will post -0.76 EPS for the current year.

About MACOM Technology Solutions

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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