MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 17.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,675 shares of the semiconductor company’s stock after acquiring an additional 546 shares during the period. Park Avenue Securities LLC’s holdings in MACOM Technology Solutions were worth $477,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Envestnet Asset Management Inc. raised its position in shares of MACOM Technology Solutions by 4.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 92,066 shares of the semiconductor company’s stock worth $10,263,000 after purchasing an additional 3,626 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of MACOM Technology Solutions in the second quarter worth $405,000. Hsbc Holdings PLC lifted its position in shares of MACOM Technology Solutions by 36.8% in the second quarter. Hsbc Holdings PLC now owns 4,230 shares of the semiconductor company’s stock valued at $474,000 after acquiring an additional 1,138 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of MACOM Technology Solutions by 4.2% during the second quarter. AQR Capital Management LLC now owns 15,715 shares of the semiconductor company’s stock valued at $1,752,000 after acquiring an additional 629 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C purchased a new stake in MACOM Technology Solutions during the 2nd quarter worth about $207,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Analyst Ratings Changes

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

MACOM Technology Solutions Trading Down 0.9 %

MTSI stock opened at $146.03 on Friday. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $79.25 and a 52 week high of $152.50. The company has a market cap of $10.86 billion, a price-to-earnings ratio of 141.78, a PEG ratio of 2.61 and a beta of 1.71. 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 business has a fifty day simple moving average of $135.84 and a 200-day simple moving average of $118.38.

Insiders Place Their Bets

In other news, SVP Ambra R. Roth sold 1,366 shares of the firm’s 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 transaction, the senior vice president now owns 6,564 shares of the company’s stock, valued at approximately $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 link. Also, CEO Stephen G. Daly sold 7,122 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $112.53, for a total transaction of $801,438.66. Following the sale, the chief executive officer now directly owns 55,826 shares of the company’s stock, valued at approximately $6,282,099.78. This trade represents a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 227,212 shares of company stock worth $28,778,424 over the last three months. 16.30% of the stock is owned by insiders.

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.