GSA Capital Partners LLP Acquires Shares of 7,982 MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

GSA Capital Partners LLP purchased a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 7,982 shares of the semiconductor company's stock, valued at approximately $888,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC boosted its position in shares of 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 period. EP Wealth Advisors LLC grew its position in shares of MACOM Technology Solutions by 4.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 2,602 shares of the semiconductor company's stock worth $290,000 after purchasing an additional 107 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of MACOM Technology Solutions by 6.1% during the third 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 raised its position in shares of MACOM Technology Solutions by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 25,014 shares of the semiconductor company's stock valued at $2,783,000 after buying an additional 199 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in shares of MACOM Technology Solutions by 0.6% in the second 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. Institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Trading Down 3.0 %

Shares of MTSI stock traded down $3.76 on Friday, hitting $123.00. The company had a trading volume of 581,319 shares, compared to its average volume of 589,836. The stock's 50-day moving average is $113.44 and its two-hundred day moving average is $107.64. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.55 and a current ratio of 8.35. The firm has a market cap of $8.91 billion, a P/E ratio of 119.42, a P/E/G ratio of 2.16 and a beta of 1.69. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $79.25 and a twelve month high of $140.27.

Insider Buying and Selling

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 4,375 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $104.57, for a total value of $457,493.75. Following the transaction, the senior vice president now owns 37,148 shares in the company, valued at approximately $3,884,566.36. This represents a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert Dennehy sold 6,915 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $101.38, for a total value of $701,042.70. Following the completion of the transaction, the senior vice president now owns 19,481 shares in the company, valued at approximately $1,974,983.78. This represents a 26.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 400,891 shares of company stock valued at $45,266,113 over the last quarter. Insiders own 22.75% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Barclays raised their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. JPMorgan Chase & Co. lifted their price objective on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a "neutral" rating in a research note on Friday, August 2nd. Northland Securities upped their target price on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a "market perform" rating in a research note on Monday, November 11th. Benchmark lifted their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, Piper Sandler upped their price objective on 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 research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, MACOM Technology Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $125.91.

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.