MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 20.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 657,264 shares of the semiconductor company's stock after selling 172,546 shares during the quarter. Janus Henderson Group PLC owned 0.91% of MACOM Technology Solutions worth $73,128,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MTSI. Cinctive Capital Management LP raised its stake in shares of MACOM Technology Solutions by 744.5% in the third quarter. Cinctive Capital Management LP now owns 88,608 shares of the semiconductor company's stock worth $9,859,000 after buying an additional 78,116 shares during the period. Clearline Capital LP purchased a new position in MACOM Technology Solutions during the third quarter valued at approximately $2,640,000. Concentric Capital Strategies LP boosted its position in shares of MACOM Technology Solutions by 96.8% in the third quarter. Concentric Capital Strategies LP now owns 102,216 shares of the semiconductor company's stock worth $11,373,000 after purchasing an additional 50,272 shares during the period. Point72 Hong Kong Ltd increased its stake in shares of MACOM Technology Solutions by 10.7% in the third quarter. Point72 Hong Kong Ltd now owns 164,097 shares of the semiconductor company's stock worth $18,257,000 after purchasing an additional 15,805 shares in the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of MACOM Technology Solutions by 3.3% during the 3rd quarter. MetLife Investment Management LLC now owns 29,815 shares of the semiconductor company's stock valued at $3,317,000 after purchasing an additional 940 shares during the period. 76.14% of the stock is currently owned by institutional investors.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 7,122 shares of the business's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $112.53, for a total value of $801,438.66. Following the completion of the transaction, the chief executive officer now directly owns 55,826 shares in the company, valued at approximately $6,282,099.78. The trade was a 11.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Robert Dennehy sold 6,915 shares of the firm's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $101.38, for a total transaction of $701,042.70. Following the completion of the sale, the senior vice president now owns 19,481 shares in the company, valued at $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. In the last ninety days, insiders have sold 230,511 shares of company stock worth $28,996,795. Insiders own 22.75% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Northland Securities raised their price target on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a "market perform" rating in a report on Monday, November 11th. Benchmark boosted their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Piper Sandler increased their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Finally, Barclays boosted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $125.91.

MACOM Technology Solutions Trading Up 0.8 %

Shares of NASDAQ MTSI traded up $1.13 during trading hours on Friday, hitting $139.07. 572,593 shares of the company traded hands, compared to its average volume of 573,659. The company has a current ratio of 8.35, a quick ratio of 6.55 and a debt-to-equity ratio of 0.43. The company's 50 day moving average price is $121.93 and its 200 day moving average price is $110.61. The stock has a market capitalization of $10.07 billion, a price-to-earnings ratio of 133.92, a price-to-earnings-growth ratio of 2.47 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $79.25 and a 12 month high of $143.90.

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.