Allspring Global Investments Holdings LLC Makes New $66,000 Investment in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Allspring Global Investments Holdings LLC purchased a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 596 shares of the semiconductor company’s stock, valued at approximately $66,000.

Several other institutional investors have also modified their holdings of MTSI. Vanguard Group Inc. boosted its stake in MACOM Technology Solutions by 8.1% in the first quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock valued at $592,395,000 after acquiring an additional 465,759 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in MACOM Technology Solutions by 12.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company’s stock valued at $132,821,000 after buying an additional 154,066 shares in the last quarter. Millennium Management LLC increased its holdings in MACOM Technology Solutions by 958.1% in the second quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock valued at $149,214,000 after buying an additional 1,212,094 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in MACOM Technology Solutions by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 993,316 shares of the semiconductor company’s stock valued at $110,722,000 after buying an additional 69,689 shares in the last quarter. Finally, Hood River Capital Management LLC increased its holdings in MACOM Technology Solutions by 280.5% in the second quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock valued at $78,568,000 after buying an additional 519,603 shares in the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

MACOM Technology Solutions Price Performance

MTSI opened at $113.80 on Tuesday. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $72.15 and a 1-year high of $122.60. The company has a 50-day moving average of $108.66 and a 200-day moving average of $105.64. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.33 and a current ratio of 8.18. The company has a market capitalization of $8.22 billion, a P/E ratio of 116.12, a PEG ratio of 4.28 and a beta of 1.69.

Insider Activity

In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 7,122 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $112.53, for a total transaction of $801,438.66. Following the completion of the transaction, the chief executive officer now directly owns 55,826 shares of the company’s stock, valued at $6,282,099.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Stephen G. Daly sold 7,122 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $112.53, for a total value of $801,438.66. Following the completion of the sale, the chief executive officer now directly owns 55,826 shares of the company’s stock, valued at approximately $6,282,099.78. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan Ocampo sold 95,743 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $103.18, for a total transaction of $9,878,762.74. Following the completion of the sale, the director now directly owns 6,876,284 shares of the company’s stock, valued at approximately $709,494,983.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 669,396 shares of company stock valued at $71,106,808. Company insiders own 22.75% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on MTSI shares. Benchmark reaffirmed a “buy” rating and issued a $120.00 target price on shares of MACOM Technology Solutions in a report on Thursday, September 12th. Stifel Nicolaus raised their target price on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Needham & Company LLC raised their target price on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Piper Sandler lifted their price target on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $120.00.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.