MML Investors Services LLC Sells 227 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

MML Investors Services LLC reduced its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 10.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,912 shares of the semiconductor company’s stock after selling 227 shares during the quarter. MML Investors Services LLC’s holdings in MACOM Technology Solutions were worth $213,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MTSI. EP Wealth Advisors LLC increased its position in MACOM Technology Solutions by 4.2% in the 3rd quarter. EP Wealth Advisors LLC now owns 2,712 shares of the semiconductor company’s stock valued at $302,000 after buying an additional 110 shares in the last quarter. Symmetry Peak Management LLC bought a new position in MACOM Technology Solutions in the third quarter worth approximately $250,000. Quantinno Capital Management LP acquired a new stake in MACOM Technology Solutions in the third quarter valued at approximately $251,000. Quarry LP bought a new stake in shares of MACOM Technology Solutions during the third quarter valued at approximately $57,000. Finally, Polar Asset Management Partners Inc. raised its position in shares of MACOM Technology Solutions by 6.8% during the third quarter. Polar Asset Management Partners Inc. now owns 184,800 shares of the semiconductor company’s stock worth $20,561,000 after purchasing an additional 11,800 shares during the period. 76.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Ambra R. Roth sold 1,366 shares of MACOM Technology Solutions stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $139.07, for a total transaction of $189,969.62. Following the completion of the transaction, the senior vice president now directly owns 6,564 shares of the company’s stock, valued at $912,855.48. This trade represents a 17.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Stephen G. Daly sold 7,122 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $112.53, for a total transaction of $801,438.66. Following the transaction, the chief executive officer now directly owns 55,826 shares of the company’s stock, valued at $6,282,099.78. This represents a 11.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 224,962 shares of company stock worth $28,485,722 over the last three months. Company insiders own 22.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MTSI. Barclays lifted their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Benchmark lifted their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Piper Sandler increased their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, Northland Securities lifted their price objective on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, MACOM Technology Solutions presently has an average rating of “Moderate Buy” and an average target price of $128.00.

MACOM Technology Solutions Price Performance

Shares of MTSI stock opened at $135.30 on Friday. 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 firm has a market cap of $9.80 billion, a P/E ratio of 131.36, a P/E/G ratio of 2.43 and a beta of 1.71. The business’s 50 day moving average price is $129.35 and its 200-day moving average price is $114.23. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $79.25 and a fifty-two week high of $143.90.

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.