Fifth Third Wealth Advisors LLC Takes $216,000 Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Fifth Third Wealth Advisors LLC purchased a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,660 shares of the semiconductor company’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Citigroup Inc. grew its position in MACOM Technology Solutions by 46.2% during the third quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company’s stock worth $7,672,000 after buying an additional 21,786 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of MACOM Technology Solutions by 21.0% during the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock valued at $134,686,000 after acquiring an additional 210,151 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of MACOM Technology Solutions by 18.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock worth $82,945,000 after purchasing an additional 116,090 shares in the last quarter. Algert Global LLC raised its stake in shares of MACOM Technology Solutions by 103.6% in the third quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company’s stock valued at $1,315,000 after acquiring an additional 6,015 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in MACOM Technology Solutions by 958.1% in the second quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock worth $149,214,000 after purchasing an additional 1,212,094 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MTSI. Benchmark raised their price target 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. Barclays raised their target price 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. Piper Sandler upped 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, Northland Securities lifted their price target 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. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $128.00.

MACOM Technology Solutions Stock Up 1.8 %

MTSI stock opened at $145.41 on Friday. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $79.25 and a fifty-two week high of $145.95. 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 business has a 50-day moving average of $134.52 and a 200-day moving average of $117.47. The stock has a market capitalization of $10.53 billion, a P/E ratio of 141.18, a P/E/G ratio of 2.33 and a beta of 1.71.

Insider Buying and Selling

In related news, CEO Stephen G. Daly sold 7,122 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $112.53, for a total value of $801,438.66. Following the completion of the sale, the chief executive officer now directly owns 55,826 shares in the company, valued at approximately $6,282,099.78. This trade represents a 11.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO John Kober sold 2,671 shares of MACOM Technology Solutions stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $117.47, for a total value of $313,762.37. Following the transaction, the chief financial officer now owns 47,221 shares of the company’s stock, valued at $5,547,050.87. The trade was a 5.35 % decrease in their position. 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 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.