Intech Investment Management LLC Invests $279,000 in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Intech Investment Management LLC bought a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,508 shares of the semiconductor company’s stock, valued at approximately $279,000.

Other hedge funds have also modified their holdings of the company. Millennium Management LLC boosted its stake in shares of MACOM Technology Solutions by 958.1% during the 2nd quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock worth $149,214,000 after acquiring an additional 1,212,094 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in MACOM Technology Solutions in the 3rd quarter valued at about $11,005,000. Harbor Capital Advisors Inc. purchased a new position in MACOM Technology Solutions in the 3rd quarter valued at about $688,000. Stephens Investment Management Group LLC lifted its stake in MACOM Technology Solutions by 6.3% in the 3rd quarter. Stephens Investment Management Group LLC now owns 505,621 shares of the semiconductor company’s stock valued at $56,255,000 after buying an additional 29,882 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in MACOM Technology Solutions in the 3rd quarter valued at about $888,000. 76.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at MACOM Technology Solutions

In other news, SVP Donghyun Thomas Hwang sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $118.38, for a total transaction of $177,570.00. Following the completion of the sale, the senior vice president now owns 37,102 shares in the company, valued at $4,392,134.76. This trade represents a 3.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan Ocampo sold 25,351 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $130.05, for a total transaction of $3,296,897.55. Following the sale, the director now owns 6,046,676 shares of the company’s stock, valued at $786,370,213.80. This represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 230,511 shares of company stock worth $28,996,795 in the last 90 days. Insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Trading Up 1.0 %

MTSI opened at $142.46 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55. The company’s 50 day simple moving average is $120.71 and its two-hundred day simple moving average is $110.19. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $79.25 and a 1-year high of $143.90. The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of 136.92, a price-to-earnings-growth ratio of 2.40 and a beta of 1.71.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MTSI. Barclays raised their price target 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. Northland Securities raised their price target on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. Benchmark raised their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Piper Sandler raised their price target on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.91.

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.