Assenagon Asset Management S.A. Grows Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Assenagon Asset Management S.A. grew its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 22.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,189 shares of the semiconductor company’s stock after acquiring an additional 18,055 shares during the quarter. Assenagon Asset Management S.A. owned about 0.14% of MACOM Technology Solutions worth $12,756,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. ORG Wealth Partners LLC acquired a new stake in MACOM Technology Solutions during the fourth quarter worth approximately $36,000. Quarry LP purchased a new stake in shares of MACOM Technology Solutions in the third quarter valued at $57,000. Allspring Global Investments Holdings LLC acquired a new position in MACOM Technology Solutions in the third quarter valued at $66,000. GAMMA Investing LLC lifted its position in MACOM Technology Solutions by 75.4% during the third quarter. GAMMA Investing LLC now owns 821 shares of the semiconductor company’s stock worth $91,000 after buying an additional 353 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of MACOM Technology Solutions by 303.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company’s stock worth $102,000 after acquiring an additional 692 shares during the period. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 4,742 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 65,577 shares of the company’s stock, valued at $7,759,070.64. The trade was a 6.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan Ocampo sold 25,351 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $130.05, for a total value of $3,296,897.55. Following the completion of the transaction, the director now directly owns 6,046,676 shares of the company’s stock, valued at approximately $786,370,213.80. The trade was a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 227,212 shares of company stock valued at $28,778,424 over the last ninety days. Corporate insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Price Performance

Shares of NASDAQ MTSI opened at $145.41 on Friday. The firm has a market cap of $10.53 billion, a PE ratio of 141.18, a price-to-earnings-growth ratio of 2.33 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 50 day moving average price of $134.52 and a two-hundred day moving average price of $117.47. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $79.25 and a fifty-two week high of $145.95.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Benchmark increased their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Barclays lifted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Northland Securities increased their price target on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a report on Monday, November 11th. Finally, Piper Sandler increased their target price on 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 analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, MACOM Technology Solutions 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.