Quantbot Technologies LP Makes New $1.89 Million Investment in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Quantbot Technologies LP purchased a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,998 shares of the semiconductor company’s stock, valued at approximately $1,891,000.

Other hedge funds have also made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in MACOM Technology Solutions during the second quarter worth approximately $39,000. GAMMA Investing LLC increased its holdings in shares of MACOM Technology Solutions by 153.0% during the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock worth $52,000 after buying an additional 283 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of MACOM Technology Solutions in the 3rd quarter worth $66,000. FSC Wealth Advisors LLC acquired a new position in MACOM Technology Solutions in the second quarter valued at $78,000. Finally, Farther Finance Advisors LLC grew its position in MACOM Technology Solutions by 303.5% during the third quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company’s stock valued at $102,000 after acquiring an additional 692 shares during the period. Institutional investors and hedge funds own 76.14% of the company’s stock.

Wall Street Analysts Forecast Growth

MTSI has been the topic of several research analyst reports. Barclays lifted their price objective 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. JPMorgan Chase & Co. lifted their price target on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Piper Sandler increased their price objective 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. Benchmark lifted their target price 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. Finally, Northland Securities increased their price target on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, MACOM Technology Solutions has an average rating of “Moderate Buy” and an average price target of $125.91.

MACOM Technology Solutions Stock Performance

NASDAQ:MTSI opened at $132.82 on Friday. The firm has a 50-day moving average of $118.84 and a two-hundred day moving average of $109.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55. The stock has a market cap of $9.62 billion, a P/E ratio of 128.95, a PEG ratio of 2.31 and a beta of 1.69. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $79.25 and a 1-year high of $140.27.

Insider Buying and Selling

In other news, Director Susan Ocampo sold 12,438 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.73, for a total value of $1,700,647.74. Following the sale, the director now owns 6,500,755 shares in the company, valued at approximately $888,848,231.15. This represents a 0.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 4,375 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were 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 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 234,886 shares of company stock worth $29,454,289. 22.75% of the stock is currently owned by corporate insiders.

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.