WCM Investment Management LLC Cuts Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

WCM Investment Management LLC lowered its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 29.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 131,334 shares of the semiconductor company's stock after selling 55,626 shares during the period. WCM Investment Management LLC owned about 0.18% of MACOM Technology Solutions worth $14,646,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Opal Wealth Advisors LLC acquired a new stake in shares of MACOM Technology Solutions in the second quarter valued at $39,000. GAMMA Investing LLC raised its position in shares of 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 buying an additional 283 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of MACOM Technology Solutions during the 3rd quarter worth $66,000. FSC Wealth Advisors LLC bought a new position in MACOM Technology Solutions in the 2nd quarter valued at approximately $78,000. Finally, Farther Finance Advisors LLC raised its holdings in MACOM Technology Solutions by 303.5% during 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. 76.14% of the stock is currently owned by institutional investors.

MACOM Technology Solutions Trading Down 2.0 %

MACOM Technology Solutions stock traded down $2.63 during trading hours on Tuesday, reaching $131.86. The stock had a trading volume of 473,547 shares, compared to its average volume of 571,073. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $75.15 and a 52 week high of $140.27. The stock has a market cap of $9.52 billion, a PE ratio of 127.65, a PEG ratio of 5.25 and a beta of 1.69. The company has a fifty day simple moving average of $111.09 and a 200-day simple moving average of $106.91. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.33.

Insider Activity at MACOM Technology Solutions

In other news, 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 sale, the chief executive officer now directly owns 64,472 shares in the company, valued at approximately $7,053,236.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 21,012 shares of the business's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $109.40, for a total transaction of $2,298,712.80. Following the sale, the chief executive officer now owns 64,472 shares in the company, valued at approximately $7,053,236.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Ocampo sold 93,728 shares of the firm's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $106.32, for a total transaction of $9,965,160.96. Following the sale, the director now owns 6,302,256 shares in the company, valued at approximately $670,055,857.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 575,153 shares of company stock worth $61,405,615. 22.75% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MTSI shares. Stifel Nicolaus increased their target price on MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Thursday, July 18th. 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 report on Monday. JPMorgan Chase & Co. boosted their price target on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Benchmark increased 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. Finally, Piper Sandler lifted their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $125.91.

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.