MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 22.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 98,189 shares of the semiconductor company's stock after purchasing an additional 18,055 shares during the quarter. Assenagon Asset Management S.A. owned about 0.14% of MACOM Technology Solutions worth $12,756,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new position in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $36,000. Quarry LP purchased a new stake in MACOM Technology Solutions in the 3rd quarter worth approximately $57,000. Allspring Global Investments Holdings LLC acquired a new position in MACOM Technology Solutions in the 3rd quarter valued at $66,000. GAMMA Investing LLC lifted its stake in shares of MACOM Technology Solutions by 75.4% during the 3rd quarter. GAMMA Investing LLC now owns 821 shares of the semiconductor company's stock worth $91,000 after purchasing an additional 353 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of MACOM Technology Solutions by 303.5% during the third quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company's stock worth $102,000 after purchasing an additional 692 shares during the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

MACOM Technology Solutions Stock Up 1.8 %

Shares of MACOM Technology Solutions stock traded up $2.64 during trading hours on Friday, hitting $145.41. 438,142 shares of the company's stock traded hands, compared to its average volume of 518,219. 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 Holdings, Inc. has a twelve month low of $79.25 and a twelve month high of $145.95. The stock has a 50 day simple moving average of $134.52 and a 200-day simple moving average of $117.47. The company has a market cap of $10.53 billion, a PE ratio of 141.18, a PEG ratio of 2.33 and a beta of 1.71.

Analyst Upgrades and Downgrades

MTSI has been the topic of several recent analyst reports. Northland Securities increased their target price on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a "market perform" rating in a research report on Monday, November 11th. Benchmark increased their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Barclays raised their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. Finally, Piper Sandler upped their price target on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $128.00.

Insider Buying and Selling at MACOM Technology Solutions

In other news, SVP Donghyun Thomas Hwang sold 1,500 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $118.38, for a total transaction of $177,570.00. Following the transaction, the senior vice president now owns 37,102 shares of the company's stock, valued at approximately $4,392,134.76. This trade represents a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Ambra R. Roth sold 1,366 shares of the company's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $139.07, for a total value of $189,969.62. Following the sale, the senior vice president now owns 6,564 shares in the company, valued at $912,855.48. The trade was a 17.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 227,212 shares of company stock worth $28,778,424 in the last 90 days. 22.75% of the stock is owned by corporate insiders.

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.