Asset Management One Co. Ltd. Cuts Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Asset Management One Co. Ltd. trimmed its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 8.6% during the third quarter, Holdings Channel reports. The firm owned 2,480 shares of the semiconductor company’s stock after selling 233 shares during the quarter. Asset Management One Co. Ltd.’s holdings in MACOM Technology Solutions were worth $276,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Opal Wealth Advisors LLC acquired a new position in MACOM Technology Solutions during the 2nd quarter worth about $39,000. GAMMA Investing LLC lifted its position in shares of MACOM Technology Solutions by 153.0% during the second quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 283 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of MACOM Technology Solutions in the third quarter valued at approximately $66,000. FSC Wealth Advisors LLC acquired a new position in shares of MACOM Technology Solutions in the second quarter valued at approximately $78,000. Finally, Farther Finance Advisors LLC increased its stake in 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 buying an additional 692 shares during the period. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

MACOM Technology Solutions Stock Down 0.9 %

Shares of NASDAQ:MTSI opened at $137.86 on Monday. The company has a current ratio of 8.35, a quick ratio of 6.33 and a debt-to-equity ratio of 0.43. The firm has a 50 day simple moving average of $110.59 and a 200-day simple moving average of $106.67. The company has a market capitalization of $9.95 billion, a PE ratio of 133.85, a P/E/G ratio of 5.25 and a beta of 1.69. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $72.15 and a twelve month high of $140.27.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 4,375 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $104.57, for a total transaction of $457,493.75. Following the transaction, the senior vice president now owns 37,148 shares of the company’s stock, valued at approximately $3,884,566.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Donghyun Thomas Hwang sold 4,375 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $104.57, for a total value of $457,493.75. Following the completion of the sale, the senior vice president now directly owns 37,148 shares of the company’s stock, valued at approximately $3,884,566.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Robert Dennehy sold 6,683 shares of MACOM Technology Solutions stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $106.78, for a total transaction of $713,610.74. Following the completion of the transaction, the senior vice president now directly owns 26,396 shares in the company, valued at $2,818,564.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 670,896 shares of company stock valued at $71,284,378 over the last ninety days. Insiders own 22.75% of the company’s stock.

Analyst Upgrades and Downgrades

MTSI has been the subject of several research reports. Stifel Nicolaus boosted their price target on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. JPMorgan Chase & Co. boosted their target price on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Barclays increased their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday. Benchmark boosted their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Piper Sandler raised their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Two research 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, the company has an average rating of “Moderate Buy” and an average target price of $128.00.

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.