Victory Capital Management Inc. lowered its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 14.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 299,508 shares of the semiconductor company's stock after selling 49,049 shares during the quarter. Victory Capital Management Inc. owned 0.41% of MACOM Technology Solutions worth $33,323,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in MACOM Technology Solutions during the 2nd quarter valued at about $39,000. GAMMA Investing LLC raised its holdings 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 acquiring an additional 283 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of MACOM Technology Solutions during the third quarter valued at $66,000. FSC Wealth Advisors LLC acquired a new position in MACOM Technology Solutions in the 2nd quarter valued at about $78,000. Finally, Farther Finance Advisors LLC lifted its holdings in MACOM Technology Solutions by 303.5% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 76.14% of the company's stock.
Analyst Upgrades and Downgrades
MTSI has been the subject of several recent analyst reports. Benchmark lifted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. JPMorgan Chase & Co. boosted their target price 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. Needham & Company LLC increased their price target on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Barclays lifted their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Finally, Piper Sandler upped their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $125.91.
View Our Latest Report on MTSI
Insiders Place Their Bets
In other news, Director Susan Ocampo sold 105,782 shares of the company's stock in a transaction on Friday, November 15th. The shares were 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 approximately $731,385,369.36. This represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Robert Dennehy sold 6,683 shares of MACOM Technology Solutions stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $106.78, for a total transaction of $713,610.74. Following the sale, the senior vice president now directly owns 26,396 shares in the company, valued at $2,818,564.88. This trade represents a 20.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 400,891 shares of company stock worth $45,266,113 in the last 90 days. 22.75% of the stock is owned by company insiders.
MACOM Technology Solutions Stock Down 3.0 %
Shares of NASDAQ MTSI traded down $3.76 on Friday, hitting $123.00. The company had a trading volume of 581,319 shares, compared to its average volume of 589,836. The company has a quick ratio of 6.55, a current ratio of 8.35 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. The firm has a market capitalization of $8.91 billion, a P/E ratio of 119.42, a PEG ratio of 2.16 and a beta of 1.69. The business has a 50 day moving average of $113.44 and a two-hundred day moving average of $107.58.
MACOM Technology Solutions Company Profile
(
Free Report)
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.
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