MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC raised its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 17.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,675 shares of the semiconductor company’s stock after buying an additional 546 shares during the period. Park Avenue Securities LLC’s holdings in MACOM Technology Solutions were worth $477,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in MTSI. EP Wealth Advisors LLC lifted its stake in MACOM Technology Solutions by 4.3% during the second quarter. EP Wealth Advisors LLC now owns 2,602 shares of the semiconductor company’s stock worth $290,000 after purchasing an additional 107 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in MACOM Technology Solutions by 6.1% during the third quarter. Verdence Capital Advisors LLC now owns 2,371 shares of the semiconductor company’s stock worth $264,000 after acquiring an additional 137 shares during the period. Avior Wealth Management LLC lifted its holdings in MACOM Technology Solutions by 3.4% in the third quarter. Avior Wealth Management LLC now owns 4,802 shares of the semiconductor company’s stock worth $534,000 after acquiring an additional 157 shares during the last quarter. Chartwell Investment Partners LLC boosted its stake in MACOM Technology Solutions by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 25,014 shares of the semiconductor company’s stock valued at $2,783,000 after acquiring an additional 199 shares during the period. Finally, CWM LLC grew its holdings in shares of MACOM Technology Solutions by 16.4% during the third quarter. CWM LLC now owns 1,689 shares of the semiconductor company’s stock valued at $188,000 after purchasing an additional 238 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MACOM Technology Solutions

In other news, CEO Stephen G. Daly sold 4,742 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $118.32, for a total value of $561,073.44. Following the completion of the sale, the chief executive officer now owns 65,577 shares in the company, valued at $7,759,070.64. This represents a 6.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO John Kober sold 2,250 shares of MACOM Technology Solutions stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $130.09, for a total value of $292,702.50. Following the transaction, the chief financial officer now directly owns 49,239 shares in the company, valued at approximately $6,405,501.51. The trade was a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 227,212 shares of company stock valued at $28,778,424. 16.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MTSI. Northland Securities raised their price target on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a report on Monday, November 11th. Barclays raised their target price 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 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. Finally, Benchmark boosted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $128.00.

MACOM Technology Solutions Trading Down 0.9 %

MACOM Technology Solutions stock opened at $146.03 on Friday. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $79.25 and a 12-month high of $152.50. The stock has a market capitalization of $10.86 billion, a PE ratio of 141.78, a price-to-earnings-growth ratio of 2.61 and a beta of 1.71. The firm has a 50 day simple moving average of $135.84 and a 200-day simple moving average of $118.38. 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 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.