6,187 Shares in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. purchased a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 6,187 shares of the semiconductor company's stock, valued at approximately $688,000.

Other large investors have also added to or reduced their stakes in the company. Texas Permanent School Fund Corp increased its stake in shares of MACOM Technology Solutions by 2.5% during the first quarter. Texas Permanent School Fund Corp now owns 47,935 shares of the semiconductor company's stock valued at $4,585,000 after purchasing an additional 1,185 shares in the last quarter. Duality Advisers LP raised its stake in MACOM Technology Solutions by 13.4% during the first quarter. Duality Advisers LP now owns 3,093 shares of the semiconductor company's stock valued at $296,000 after buying an additional 366 shares during the last quarter. TimesSquare Capital Management LLC boosted its holdings in MACOM Technology Solutions by 2.9% in the first quarter. TimesSquare Capital Management LLC now owns 303,032 shares of the semiconductor company's stock worth $28,982,000 after acquiring an additional 8,567 shares in the last quarter. Swiss National Bank grew its stake in shares of MACOM Technology Solutions by 1.8% in the first quarter. Swiss National Bank now owns 113,850 shares of the semiconductor company's stock worth $10,889,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of MACOM Technology Solutions by 14.4% during the first quarter. Sei Investments Co. now owns 297,615 shares of the semiconductor company's stock valued at $28,464,000 after acquiring an additional 37,407 shares in the last quarter. Institutional investors own 76.14% of the company's stock.

Insider Buying and Selling at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 305,395 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $106.48, for a total value of $32,518,459.60. Following the completion of the sale, the director now directly owns 6,550,889 shares of the company's stock, valued at approximately $697,538,660.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other MACOM Technology Solutions news, Director Susan Ocampo sold 305,395 shares of the firm's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $106.48, for a total transaction of $32,518,459.60. Following the sale, the director now directly owns 6,550,889 shares of the company's stock, valued at $697,538,660.72. This trade represents a 0.00 % 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 6,683 shares of the business's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $106.78, for a total value of $713,610.74. Following the completion of the transaction, the senior vice president now owns 26,396 shares in the company, valued at $2,818,564.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 669,396 shares of company stock valued at $71,106,808. Company insiders own 22.75% of the company's stock.

MACOM Technology Solutions Stock Performance

Shares of MACOM Technology Solutions stock traded up $17.22 on Thursday, hitting $139.14. 1,479,878 shares of the company's stock were exchanged, compared to its average volume of 569,015. 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 stock has a market capitalization of $10.04 billion, a PE ratio of 141.98, a PEG ratio of 4.33 and a beta of 1.69. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $72.15 and a 1 year high of $140.27. The company has a 50-day simple moving average of $110.02 and a 200-day simple moving average of $106.28.

Analyst Ratings Changes

Several brokerages recently commented on MTSI. Barclays increased their price objective on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Benchmark restated a "buy" rating and issued a $120.00 price objective on shares of MACOM Technology Solutions in a report on Thursday, September 12th. JPMorgan Chase & Co. increased their target price 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. Needham & Company LLC lifted their target price on MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Finally, Stifel Nicolaus upped their price target on MACOM Technology Solutions from $115.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $120.00.

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.