MACOM Technology Solutions Holdings, Inc. Stake Reduced by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC Reduces Stake in MACOM Technology Solutions Holdings, Inc.

In a recent filing with the Securities & Exchange Commission, Orion Portfolio Solutions LLC disclosed a 13.1% reduction in its stake in MACOM Technology Solutions Holdings, Inc. The firm sold 2,365 shares in the first quarter, bringing its total holdings to 15,751 shares valued at $1,506,000.

This move comes as several other large investors have also made adjustments to their positions in MTSI. Riverview Trust Co, Harvest Fund Management Co. Ltd, Fidelis Capital Partners LLC, Hennessy Advisors Inc., and International Assets Investment Management LLC have all acquired new positions in MACOM Technology Solutions, collectively owning 76.14% of the company’s stock.

Wall Street analysts have forecasted growth for MTSI, with several firms raising their price targets and giving the company a “buy” rating. The consensus rating for MTSI is currently a “Moderate Buy” with a target price of $113.00.

Shares of MACOM Technology Solutions opened at $106.72 on Tuesday, with a market cap of $7.70 billion. The company’s recent quarterly earnings report showed a slight miss on EPS but beat revenue expectations. Analysts anticipate a 1.93 EPS for the current fiscal year.

In insider news, Director Susan Ocampo and CFO John Kober have recently sold shares of MTSI, with insiders collectively selling 533,427 shares valued at $54,860,618 over the last three months.

MACOM Technology Solutions Holdings, Inc. designs and manufactures analog semiconductor solutions for wireless and wireline applications. To stay updated on the latest news and ratings for MTSI, sign up for MarketBeat.com’s daily email newsletter.