MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock Holdings Lessened by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lessened its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 17.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 646,546 shares of the semiconductor company's stock after selling 132,132 shares during the quarter. Loomis Sayles & Co. L P owned about 0.90% of MACOM Technology Solutions worth $71,935,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new stake in shares of MACOM Technology Solutions during the 2nd quarter worth approximately $39,000. GAMMA Investing LLC lifted its position in MACOM Technology Solutions by 153.0% in the second quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company's stock valued at $52,000 after acquiring an additional 283 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in MACOM Technology Solutions in the third quarter valued at $66,000. FSC Wealth Advisors LLC purchased a new position in shares of MACOM Technology Solutions during the second quarter worth about $78,000. Finally, Farther Finance Advisors LLC increased its position 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 in the last quarter. Hedge funds and other institutional investors own 76.14% of the company's stock.

Insider Activity

In related news, SVP Donghyun Thomas Hwang sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $118.38, for a total transaction of $177,570.00. Following the completion of the transaction, the senior vice president now owns 37,102 shares in the company, valued at $4,392,134.76. The trade was a 3.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan Ocampo sold 70,000 shares of the company's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $106.26, for a total transaction of $7,438,200.00. Following the transaction, the director now owns 6,826,685 shares of the company's stock, valued at $725,403,548.10. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 273,268 shares of company stock worth $32,128,941 over the last ninety days. Corporate insiders own 22.75% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MTSI shares. Benchmark lifted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a "buy" rating in a report on Friday, November 8th. 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 report on Monday, November 11th. Needham & Company LLC upped their price target on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Barclays boosted their price objective 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. Finally, Piper Sandler increased their target price 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. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.91.

MACOM Technology Solutions Stock Up 0.6 %

NASDAQ:MTSI traded up $0.87 during mid-day trading on Monday, hitting $135.37. The company had a trading volume of 582,133 shares, compared to its average volume of 573,725. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $79.25 and a 1 year high of $140.27. The business has a fifty day simple moving average of $116.33 and a 200-day simple moving average of $108.57. 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 firm has a market capitalization of $9.80 billion, a price-to-earnings ratio of 131.43, a PEG ratio of 2.36 and a beta of 1.69.

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.