Pacer Advisors Inc. Has $1.68 Million Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Pacer Advisors Inc. cut its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 13.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,944 shares of the semiconductor company’s stock after selling 1,937 shares during the period. Pacer Advisors Inc.’s holdings in MACOM Technology Solutions were worth $1,682,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MTSI. UMB Bank n.a. grew its stake in shares of MACOM Technology Solutions by 74.3% in the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 101 shares during the period. ORG Wealth Partners LLC acquired a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at about $36,000. Quarry LP acquired a new stake in shares of MACOM Technology Solutions in the 3rd quarter valued at about $57,000. Blue Trust Inc. grew its stake in shares of MACOM Technology Solutions by 122.2% in the 4th quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 264 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of MACOM Technology Solutions in the 3rd quarter valued at about $66,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

MACOM Technology Solutions Price Performance

MACOM Technology Solutions stock opened at $132.25 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’s 50 day moving average price is $136.15 and its two-hundred day moving average price is $119.02. 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 stock has a market cap of $9.83 billion, a P/E ratio of 128.40, a P/E/G ratio of 2.22 and a beta of 1.71.

Insiders Place Their Bets

In related news, SVP Donghyun Thomas Hwang sold 1,500 shares of MACOM Technology Solutions stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $118.38, for a total value of $177,570.00. Following the sale, the senior vice president now owns 37,102 shares of the company’s stock, valued at approximately $4,392,134.76. The trade was a 3.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Ambra R. Roth sold 1,366 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $139.07, for a total transaction of $189,969.62. Following the completion of the sale, the senior vice president now directly owns 6,564 shares in the company, valued at $912,855.48. This trade represents a 17.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 220,032 shares of company stock valued at $28,080,365 in the last 90 days. 16.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MTSI. Northland Securities raised their target price on 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. Benchmark lifted their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Piper Sandler lifted their price target 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. Finally, Barclays lifted their price target on 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 equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $128.00.

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.