B. Metzler seel. Sohn & Co. Holding AG Acquires New Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 14,170 shares of the semiconductor company's stock, valued at approximately $1,577,000.

Several other hedge funds have also made changes to their positions in the company. CWM LLC lifted its holdings in MACOM Technology Solutions by 7.3% in the second quarter. CWM LLC now owns 1,451 shares of the semiconductor company's stock valued at $162,000 after acquiring an additional 99 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in shares of MACOM Technology Solutions by 4.3% in the 2nd quarter. EP Wealth Advisors LLC now owns 2,602 shares of the semiconductor company's stock valued at $290,000 after purchasing an additional 107 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of MACOM Technology Solutions by 6.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,371 shares of the semiconductor company's stock worth $264,000 after purchasing an additional 137 shares during the period. Chartwell Investment Partners LLC increased its position in shares of MACOM Technology Solutions by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 25,014 shares of the semiconductor company's stock worth $2,783,000 after purchasing an additional 199 shares during the last quarter. Finally, TD Asset Management Inc raised its holdings in MACOM Technology Solutions by 0.6% in the 2nd quarter. TD Asset Management Inc now owns 39,244 shares of the semiconductor company's stock valued at $4,375,000 after buying an additional 244 shares during the period. Hedge funds and other institutional investors own 76.14% of the company's stock.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 25,351 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $130.05, for a total value of $3,296,897.55. Following the completion of the sale, the director now owns 6,046,676 shares in the company, valued at approximately $786,370,213.80. The trade was a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John Kober sold 19,470 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $126.88, for a total transaction of $2,470,353.60. Following the transaction, the chief financial officer now owns 51,489 shares in the company, valued at approximately $6,532,924.32. This trade represents a 27.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 273,268 shares of company stock valued at $32,128,941 in the last ninety days. Insiders own 22.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MTSI. Benchmark lifted their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Northland Securities lifted their target price on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the company a "market perform" rating in a report on Monday, November 11th. Needham & Company LLC upped their price target on MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. raised their price target on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Finally, Barclays boosted their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Three 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 stock has a consensus rating of "Moderate Buy" and an average target price of $125.91.

MACOM Technology Solutions Stock Up 2.4 %

MACOM Technology Solutions stock traded up $3.17 during midday trading on Friday, reaching $134.50. The company's stock had a trading volume of 683,814 shares, compared to its average volume of 659,462. The business has a 50-day simple moving average of $116.33 and a 200-day simple moving average of $108.52. The company has a market cap of $9.74 billion, a P/E ratio of 130.58, a P/E/G ratio of 2.31 and a beta of 1.69. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $79.25 and a fifty-two week high of $140.27. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43.

MACOM Technology Solutions 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.