Atria Investments Inc Decreases Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Atria Investments Inc lowered its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,205 shares of the semiconductor company’s stock after selling 151 shares during the quarter. Atria Investments Inc’s holdings in MACOM Technology Solutions were worth $802,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MTSI. Vanguard Group Inc. lifted its stake in MACOM Technology Solutions by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock valued at $592,395,000 after buying an additional 465,759 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of MACOM Technology Solutions by 12.5% in 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 last quarter. Millennium Management LLC lifted its position in shares of MACOM Technology Solutions by 958.1% in the second 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of MACOM Technology Solutions by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 993,316 shares of the semiconductor company’s stock valued at $110,722,000 after acquiring an additional 69,689 shares during the last quarter. Finally, Hood River Capital Management LLC increased its position in MACOM Technology Solutions by 280.5% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

MACOM Technology Solutions Stock Performance

MACOM Technology Solutions stock opened at $123.23 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55. 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 market cap of $8.92 billion, a price-to-earnings ratio of 119.64, a price-to-earnings-growth ratio of 2.16 and a beta of 1.69. The stock’s 50-day moving average is $113.97 and its 200-day moving average is $107.81.

Insider Activity at MACOM Technology Solutions

In other news, SVP Robert Dennehy sold 6,915 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $101.38, for a total value of $701,042.70. Following the completion of the sale, the senior vice president now owns 19,481 shares in the company, valued at approximately $1,974,983.78. This trade represents a 26.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan Ocampo sold 105,782 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 5,914,008 shares in the company, valued at approximately $731,385,369.36. The trade was a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 307,163 shares of company stock worth $35,300,952. Company insiders own 22.75% of the company’s stock.

Wall Street Analysts Forecast Growth

MTSI has been the topic of a number of recent research reports. Piper Sandler upped their target price 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. Needham & Company LLC raised their target price on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Benchmark boosted their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a report on Friday, November 8th. Barclays increased 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. Finally, Northland Securities lifted their price objective on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MACOM Technology Solutions has a consensus rating of “Moderate Buy” and an average target price of $125.91.

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.