Sanctuary Advisors LLC Invests $230,000 in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Sanctuary Advisors LLC bought a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,068 shares of the semiconductor company’s stock, valued at approximately $230,000.

A number of other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of MACOM Technology Solutions by 2.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,470 shares of the semiconductor company’s stock worth $1,390,000 after buying an additional 273 shares in the last quarter. Maryland State Retirement & Pension System purchased a new position in shares of MACOM Technology Solutions during the second quarter valued at $484,000. Lisanti Capital Growth LLC raised its holdings in shares of MACOM Technology Solutions by 109.1% in the 2nd quarter. Lisanti Capital Growth LLC now owns 47,705 shares of the semiconductor company’s stock valued at $5,318,000 after purchasing an additional 24,895 shares in the last quarter. CIBC Asset Management Inc bought a new stake in MACOM Technology Solutions during the 2nd quarter valued at $230,000. Finally, Versor Investments LP bought a new position in MACOM Technology Solutions in the second quarter worth about $300,000. Institutional investors own 76.14% of the company’s stock.

Insider Buying and Selling at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 12,438 shares of the company’s stock in a transaction dated 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 sale, the director now owns 6,500,755 shares of the company’s stock, valued at $888,848,231.15. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Ambra R. Roth sold 1,366 shares of MACOM Technology Solutions stock in a transaction on Monday, December 9th. The shares were sold at an average price of $139.07, for a total value of $189,969.62. Following the completion of the transaction, the senior vice president now owns 6,564 shares of the company’s stock, valued at approximately $912,855.48. The trade was a 17.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 224,962 shares of company stock valued at $28,485,722 in the last ninety days. Company insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Price Performance

MTSI opened at $133.54 on Monday. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $79.25 and a twelve month high of $143.90. The company has a current ratio of 8.35, a quick ratio of 6.55 and a debt-to-equity ratio of 0.43. The firm has a market cap of $9.67 billion, a price-to-earnings ratio of 129.65, a PEG ratio of 2.43 and a beta of 1.71. The company has a fifty day simple moving average of $129.74 and a 200 day simple moving average of $114.53.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MTSI. Northland Securities upped their price objective on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a report on Monday, November 11th. Benchmark lifted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a report on Friday, November 8th. Piper Sandler raised their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, 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. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.00.

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.