Point72 Hong Kong Ltd Has $18.26 Million Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Point72 Hong Kong Ltd grew its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 10.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 164,097 shares of the semiconductor company's stock after acquiring an additional 15,805 shares during the quarter. MACOM Technology Solutions accounts for 1.2% of Point72 Hong Kong Ltd's portfolio, making the stock its 17th largest holding. Point72 Hong Kong Ltd owned approximately 0.23% of MACOM Technology Solutions worth $18,257,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Tidal Investments LLC boosted its stake in MACOM Technology Solutions by 175.1% during the 1st quarter. Tidal Investments LLC now owns 11,032 shares of the semiconductor company's stock worth $1,055,000 after acquiring an additional 7,022 shares during the last quarter. Westfield Capital Management Co. LP increased its holdings in MACOM Technology Solutions by 21.0% during the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company's stock worth $134,686,000 after buying an additional 210,151 shares during the last quarter. Millennium Management LLC lifted its position in shares of MACOM Technology Solutions by 958.1% in the second quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company's stock valued at $149,214,000 after buying an additional 1,212,094 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of MACOM Technology Solutions by 18.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company's stock worth $82,945,000 after buying an additional 116,090 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in MACOM Technology Solutions in the 3rd quarter valued at $11,005,000. Institutional investors own 76.14% of the company's stock.

Insider Transactions at MACOM Technology Solutions

In other news, CEO Stephen G. Daly sold 4,742 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $118.32, for a total transaction of $561,073.44. Following the completion of the sale, the chief executive officer now owns 65,577 shares of the company's stock, valued at approximately $7,759,070.64. This trade represents a 6.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan Ocampo sold 105,782 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $123.67, for a total transaction of $13,082,059.94. Following the completion of the transaction, the director now owns 5,914,008 shares in the company, valued at approximately $731,385,369.36. The trade was a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 234,886 shares of company stock valued at $29,454,289 in the last ninety days. Corporate insiders own 22.75% of the company's stock.

Wall Street Analysts Forecast Growth

MTSI has been the topic of a number of recent analyst reports. Northland Securities lifted their price objective on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the company a "market perform" rating in a research note on Monday, November 11th. Benchmark raised their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Piper Sandler lifted their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Finally, Barclays boosted their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $125.91.

MACOM Technology Solutions Stock Performance

Shares of MACOM Technology Solutions stock traded up $1.15 during trading hours on Friday, hitting $132.82. 197,761 shares of the company were exchanged, compared to its average volume of 656,259. 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 50-day moving average of $119.42 and a 200-day moving average of $109.61. The stock has a market capitalization of $9.62 billion, a price-to-earnings ratio of 128.95, a P/E/G ratio of 2.33 and a beta of 1.69. The company has a current ratio of 8.35, a quick ratio of 6.55 and a debt-to-equity ratio of 0.43.

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.