Segment Wealth Management LLC Cuts Holdings in MACOM Technology Solutions Holdings, Inc. (MTSI)

Segment Wealth Management LLC decreased its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 17.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,254 shares of the semiconductor company’s stock after selling 19,471 shares during the quarter. MACOM Technology Solutions Holdings makes up 1.4% of Segment Wealth Management LLC’s holdings, making the stock its 13th biggest position. Segment Wealth Management LLC owned about 0.14% of MACOM Technology Solutions Holdings worth $5,090,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Strs Ohio acquired a new stake in MACOM Technology Solutions Holdings during the 2nd quarter valued at $105,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in MACOM Technology Solutions Holdings by 10.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock valued at $121,000 after purchasing an additional 199 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in MACOM Technology Solutions Holdings during the 1st quarter valued at $116,000. Fifth Third Bancorp lifted its holdings in MACOM Technology Solutions Holdings by 7.9% during the 1st quarter. Fifth Third Bancorp now owns 2,590 shares of the semiconductor company’s stock valued at $125,000 after purchasing an additional 189 shares during the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new stake in MACOM Technology Solutions Holdings during the 1st quarter valued at $130,000. 79.64% of the stock is owned by institutional investors and hedge funds.

In other news, insider John Croteau sold 2,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $45.68, for a total transaction of $91,360.00. Following the completion of the transaction, the insider now owns 48,855 shares in the company, valued at approximately $2,231,696.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles R. Bland sold 750 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $60.73, for a total value of $45,547.50. Following the transaction, the director now owns 24,390 shares of the company’s stock, valued at approximately $1,481,204.70. The disclosure for this sale can be found here. Insiders have sold a total of 29,117 shares of company stock valued at $1,755,579 in the last quarter. 57.10% of the stock is owned by corporate insiders.

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MTSI has been the subject of several research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $56.00 price target on shares of MACOM Technology Solutions Holdings in a report on Tuesday, September 5th. Stifel Nicolaus raised their price target on MACOM Technology Solutions Holdings from $60.00 to $64.00 and gave the company a “buy” rating in a report on Tuesday, June 6th. BidaskClub downgraded MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Barclays PLC reaffirmed an “overweight” rating and set a $70.00 price target (up previously from $60.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, July 12th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $61.00 price target (down previously from $66.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $55.50.

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) traded down 2.19% during midday trading on Wednesday, hitting $42.40. The stock had a trading volume of 179,545 shares. The stock’s market cap is $2.72 billion. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $35.33 and a 52 week high of $65.99. The company has a 50-day moving average price of $43.52 and a 200-day moving average price of $51.07.

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

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.

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

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