OneDigital Investment Advisors LLC Trims Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

OneDigital Investment Advisors LLC decreased its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 10.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,877 shares of the semiconductor company’s stock after selling 222 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in MACOM Technology Solutions were worth $209,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTSI. Millennium Management LLC increased its holdings in shares of MACOM Technology Solutions by 958.1% in the 2nd 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 during the period. Hood River Capital Management LLC increased its stake in MACOM Technology Solutions by 280.5% in the second quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock valued at $78,568,000 after purchasing an additional 519,603 shares during the period. F M Investments LLC purchased a new stake in shares of MACOM Technology Solutions in the second quarter valued at about $18,817,000. Price T Rowe Associates Inc. MD boosted its stake in shares of MACOM Technology Solutions by 12.5% during 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 buying an additional 154,066 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of MACOM Technology Solutions during the third quarter worth about $11,005,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

MACOM Technology Solutions Stock Performance

NASDAQ:MTSI opened at $134.50 on Friday. The firm’s fifty day simple moving average is $116.33 and its 200-day simple moving average is $108.52. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43. The stock has a market cap of $9.74 billion, a PE ratio of 130.58, a price-to-earnings-growth ratio of 2.31 and a beta of 1.69. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $79.25 and a fifty-two week high of $140.27.

Analyst Ratings Changes

Several research firms have commented on MTSI. Needham & Company LLC upped their price objective on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Northland Securities upped 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. Piper Sandler lifted their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on shares of 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, Benchmark raised 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. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $125.91.

Insider Buying and Selling

In related news, Director Susan Ocampo sold 105,782 shares of MACOM Technology Solutions stock in a transaction on Friday, November 15th. The stock was sold at an average price of $123.67, for a total transaction of $13,082,059.94. Following the completion of the transaction, the director now directly owns 5,914,008 shares of the company’s stock, valued at approximately $731,385,369.36. The trade was a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO John Kober sold 19,470 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $126.88, for a total value of $2,470,353.60. Following the completion of the sale, the chief financial officer now directly owns 51,489 shares in the company, valued at $6,532,924.32. This trade represents a 27.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 273,268 shares of company stock valued at $32,128,941. Corporate insiders own 22.75% of the company’s stock.

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.