State of New Jersey Common Pension Fund D Reduces Position in MACOM Technology Solutions Holdings, Inc. (MTSI)

State of New Jersey Common Pension Fund D cut its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 15.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 430,000 shares of the semiconductor company’s stock after selling 80,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in MACOM Technology Solutions Holdings were worth $23,982,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. State Board of Administration of Florida Retirement System increased its stake in shares of MACOM Technology Solutions Holdings by 1.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 6,845 shares of the semiconductor company’s stock worth $317,000 after buying an additional 120 shares during the period. Fifth Third Bancorp increased its stake in shares of MACOM Technology Solutions Holdings by 7.9% in the first quarter. Fifth Third Bancorp now owns 2,590 shares of the semiconductor company’s stock worth $125,000 after buying an additional 189 shares during the period. Essex Investment Management Co. LLC increased its stake in shares of 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 period. US Bancorp DE increased its stake in shares of MACOM Technology Solutions Holdings by 6.6% in the first quarter. US Bancorp DE now owns 6,479 shares of the semiconductor company’s stock worth $312,000 after buying an additional 402 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of 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 period. 72.99% of the stock is owned by hedge funds and other institutional investors.

MACOM Technology Solutions Holdings, Inc. (NASDAQ MTSI) opened at 42.16 on Monday. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $35.33 and a 12-month high of $65.99. The company’s market capitalization is $2.70 billion. The stock’s 50 day moving average is $59.01 and its 200-day moving average is $52.17.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last released its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $194.56 million during the quarter, compared to analyst estimates of $194.93 million. During the same quarter last year, the company posted $0.51 earnings per share. The company’s revenue was up 36.7% on a year-over-year basis. On average, equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post $2.36 earnings per share for the current fiscal year.

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A number of research firms have recently commented on MTSI. Jefferies Group LLC reaffirmed a “buy” rating and set a $66.00 price objective on shares of MACOM Technology Solutions Holdings in a report on Wednesday, May 17th. BidaskClub raised shares of MACOM Technology Solutions Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Needham & Company LLC raised their price objective on shares of MACOM Technology Solutions Holdings from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, June 26th. Barclays PLC reaffirmed an “overweight” rating and set a $63.00 price objective (down from $70.00) on shares of MACOM Technology Solutions Holdings in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $64.00 price objective on shares of MACOM Technology Solutions Holdings in a report on Friday, July 14th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. MACOM Technology Solutions Holdings presently has an average rating of “Buy” and a consensus price target of $55.50.

In related news, SVP Robert Dennehy sold 17,055 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $56.13, for a total transaction of $957,297.15. Following the completion of the sale, the senior vice president now owns 51,197 shares of the company’s stock, valued at $2,873,687.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Croteau sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $60.76, for a total transaction of $121,520.00. Following the sale, the insider now directly owns 51,200 shares of the company’s stock, valued at approximately $3,110,912. The disclosure for this sale can be found here. Insiders sold 494,955 shares of company stock worth $28,713,137 over the last 90 days. 57.10% of the stock is currently owned by corporate insiders.

MACOM Technology Solutions Holdings Company Profile

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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