MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 9.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,007 shares of the semiconductor company’s stock after selling 2,050 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in MACOM Technology Solutions were worth $2,115,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of MACOM Technology Solutions by 8.1% in the first quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock valued at $592,395,000 after purchasing an additional 465,759 shares during the period. Tidal Investments LLC grew its holdings in MACOM Technology Solutions by 175.1% in the 1st quarter. Tidal Investments LLC now owns 11,032 shares of the semiconductor company’s stock valued at $1,055,000 after buying an additional 7,022 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of MACOM Technology Solutions by 12.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company’s stock valued at $132,821,000 after acquiring an additional 154,066 shares during the last quarter. Thornburg Investment Management Inc. lifted its holdings in shares of MACOM Technology Solutions by 44.1% during the 1st quarter. Thornburg Investment Management Inc. now owns 94,819 shares of the semiconductor company’s stock worth $9,088,000 after acquiring an additional 29,004 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of MACOM Technology Solutions by 303.7% in the first quarter. Russell Investments Group Ltd. now owns 23,591 shares of the semiconductor company’s stock worth $2,256,000 after acquiring an additional 17,748 shares during the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Donghyun Thomas Hwang sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $118.38, for a total transaction of $177,570.00. Following the completion of the sale, the senior vice president now owns 37,102 shares of the company’s stock, valued at $4,392,134.76. This represents a 3.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen G. Daly sold 4,742 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $118.32, for a total value of $561,073.44. Following the completion of the transaction, the chief executive officer now owns 65,577 shares of the company’s stock, valued at approximately $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. Insiders have sold a total of 269,758 shares of company stock valued at $28,887,156 in the last quarter. Insiders own 22.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MTSI. Piper Sandler upped their price target on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Stifel Nicolaus lifted their target price on MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Needham & Company LLC upped their price target on MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. lifted their price objective on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Barclays increased their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.91.

MACOM Technology Solutions Price Performance

Shares of NASDAQ MTSI opened at $126.76 on Friday. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $79.25 and a fifty-two week high of $140.27. The business has a 50 day moving average price of $112.90 and a two-hundred day moving average price of $107.41. The firm has a market cap of $9.15 billion, a PE ratio of 123.07, a price-to-earnings-growth ratio of 2.47 and a beta of 1.69.

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.