Pacer Advisors Inc. Has $1.68 Million Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Pacer Advisors Inc. lowered its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 13.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,944 shares of the semiconductor company's stock after selling 1,937 shares during the quarter. Pacer Advisors Inc.'s holdings in MACOM Technology Solutions were worth $1,682,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its position in shares of MACOM Technology Solutions by 74.3% during the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock worth $31,000 after acquiring an additional 101 shares during the last quarter. EP Wealth Advisors LLC grew its position in MACOM Technology Solutions by 4.3% in 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 during the last quarter. Verdence Capital Advisors LLC increased 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 purchasing an additional 137 shares during the period. Avior Wealth Management LLC raised its holdings in shares of MACOM Technology Solutions by 3.4% during the third quarter. Avior Wealth Management LLC now owns 4,802 shares of the semiconductor company's stock valued at $534,000 after buying an additional 157 shares during the last quarter. Finally, Chartwell Investment Partners LLC raised its holdings in shares of MACOM Technology Solutions by 0.8% during 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 during the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Susan Ocampo sold 25,351 shares of MACOM Technology Solutions stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $130.05, for a total value of $3,296,897.55. Following the transaction, the director now directly owns 6,046,676 shares of the company's stock, valued at $786,370,213.80. This trade represents a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Robert Dennehy sold 2,539 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $120.80, for a total transaction of $306,711.20. Following the sale, the senior vice president now owns 31,206 shares in the company, valued at $3,769,684.80. This represents a 7.52 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 218,532 shares of company stock worth $27,902,795. Corporate insiders own 16.30% of the company's stock.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI traded up $3.13 during trading hours on Wednesday, hitting $135.73. 884,731 shares of the company's stock traded hands, compared to its average volume of 662,127. 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 company's fifty day simple moving average is $136.13 and its two-hundred day simple moving average is $119.61. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $79.25 and a 52 week high of $152.50. The company has a market cap of $10.09 billion, a price-to-earnings ratio of 131.78, a price-to-earnings-growth ratio of 2.32 and a beta of 1.71.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MTSI. Benchmark raised their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Barclays raised their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Northland Securities upped their price objective on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a "market perform" rating in a report on Monday, November 11th. Finally, Piper Sandler raised their target price on shares of 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 equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, MACOM Technology Solutions currently has an average rating of "Moderate Buy" and an average price target of $128.00.

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.