EP Wealth Advisors LLC Grows Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

EP Wealth Advisors LLC raised its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 4.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,712 shares of the semiconductor company’s stock after buying an additional 110 shares during the quarter. EP Wealth Advisors LLC’s holdings in MACOM Technology Solutions were worth $302,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MTSI. Quarry LP bought a new position in shares of MACOM Technology Solutions in the 3rd quarter valued at about $57,000. Allspring Global Investments Holdings LLC purchased a new stake in MACOM Technology Solutions during the third quarter valued at approximately $66,000. GAMMA Investing LLC lifted its stake in shares of MACOM Technology Solutions by 75.4% in the 3rd quarter. GAMMA Investing LLC now owns 821 shares of the semiconductor company’s stock valued at $91,000 after purchasing an additional 353 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of MACOM Technology Solutions by 303.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company’s stock worth $102,000 after purchasing an additional 692 shares during the period. Finally, Eastern Bank bought a new position in shares of MACOM Technology Solutions during the 3rd quarter valued at approximately $136,000. 76.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays raised their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Benchmark raised their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a report 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 company a “neutral” rating in a report on Friday, October 25th. Finally, Northland Securities increased their price objective on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th. Three investment 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 company presently has an average rating of “Moderate Buy” and a consensus price target of $125.91.

Insiders Place Their Bets

In other news, SVP Ambra R. Roth sold 1,366 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $139.07, for a total value of $189,969.62. Following the completion of the sale, the senior vice president now owns 6,564 shares of the company’s stock, valued at approximately $912,855.48. This represents a 17.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Robert Dennehy sold 6,915 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $101.38, for a total value of $701,042.70. Following the sale, the senior vice president now owns 19,481 shares of the company’s stock, valued at approximately $1,974,983.78. This represents a 26.20 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 231,877 shares of company stock worth $29,186,765. 22.75% of the stock is currently owned by company insiders.

MACOM Technology Solutions Stock Up 1.9 %

Shares of NASDAQ:MTSI opened at $139.04 on Friday. The business’s 50 day moving average is $125.31 and its 200 day moving average is $112.09. The stock has a market cap of $10.07 billion, a P/E ratio of 134.99, a price-to-earnings-growth ratio of 2.42 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $79.25 and a 52-week high of $143.90. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43.

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.