PNC Financial Services Group Inc. Has $727,000 Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

PNC Financial Services Group Inc. raised its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,214 shares of the semiconductor company’s stock after purchasing an additional 222 shares during the quarter. PNC Financial Services Group Inc.’s holdings in MACOM Technology Solutions were worth $727,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MTSI. Advisory Services Network LLC acquired a new stake in MACOM Technology Solutions during the second quarter valued at approximately $58,000. Asset Management One Co. Ltd. acquired a new stake in MACOM Technology Solutions during the third quarter valued at approximately $150,000. FORA Capital LLC boosted its holdings in shares of MACOM Technology Solutions by 18.1% in the 2nd quarter. FORA Capital LLC now owns 2,867 shares of the semiconductor company’s stock worth $184,000 after acquiring an additional 440 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of MACOM Technology Solutions in the 3rd quarter worth approximately $218,000. Finally, Strs Ohio boosted its holdings in shares of MACOM Technology Solutions by 362.5% in the 3rd quarter. Strs Ohio now owns 3,700 shares of the semiconductor company’s stock worth $240,000 after acquiring an additional 2,900 shares in the last quarter. 71.73% of the stock is currently owned by institutional investors.

MTSI has been the topic of several recent analyst reports. Barclays boosted their target price on MACOM Technology Solutions from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, November 5th. Bank of America boosted their target price on MACOM Technology Solutions from $83.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 10th. Stifel Nicolaus boosted their target price on MACOM Technology Solutions from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, December 28th. Finally, Needham & Company LLC boosted their target price on MACOM Technology Solutions from $72.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, November 8th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $77.25.

Shares of MACOM Technology Solutions stock opened at $71.62 on Friday. The firm has a fifty day moving average of $75.40 and a two-hundred day moving average of $67.36. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 135.13, a PEG ratio of 2.43 and a beta of 1.99. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $48.68 and a 52 week high of $80.30. The company has a debt-to-equity ratio of 1.10, a quick ratio of 4.72 and a current ratio of 5.61.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, November 4th. The semiconductor company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $155.21 million during the quarter, compared to analysts’ expectations of $154.97 million. MACOM Technology Solutions had a net margin of 6.26% and a return on equity of 26.42%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS. As a group, research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.09 EPS for the current fiscal year.

In related news, CEO Stephen G. Daly sold 25,941 shares of the company’s stock in a transaction on Friday, October 29th. The shares were sold at an average price of $70.00, for a total value of $1,815,870.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Ambra R. Roth sold 1,156 shares of the company’s stock in a transaction on Friday, October 29th. The shares were sold at an average price of $70.00, for a total transaction of $80,920.00. The disclosure for this sale can be found here. Insiders have sold a total of 241,069 shares of company stock valued at $17,753,961 in the last quarter. Corporate insiders own 30.10% of the company’s stock.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc engages in the design, development, manufacture and market of semiconductor products for the telecommunications, industrial and defense and datacenter industries. Its products include integrated circuits (IC), multi-chip modules (MCM), power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems.

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

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