Silverberg Bernstein Capital Management LLC Trims Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Silverberg Bernstein Capital Management LLC lowered its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,663 shares of the semiconductor company’s stock after selling 3,640 shares during the period. MACOM Technology Solutions comprises about 8.5% of Silverberg Bernstein Capital Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Silverberg Bernstein Capital Management LLC’s holdings in MACOM Technology Solutions were worth $9,699,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. grew its stake in shares of MACOM Technology Solutions by 15.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 11,047 shares of the semiconductor company’s stock worth $1,231,000 after purchasing an additional 1,485 shares in the last quarter. Envestnet Asset Management Inc. grew its position in MACOM Technology Solutions by 4.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 92,066 shares of the semiconductor company’s stock valued at $10,263,000 after buying an additional 3,626 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in MACOM Technology Solutions by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 993,316 shares of the semiconductor company’s stock valued at $110,722,000 after buying an additional 69,689 shares during the period. Edgestream Partners L.P. bought a new stake in shares of MACOM Technology Solutions during the 2nd quarter worth about $2,504,000. Finally, Virtu Financial LLC acquired a new stake in shares of MACOM Technology Solutions in the 2nd quarter worth approximately $1,031,000. 76.14% of the stock is currently owned by institutional investors.

MACOM Technology Solutions Stock Up 1.3 %

NASDAQ:MTSI opened at $138.00 on Wednesday. The business’s fifty day moving average price is $133.92 and its 200 day moving average price is $116.84. The company has a current ratio of 8.35, a quick ratio of 6.55 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $9.99 billion, a price-to-earnings ratio of 133.98, a PEG ratio of 2.43 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $79.25 and a 1-year high of $143.90.

Insider Buying and Selling at MACOM Technology Solutions

In related news, CEO Stephen G. Daly sold 4,742 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $118.32, for a total transaction of $561,073.44. Following the transaction, the chief executive officer now owns 65,577 shares of the company’s stock, valued at approximately $7,759,070.64. This trade represents a 6.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Donghyun Thomas Hwang sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $118.38, for a total transaction of $177,570.00. Following the completion of the sale, the senior vice president now directly owns 37,102 shares of the company’s stock, valued at $4,392,134.76. This represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 227,212 shares of company stock worth $28,778,424. 22.75% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. 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 lifted their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Northland Securities upped their price target on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a report on Monday, November 11th. Finally, Barclays lifted their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Three equities 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.00.

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.