Quantbot Technologies LP Takes Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Quantbot Technologies LP bought a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,998 shares of the semiconductor company's stock, valued at approximately $1,891,000.

Several other institutional investors have also made changes to their positions in MTSI. Opal Wealth Advisors LLC acquired a new stake in shares of MACOM Technology Solutions during the second quarter worth approximately $39,000. GAMMA Investing LLC grew its holdings in shares of MACOM Technology Solutions by 153.0% during the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company's stock valued at $52,000 after acquiring an additional 283 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of MACOM Technology Solutions in the third quarter worth $66,000. FSC Wealth Advisors LLC purchased a new stake in shares of MACOM Technology Solutions during the second quarter worth $78,000. Finally, Farther Finance Advisors LLC boosted its position in MACOM Technology Solutions by 303.5% during the third quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company's stock valued at $102,000 after purchasing an additional 692 shares during the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MTSI shares. Barclays raised their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. Northland Securities lifted their target price 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. JPMorgan Chase & Co. raised their price target on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Benchmark upped their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Finally, Needham & Company LLC raised their target price on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a "buy" rating in a report on Friday, August 2nd. 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 company presently has an average rating of "Moderate Buy" and a consensus price target of $125.91.

Insider Activity

In other MACOM Technology Solutions news, Director Susan Ocampo sold 105,782 shares of the company's stock in a transaction that occurred 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 owns 5,914,008 shares of the company's stock, valued at $731,385,369.36. This represents a 1.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Donghyun Thomas Hwang sold 1,500 shares of MACOM Technology Solutions stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $118.38, for a total value of $177,570.00. Following the sale, the senior vice president now directly owns 37,102 shares in the company, valued at $4,392,134.76. The trade was a 3.89 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 234,886 shares of company stock valued at $29,454,289. 22.75% of the stock is owned by company insiders.

MACOM Technology Solutions Stock Performance

NASDAQ:MTSI traded up $1.15 during mid-day trading on Friday, hitting $132.82. 197,761 shares of the company's stock traded hands, compared to its average volume of 572,122. The firm has a market capitalization of $9.62 billion, a price-to-earnings ratio of 128.95, a price-to-earnings-growth ratio of 2.31 and a beta of 1.69. The firm has a 50 day moving average of $119.42 and a two-hundred day moving average of $109.57. The company has a current ratio of 8.35, a quick ratio of 6.55 and a debt-to-equity ratio of 0.43. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $79.25 and a 12 month high of $140.27.

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.