Geode Capital Management LLC grew its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 4.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,015,781 shares of the semiconductor company's stock after buying an additional 46,812 shares during the quarter. Geode Capital Management LLC owned approximately 1.40% of MACOM Technology Solutions worth $113,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also made changes to their positions in the company. Quarry LP acquired a new stake in MACOM Technology Solutions in the 3rd quarter worth approximately $57,000. Allspring Global Investments Holdings LLC acquired a new stake in MACOM Technology Solutions in the 3rd quarter worth approximately $66,000. GAMMA Investing LLC lifted its holdings in MACOM Technology Solutions by 75.4% in 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 last quarter. Farther Finance Advisors LLC lifted its holdings in MACOM Technology Solutions by 303.5% in the 3rd 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. Finally, Eastern Bank acquired a new stake in MACOM Technology Solutions in the 3rd quarter worth approximately $136,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, Director Susan Ocampo sold 105,782 shares of the business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $123.67, for a total transaction of $13,082,059.94. Following the sale, the director now directly owns 5,914,008 shares in the company, valued at approximately $731,385,369.36. The trade was a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Stephen G. Daly sold 4,742 shares of the business's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $118.32, for a total value of $561,073.44. Following the sale, the chief executive officer now owns 65,577 shares in the company, valued at approximately $7,759,070.64. This represents a 6.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 224,962 shares of company stock worth $28,485,722. Company insiders own 22.75% of the company's stock.
Analyst Ratings Changes
MTSI has been the subject of several analyst reports. Benchmark boosted their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Northland Securities boosted their target price on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a "market perform" rating in a report on Monday, November 11th. Barclays upped their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Finally, Piper Sandler upped their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $128.00.
Read Our Latest Report on MTSI
MACOM Technology Solutions Stock Performance
Shares of MTSI traded down $5.69 on Wednesday, reaching $132.49. 853,736 shares of the stock traded hands, compared to its average volume of 572,602. The firm has a market cap of $9.59 billion, a price-to-earnings ratio of 128.63, a P/E/G ratio of 2.42 and a beta of 1.71. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $79.25 and a 12 month high of $143.90. The stock's 50-day moving average price is $126.80 and its 200-day moving average price is $112.89.
MACOM Technology Solutions Profile
(
Free Report)
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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