Segall Bryant & Hamill LLC Sells 4,218 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Segall Bryant & Hamill LLC lessened its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,167 shares of the semiconductor company's stock after selling 4,218 shares during the period. Segall Bryant & Hamill LLC owned about 0.14% of MACOM Technology Solutions worth $11,478,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Opal Wealth Advisors LLC acquired a new stake in MACOM Technology Solutions in the second quarter worth $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 worth $52,000 after buying an additional 283 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of MACOM Technology Solutions in the 3rd quarter worth about $66,000. FSC Wealth Advisors LLC purchased a new stake in shares of MACOM Technology Solutions during the second quarter valued at approximately $78,000. Finally, Farther Finance Advisors LLC boosted its holdings in MACOM Technology Solutions by 303.5% in the third quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company's stock valued at $102,000 after acquiring an additional 692 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company's stock.

MACOM Technology Solutions Trading Up 3.0 %

Shares of NASDAQ:MTSI traded up $3.77 during midday trading on Thursday, hitting $131.33. The company had a trading volume of 589,106 shares, compared to its average volume of 573,199. The firm has a fifty day simple moving average of $115.67 and a 200 day simple moving average of $108.27. The stock has a market cap of $9.51 billion, a price-to-earnings ratio of 127.51, a PEG ratio of 2.20 and a beta of 1.69. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $79.25 and a 12 month high of $140.27. The company has a current ratio of 8.35, a quick ratio of 6.55 and a debt-to-equity ratio of 0.43.

Insider Buying and Selling

In other news, CFO John Kober sold 19,470 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $126.88, for a total transaction of $2,470,353.60. Following the completion of the sale, the chief financial officer now owns 51,489 shares of the company's stock, valued at approximately $6,532,924.32. This represents a 27.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Susan Ocampo sold 51,010 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $107.02, for a total transaction of $5,459,090.20. Following the completion of the sale, the director now owns 6,194,746 shares in the company, valued at approximately $662,961,716.92. The trade was a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 324,278 shares of company stock worth $37,588,031. Corporate insiders own 22.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MTSI. Northland Securities raised their price target on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a "market perform" rating in a research note on Monday, November 11th. Benchmark lifted their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a "buy" rating in a report on Friday, November 8th. Needham & Company LLC upped their target price on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. increased their price target on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Finally, Barclays boosted their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $125.91.

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.