Harbor Capital Advisors Inc. Has $500,000 Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Harbor Capital Advisors Inc. cut its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 37.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,845 shares of the semiconductor company’s stock after selling 2,342 shares during the period. Harbor Capital Advisors Inc.’s holdings in MACOM Technology Solutions were worth $500,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MTSI. ORG Wealth Partners LLC bought a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at $36,000. Quarry LP bought a new stake in MACOM Technology Solutions during the third quarter valued at $57,000. Allspring Global Investments Holdings LLC acquired a new stake in MACOM Technology Solutions during the 3rd quarter worth about $66,000. GAMMA Investing LLC raised its position in shares of MACOM Technology Solutions by 75.4% in the 3rd quarter. GAMMA Investing LLC now owns 821 shares of the semiconductor company’s stock worth $91,000 after acquiring an additional 353 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of MACOM Technology Solutions by 303.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company’s stock valued at $102,000 after purchasing an additional 692 shares during the period. Institutional investors and hedge funds own 76.14% of the company’s stock.

MACOM Technology Solutions Trading Up 4.3 %

MTSI opened at $136.21 on Wednesday. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $79.25 and a fifty-two week high of $143.90. The firm has a market capitalization of $9.86 billion, a PE ratio of 132.24, a P/E/G ratio of 2.43 and a beta of 1.71. 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 moving average is $133.53 and its 200 day moving average is $116.66.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Benchmark raised their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Northland Securities lifted 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 research note on Monday, November 11th. 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 note on Friday, October 25th. Finally, Barclays lifted 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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $128.00.

Insider Buying and Selling

In other news, SVP Ambra R. Roth sold 1,366 shares of the company’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 completion of the sale, the senior vice president now owns 6,564 shares in the company, valued at $912,855.48. This represents a 17.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Stephen G. Daly sold 4,742 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $118.32, for a total transaction of $561,073.44. Following the transaction, the chief executive officer now directly owns 65,577 shares in the company, valued at $7,759,070.64. The trade was a 6.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 227,212 shares of company stock worth $28,778,424. 22.75% of the stock is owned by corporate insiders.

MACOM Technology Solutions Company 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.