GAMMA Investing LLC Acquires 349 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

GAMMA Investing LLC lifted its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 42.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,170 shares of the semiconductor company’s stock after purchasing an additional 349 shares during the period. GAMMA Investing LLC’s holdings in MACOM Technology Solutions were worth $152,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Millennium Management LLC raised its stake in MACOM Technology Solutions by 958.1% during the second quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock worth $149,214,000 after buying an additional 1,212,094 shares during the last quarter. Hood River Capital Management LLC raised its position in shares of MACOM Technology Solutions by 280.5% in the 2nd quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock worth $78,568,000 after acquiring an additional 519,603 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in shares of MACOM Technology Solutions by 21.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock valued at $134,686,000 after purchasing an additional 210,151 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of MACOM Technology Solutions by 52.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company’s stock valued at $59,037,000 after purchasing an additional 182,058 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in MACOM Technology Solutions by 18.4% during the third 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 during the period. Institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Trading Up 0.1 %

NASDAQ:MTSI opened at $135.55 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55. MACOM Technology Solutions Holdings, Inc. has a one year low of $79.25 and a one year high of $143.90. The company has a market cap of $9.81 billion, a PE ratio of 131.60, a PEG ratio of 2.43 and a beta of 1.71. The firm has a 50-day moving average of $132.79 and a 200-day moving average of $116.20.

Insider Buying and Selling at MACOM Technology Solutions

In related news, CFO John Kober sold 2,250 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total transaction of $292,702.50. Following the transaction, the chief financial officer now directly owns 49,239 shares of the company’s stock, valued at $6,405,501.51. This trade represents a 4.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Ambra R. Roth sold 1,366 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $139.07, for a total transaction of $189,969.62. Following the transaction, the senior vice president now owns 6,564 shares in the company, valued at approximately $912,855.48. This trade represents a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 227,212 shares of company stock worth $28,778,424. Insiders own 22.75% of the company’s stock.

Analyst Upgrades and Downgrades

MTSI has been the topic of several recent analyst reports. Barclays boosted 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. Piper Sandler increased their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Northland Securities raised 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 report on Monday, November 11th. Finally, Benchmark upped their price objective 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. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus 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.