Cerity Partners LLC raised its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Free Report) by 29.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,309 shares of the semiconductor company’s stock after acquiring an additional 6,062 shares during the period. Cerity Partners LLC’s holdings in MACOM Technology Solutions were worth $2,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of MACOM Technology Solutions by 38.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company’s stock valued at $519,399,000 after purchasing an additional 1,120,510 shares during the period. Norges Bank bought a new position in MACOM Technology Solutions during the fourth quarter worth $82,833,000. Vanguard Group Inc. lifted its stake in MACOM Technology Solutions by 6.0% during the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company’s stock worth $846,656,000 after purchasing an additional 368,979 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in MACOM Technology Solutions during the 4th quarter valued at approximately $31,260,000. Finally, Nuveen Asset Management LLC grew its holdings in MACOM Technology Solutions by 129.4% in the 4th quarter. Nuveen Asset Management LLC now owns 328,081 shares of the semiconductor company’s stock worth $42,621,000 after buying an additional 185,075 shares in the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.
MACOM Technology Solutions Trading Up 0.2%
NASDAQ:MTSI opened at $142.11 on Friday. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50. The stock has a market cap of $10.56 billion, a price-to-earnings ratio of -116.48, a P/E/G ratio of 2.74 and a beta of 1.43. The company has a current ratio of 3.56, a quick ratio of 2.86 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average price of $131.46 and a 200-day moving average price of $121.12.
Analysts Set New Price Targets
Several research analysts have commented on MTSI shares. Truist Financial raised their target price on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Bank of America lifted their price target on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, June 24th. BNP Paribas upgraded shares of MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price objective for the company in a research report on Wednesday, April 9th. Stifel Nicolaus increased their price objective on MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Friday. Finally, Wall Street Zen upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Sunday. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $139.90.
View Our Latest Report on MTSI
Insider Buying and Selling at MACOM Technology Solutions
In related news, SVP Donghyun Thomas Hwang sold 6,471 shares of the company’s stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total value of $647,100.00. Following the completion of the sale, the senior vice president directly owned 35,603 shares of the company’s stock, valued at $3,560,300. This represents a 15.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert Dennehy sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $140.42, for a total value of $702,100.00. Following the sale, the senior vice president directly owned 15,680 shares in the company, valued at approximately $2,201,785.60. The trade was a 24.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 454,227 shares of company stock worth $56,118,317 over the last three months. 16.30% of the stock is owned by company 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.
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