Parametrica Management Ltd Purchases New Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Parametrica Management Ltd purchased a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,587 shares of the semiconductor company’s stock, valued at approximately $399,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MTSI. Opal Wealth Advisors LLC purchased a new position in shares of MACOM Technology Solutions in the 2nd quarter valued at about $39,000. GAMMA Investing LLC increased its stake in shares of MACOM Technology Solutions by 153.0% in the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock valued at $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 3rd quarter valued at about $66,000. FSC Wealth Advisors LLC purchased a new position in shares of MACOM Technology Solutions in the 2nd quarter valued at about $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 in the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Trading Down 1.2 %

MTSI traded down $1.61 during trading hours on Wednesday, reaching $130.25. The company’s stock had a trading volume of 31,630 shares, compared to its average volume of 568,621. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $79.25 and a fifty-two week high of $140.27. The stock has a market cap of $9.40 billion, a PE ratio of 128.02, a P/E/G ratio of 2.52 and a beta of 1.69. The business’s 50-day moving average is $111.77 and its 200-day moving average is $107.13. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55.

Insider Activity at MACOM Technology Solutions

In related news, SVP Robert Dennehy sold 6,683 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $106.78, for a total value of $713,610.74. Following the transaction, the senior vice president now directly owns 26,396 shares in the company, valued at approximately $2,818,564.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other MACOM Technology Solutions news, SVP Robert Dennehy sold 6,683 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $106.78, for a total transaction of $713,610.74. Following the transaction, the senior vice president now directly owns 26,396 shares in the company, valued at $2,818,564.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Donghyun Thomas Hwang sold 1,500 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $118.38, for a total value of $177,570.00. Following the transaction, the senior vice president now owns 37,102 shares in the company, valued at $4,392,134.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 575,153 shares of company stock worth $61,405,615. Insiders own 22.75% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on MTSI. Stifel Nicolaus boosted their price objective on MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Piper Sandler boosted their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. 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 note on Friday, November 8th. JPMorgan Chase & Co. boosted their price objective 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. Finally, Needham & Company LLC boosted their price objective 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. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.91.

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.