Farther Finance Advisors LLC Acquires 692 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Farther Finance Advisors LLC boosted its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 303.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 920 shares of the semiconductor company’s stock after acquiring an additional 692 shares during the period. Farther Finance Advisors LLC’s holdings in MACOM Technology Solutions were worth $102,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. New York State Common Retirement Fund grew its holdings in MACOM Technology Solutions by 1.9% in the 3rd quarter. New York State Common Retirement Fund now owns 263,830 shares of the semiconductor company’s stock valued at $29,354,000 after buying an additional 4,813 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings in MACOM Technology Solutions by 6.3% in the 3rd quarter. Stephens Investment Management Group LLC now owns 505,621 shares of the semiconductor company’s stock valued at $56,255,000 after buying an additional 29,882 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new position in MACOM Technology Solutions in the 3rd quarter valued at $1,725,000. State of Alaska Department of Revenue grew its holdings in shares of MACOM Technology Solutions by 12.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,704 shares of the semiconductor company’s stock worth $745,000 after purchasing an additional 765 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of MACOM Technology Solutions during the 3rd quarter worth $11,005,000. Institutional investors own 76.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MTSI shares. Piper Sandler increased their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Needham & Company LLC raised their price objective on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Stifel Nicolaus raised their price objective on MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Barclays raised their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday. Finally, JPMorgan Chase & Co. raised their price objective on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $125.91.

MACOM Technology Solutions Price Performance

MACOM Technology Solutions stock opened at $134.49 on Tuesday. The company has a current ratio of 8.35, a quick ratio of 6.33 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $9.71 billion, a PE ratio of 130.57, a P/E/G ratio of 5.25 and a beta of 1.69. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $75.15 and a 12 month high of $140.27. The stock has a 50-day moving average price of $111.09 and a two-hundred day moving average price of $106.91.

Insider Transactions at MACOM Technology Solutions

In other news, CEO Stephen G. Daly sold 21,012 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $109.40, for a total transaction of $2,298,712.80. Following the completion of the transaction, the chief executive officer now directly owns 64,472 shares in the company, valued at $7,053,236.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other MACOM Technology Solutions news, Director Susan Ocampo sold 93,728 shares of MACOM Technology Solutions stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $106.32, for a total value of $9,965,160.96. Following the completion of the sale, the director now directly owns 6,302,256 shares in the company, valued at approximately $670,055,857.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen G. Daly sold 21,012 shares of MACOM Technology Solutions stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $109.40, for a total value of $2,298,712.80. Following the completion of the sale, the chief executive officer now owns 64,472 shares of the company’s stock, valued at approximately $7,053,236.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 575,153 shares of company stock worth $61,405,615 over the last ninety days. 22.75% of the stock is owned by insiders.

About MACOM Technology Solutions

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.