MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC lowered its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 65.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,575 shares of the semiconductor company's stock after selling 31,130 shares during the quarter. Lisanti Capital Growth LLC's holdings in MACOM Technology Solutions were worth $1,844,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTSI. Chartwell Investment Partners LLC grew its position in 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 worth $2,783,000 after acquiring an additional 199 shares during the period. Crossmark Global Holdings Inc. increased its position in shares of MACOM Technology Solutions by 23.3% during the third quarter. Crossmark Global Holdings Inc. now owns 4,040 shares of the semiconductor company's stock worth $450,000 after acquiring an additional 763 shares during the period. Verdence Capital Advisors LLC raised its stake in shares of MACOM Technology Solutions by 6.1% in the third quarter. Verdence Capital Advisors LLC now owns 2,371 shares of the semiconductor company's stock valued at $264,000 after acquiring an additional 137 shares in the last quarter. Verity Asset Management Inc. acquired a new position in MACOM Technology Solutions during the 3rd quarter worth $288,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in MACOM Technology Solutions during the 3rd quarter worth about $688,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Susan Ocampo sold 305,395 shares of MACOM Technology Solutions 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 approximately $697,538,660.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Susan Ocampo sold 305,395 shares of the business's stock in a transaction dated 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 owns 6,550,889 shares of the company's stock, valued at approximately $697,538,660.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen G. Daly sold 21,012 shares of the company's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $109.40, for a total transaction of $2,298,712.80. Following the completion of the sale, the chief executive officer now owns 64,472 shares in the company, valued at approximately $7,053,236.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 670,896 shares of company stock worth $71,284,378 over the last 90 days. Company insiders own 22.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MTSI. Stifel Nicolaus upped their target price on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a "buy" rating in a research note on Thursday, July 18th. Needham & Company LLC increased their price objective on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. 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 research note on Friday. Benchmark raised 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. Finally, Northland Securities upped their price objective on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a "market perform" rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $125.91.

MACOM Technology Solutions Stock Down 2.4 %

Shares of MTSI stock traded down $3.37 during trading hours on Monday, reaching $134.49. The company had a trading volume of 610,356 shares, compared to its average volume of 571,508. The stock's fifty day simple moving average is $110.59 and its 200 day simple moving average is $106.67. The company has a market capitalization of $9.71 billion, a P/E ratio of 133.01, a price-to-earnings-growth ratio of 5.25 and a beta of 1.69. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.33 and a current ratio of 8.35. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $75.15 and a twelve month high of $140.27.

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.