MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 35.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,539 shares of the semiconductor company's stock after selling 74,003 shares during the quarter. Principal Financial Group Inc. owned approximately 0.18% of MACOM Technology Solutions worth $14,858,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millennium Management LLC raised its stake in MACOM Technology Solutions by 958.1% during the 2nd quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company's stock valued at $149,214,000 after acquiring an additional 1,212,094 shares during the last quarter. Hood River Capital Management LLC lifted its holdings in shares of MACOM Technology Solutions by 280.5% during the second quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company's stock worth $78,568,000 after purchasing an additional 519,603 shares during the period. Vanguard Group Inc. raised its position in MACOM Technology Solutions by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company's stock worth $592,395,000 after buying an additional 465,759 shares during the last quarter. F M Investments LLC acquired a new stake in shares of MACOM Technology Solutions in the 2nd quarter worth $18,817,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of MACOM Technology Solutions by 12.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company's stock worth $132,821,000 after acquiring an additional 154,066 shares during the period. Hedge funds and other institutional investors own 76.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Piper Sandler raised their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Northland Securities raised 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. Finally, Needham & Company LLC raised their target price on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $125.91.

MACOM Technology Solutions Trading Down 3.0 %

NASDAQ:MTSI traded down $3.76 during mid-day trading on Friday, reaching $123.00. The company's stock had a trading volume of 581,319 shares, compared to its average volume of 571,187. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $79.25 and a twelve month high of $140.27. The company's fifty day simple moving average is $113.44 and its two-hundred day simple moving average is $107.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55. The stock has a market cap of $8.91 billion, a P/E ratio of 119.42, a P/E/G ratio of 2.42 and a beta of 1.69.

Insider Buying and Selling

In other news, SVP Donghyun Thomas Hwang sold 4,375 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $104.57, for a total transaction of $457,493.75. Following the completion of the sale, the senior vice president now directly owns 37,148 shares in the company, valued at $3,884,566.36. This represents a 10.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Susan Ocampo sold 105,782 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $123.67, for a total value of $13,082,059.94. Following the completion of the transaction, the director now directly owns 5,914,008 shares in the company, valued at $731,385,369.36. This trade represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 400,891 shares of company stock valued at $45,266,113. Insiders own 22.75% of the company's stock.

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.