November 28, 2016 - By Louis Casey
The SVP – Global Sales of Macom Technology Solutions Holdings Inc, Donghyun Hwang is in the stock market news today. It was made public in a public form filled by Donghyun Hwang and submitted to the SEC on November 28, 2016, he sold 8,650 shares from the public company having a market value near $412,605 USD. The shares average price was $47.7. He also unloaded 6,990 shares that are worth approx $318,045 USD in the last month. Currently, Donghyun Hwang owns a total of 46,070 shares or 0.08% of Macom Technology Solutions Holdings Inc’s market cap (share price times the number of shares outstanding).
Out of 8 analysts covering M/A-Com Technology Solutions Holdings (NASDAQ:MTSI), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. $52 is the highest target while $37 is the lowest. The $48.17 average target is -0.39% below today’s ($48.36) stock price. M/A-Com Technology Solutions Holdings has been the topic of 18 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) on Thursday, December 3 with “Buy” rating. The firm has “Overweight” rating given on Friday, March 11 by Barclays Capital. The firm earned “Neutral” rating on Monday, June 27 by Bank of America. The firm has “Buy” rating given on Monday, January 11 by Craig Hallum. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, January 27 report. Goldman Sachs downgraded the stock to “Neutral” rating in Tuesday, September 20 report. The firm earned “Buy” rating on Friday, December 18 by Needham. The stock has “Buy” rating given by Goldman Sachs on Wednesday, February 3. The rating was maintained by Stifel Nicolaus on Wednesday, November 16 with “Buy”. The firm has “Buy” rating given on Wednesday, July 29 by Needham.
Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.01, from 1.01 in 2016Q1. The ratio fall, as 31 funds sold all MACOM Technology Solutions Holdings Inc shares owned while 52 reduced positions. 26 funds bought stakes while 58 increased positions. They now own 38.15 million shares or 1.15% less from 38.59 million shares in 2016Q1.
Manufacturers Life Insur The accumulated 0% or 16,891 shares. Teachers last reported 0% of its portfolio in the stock. Frontier Cap Communication Ltd Liability Corp holds 0.13% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) for 469,170 shares. Franklin Resource Inc has 1.87M shares for 0.03% of their US portfolio. Kennedy Inc holds 0.37% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) for 556,619 shares. Allianz Asset Mgmt Ag has invested 0% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI). Blackrock Advisors Ltd Liability Com has invested 0.01% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI). Comm National Bank has 11,150 shares for 0.01% of their US portfolio. Blackrock has 0% invested in the company for 6,227 shares. Bnp Paribas Invest Prtn has invested 0.04% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI). Federated Pa has 1,147 shares for 0% of their US portfolio. Cupps Management Ltd Liability Corporation accumulated 0.77% or 89,965 shares. Brant Point Mngmt Lc has invested 0.28% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI). Creative Planning has invested 0% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI). Pub Employees Retirement Association Of Colorado, a Colorado-based fund reported 222,500 shares.
Insider Transactions: Since July 1, 2016, the stock had 0 insider purchases, and 24 insider sales for $17.20 million net activity. VAN LUNSEN GIL J had sold 1,000 shares worth $40,690 on Tuesday, November 15. The insider Croteau John sold $65,300. $420,861 worth of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) was sold by Dennehy Robert on Tuesday, September 6. 3,177 shares were sold by Virk Preetinder S., worth $111,195. $6.72M worth of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) was sold by OCAMPO JOHN L. The insider Behfar Alex sold 6,777 shares worth $267,217. 1,729 shares were sold by Hwang Donghyun Thomas, worth $72,272.
About 547,573 shares traded hands or 17.19% up from the average. MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) has risen 22.71% since April 25, 2016 and is uptrending. It has outperformed by 16.70% the S&P500.
MACOM Technology Solutions Holdings, Inc. is a well-known provider of high-performance analog semiconductor solutions that enable Internet applications, the cloud-connected applications economy, and the networked battlefield across the radio frequency , microwave, millimeterwave and photonic spectrum. The company has a market cap of $2.66 billion. 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. It currently has negative earnings. It also offers foundry services.
According to Zacks Investment Research, “M/A-COM Technology Solutions Holdings, Inc. provides analog semiconductor solutions for use in wireless and wireline applications across the RF, microwave and millimeterwave spectrum. The Company’s primary markets are Networks which includes CATV, cellular backhaul, cellular infrastructure and fiber optic applications, A&D and Multi-market, which includes automotive, industrial, medical, mobile and scientific applications. It’s product lines include active splitter, amplifier, attenuator, automotive module, capacitor, component, coupler, diode, down converter IC, filter, frequency multiplier, hybrid voltage controlled oscillator, integrated receiver IC, modulator/demodulator, optical modulator driver, phase shifter, power combiner, power detector, power divider, power hybrid pallet, power hybrid transistor, switch, synthesizer, transceiver, transformer, upconverter IC and voltage controlled oscillator. M/A-COM Technology Solutions Holdings, Inc. and is headquartered in Lowell, Massachusetts.”
Analysts await MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) to report earnings on January, 24. They expect $0.41 EPS, up 127.78% or $0.23 from last year’s $0.18 per share. MTSI’s profit will be $22.55 million for 29.49 P/E if the $0.41 EPS becomes a reality. After $0.44 actual EPS reported by MACOM Technology Solutions Holdings Inc for the previous quarter, Wall Street now forecasts -6.82% negative EPS growth.
More recent MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) news were published by: Nasdaq.com which released: “Commit To Purchase MACOM Technology Solutions Holdings At $30, Earn 7.5 ..” on October 13, 2016. Also Wsj.com published the news titled: “Macom Buys Applied Micro to Expand Into the Cloud” on November 21, 2016. Nasdaq.com‘s news article titled: “MACOM Technology Solutions Holdings (MTSI) Shares Cross Above 200 DMA” with publication date: November 09, 2016 was also an interesting one.
MACOM Technology Solutions Holdings, Inc., formerly M/A-COM Technology Solutions Holdings, Inc., incorporated on March 25, 2009, is a well-known provider of analog semiconductor solutions for the use in wireless and wireline applications across the radio frequency (RF), microwave and millimeter wave spectrum. The Firm operates through semiconductors and modules segment. The Company’s semiconductor products are electronic components, which include point-to-point wireless backhaul radios, antenna arrays, radar, magnetic resonance imaging systems (MRI) and unmanned aerial vehicles (UAVs). The Firm offers its products in over three primary markets, such as networks, aerospace and defense (A&D) and multi-market.
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By Louis Casey