Versor Investments LP Grows Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Versor Investments LP grew its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 225.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,760 shares of the semiconductor company's stock after purchasing an additional 6,068 shares during the quarter. Versor Investments LP's holdings in MACOM Technology Solutions were worth $975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTSI. CWM LLC grew its stake in shares of MACOM Technology Solutions by 7.3% during the second quarter. CWM LLC now owns 1,451 shares of the semiconductor company's stock valued at $162,000 after buying an additional 99 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in shares of MACOM Technology Solutions by 4.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 2,602 shares of the semiconductor company's stock valued at $290,000 after buying an additional 107 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in MACOM Technology Solutions by 6.1% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,371 shares of the semiconductor company's stock worth $264,000 after purchasing an additional 137 shares in the last quarter. Chartwell Investment Partners LLC increased its holdings in shares of MACOM Technology Solutions by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 25,014 shares of the semiconductor company's stock worth $2,783,000 after buying an additional 199 shares during the last quarter. Finally, TD Asset Management Inc boosted its position in MACOM Technology Solutions by 0.6% in the 2nd quarter. TD Asset Management Inc now owns 39,244 shares of the semiconductor company's stock valued at $4,375,000 after buying an additional 244 shares during the period. 76.14% of the stock is owned by institutional investors.

MACOM Technology Solutions Trading Down 2.0 %

Shares of NASDAQ MTSI traded down $2.63 during midday trading on Tuesday, reaching $131.86. The company had a trading volume of 473,547 shares, compared to its average volume of 571,073. MACOM Technology Solutions Holdings, Inc. has a one year low of $75.15 and a one year high of $140.27. The company has a quick ratio of 6.33, a current ratio of 8.35 and a debt-to-equity ratio of 0.43. The firm's fifty day moving average price is $111.09 and its 200-day moving average price is $106.91. The stock has a market cap of $9.52 billion, a PE ratio of 127.65, a price-to-earnings-growth ratio of 5.25 and a beta of 1.69.

Analysts Set New Price Targets

A number of brokerages have issued reports on MTSI. Needham & Company LLC upped their price target on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Stifel Nicolaus boosted their price target on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday, July 18th. Northland Securities increased their price target on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a "market perform" rating in a research note on Monday. Piper Sandler increased their price target on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Finally, Barclays raised their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, MACOM Technology Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $125.91.

Insider Activity at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 305,395 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $106.48, for a total value of $32,518,459.60. Following the sale, the director now owns 6,550,889 shares in the company, valued at $697,538,660.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, SVP Donghyun Thomas Hwang sold 1,500 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $118.38, for a total transaction of $177,570.00. Following the completion of the transaction, the senior vice president now owns 37,102 shares in the company, valued at $4,392,134.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Susan Ocampo sold 305,395 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $106.48, for a total transaction of $32,518,459.60. Following the completion of the transaction, the director now directly owns 6,550,889 shares of the company's stock, valued at approximately $697,538,660.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 575,153 shares of company stock worth $61,405,615 in the last 90 days. Company insiders own 22.75% of the company's stock.

MACOM Technology Solutions Company 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.