Cerity Partners LLC Increases Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Cerity Partners LLC boosted its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 13.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,848 shares of the semiconductor company’s stock after acquiring an additional 2,398 shares during the period. Cerity Partners LLC’s holdings in MACOM Technology Solutions were worth $2,320,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Millennium Management LLC raised its stake in shares of MACOM Technology Solutions by 958.1% during the second quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock worth $149,214,000 after purchasing an additional 1,212,094 shares during the last quarter. 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. Charles Schwab Investment Management Inc. grew its stake in MACOM Technology Solutions by 52.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company’s stock worth $59,037,000 after acquiring an additional 182,058 shares during the period. F M Investments LLC acquired a new position in MACOM Technology Solutions in the second quarter valued at $18,817,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of MACOM Technology Solutions during the 3rd quarter worth about $11,005,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

MACOM Technology Solutions Stock Up 0.9 %

NASDAQ MTSI opened at $132.82 on Monday. The stock has a market capitalization of $9.62 billion, a P/E ratio of 128.95, a price-to-earnings-growth ratio of 2.33 and a beta of 1.69. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $79.25 and a 52 week high of $140.27. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.55 and a current ratio of 8.35. The stock has a fifty day moving average of $119.42 and a 200-day moving average of $109.61.

Insiders Place Their Bets

In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 4,742 shares of MACOM Technology Solutions stock in a transaction on Monday, October 28th. The shares were sold at an average price of $118.32, for a total transaction of $561,073.44. Following the completion of the transaction, the chief executive officer now directly owns 65,577 shares of the company’s stock, valued at $7,759,070.64. The trade was a 6.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan Ocampo sold 12,438 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $136.73, for a total value of $1,700,647.74. Following the completion of the transaction, the director now directly owns 6,500,755 shares in the company, valued at $888,848,231.15. The trade was a 0.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 234,886 shares of company stock worth $29,454,289. Company insiders own 22.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MTSI shares. Piper Sandler increased their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Northland Securities lifted their price objective on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a report on Monday, November 11th. Benchmark increased their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Barclays boosted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.