TCW Group Inc. Acquires Shares of 79,720 MACOM Technology Solutions Holdings, Inc. (MTSI)

TCW Group Inc. purchased a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 79,720 shares of the company’s stock, valued at approximately $3,689,000.

Several other hedge funds and other institutional investors have also modified their holdings of MTSI. Bank of Montreal Can boosted its position in shares of MACOM Technology Solutions Holdings by 9,787.6% in the third quarter. Bank of Montreal Can now owns 156,916 shares of the company’s stock valued at $6,644,000 after buying an additional 155,329 shares in the last quarter. Royal Bank of Canada boosted its position in shares of MACOM Technology Solutions Holdings by 96.7% in the second quarter. Royal Bank of Canada now owns 1,129,296 shares of the company’s stock valued at $37,245,000 after buying an additional 555,037 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of MACOM Technology Solutions Holdings by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 73,205 shares of the company’s stock valued at $2,415,000 after buying an additional 1,278 shares in the last quarter. American Century Companies Inc. boosted its position in shares of MACOM Technology Solutions Holdings by 64.6% in the second quarter. American Century Companies Inc. now owns 137,747 shares of the company’s stock valued at $4,543,000 after buying an additional 54,067 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its position in shares of MACOM Technology Solutions Holdings by 14.3% in the second quarter. Silvercrest Asset Management Group LLC now owns 1,479,586 shares of the company’s stock valued at $48,796,000 after buying an additional 185,036 shares in the last quarter. Institutional investors and hedge funds own 61.02% 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) traded up 0.85% during mid-day trading on Tuesday, reaching $46.05. 362,505 shares of the company’s stock were exchanged. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $29.56 and a 1-year high of $53.80. The company’s 50 day moving average is $47.02 and its 200 day moving average is $43.44. The stock has a market capitalization of $2.92 billion, a PE ratio of 153.50 and a beta of 1.52.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last announced its earnings results on Tuesday, January 31st. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The business had revenue of $151.80 million for the quarter, compared to analysts’ expectations of $152.01 million. MACOM Technology Solutions Holdings had a net margin of 2.76% and a return on equity of 19.84%. The company’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 EPS. Equities research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post $2.64 EPS for the current fiscal year.

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Several analysts have recently commented on the stock. Barclays PLC restated a “buy” rating and set a $52.00 price objective on shares of MACOM Technology Solutions Holdings in a research report on Friday, January 20th. Jefferies Group LLC restated a “buy” rating and set a $55.00 price objective (up from $52.00) on shares of MACOM Technology Solutions Holdings in a research report on Wednesday, February 1st. Needham & Company LLC raised their price objective on shares of MACOM Technology Solutions Holdings from $49.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, February 1st. Zacks Investment Research upgraded shares of MACOM Technology Solutions Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 18th. Finally, Stifel Nicolaus raised their price objective on shares of MACOM Technology Solutions Holdings from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, November 16th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $48.63.

In other MACOM Technology Solutions Holdings news, Director Lunsen Gil J. Van sold 1,000 shares of the business’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $46.83, for a total value of $46,830.00. Following the transaction, the director now directly owns 16,916 shares of the company’s stock, valued at approximately $792,176.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman John L. Ocampo sold 49,000 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $45.01, for a total transaction of $2,205,490.00. The disclosure for this sale can be found here. Insiders sold a total of 577,650 shares of company stock worth $27,574,425 over the last ninety days. Corporate insiders own 57.10% of the company’s stock.

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.

5 Day Chart for NASDAQ:MTSI

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