Loomis Sayles & Co. L P Has $71.94 Million Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Loomis Sayles & Co. L P cut its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 17.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 646,546 shares of the semiconductor company’s stock after selling 132,132 shares during the quarter. Loomis Sayles & Co. L P’s holdings in MACOM Technology Solutions were worth $71,935,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MTSI. Millennium Management LLC lifted its position in shares of MACOM Technology Solutions by 958.1% in the second quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock worth $149,214,000 after purchasing an additional 1,212,094 shares in the last quarter. Hood River Capital Management LLC lifted its position in MACOM Technology Solutions by 280.5% in the 2nd quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock worth $78,568,000 after buying an additional 519,603 shares in the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of MACOM Technology Solutions by 21.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock valued at $134,686,000 after buying an additional 210,151 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of MACOM Technology Solutions by 52.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company’s stock valued at $59,037,000 after buying an additional 182,058 shares during the period. Finally, F M Investments LLC purchased a new position in shares of MACOM Technology Solutions during the 2nd quarter valued at $18,817,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Piper Sandler lifted their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Needham & Company LLC lifted their price target on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. increased their price objective on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Barclays lifted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Northland Securities boosted their target price 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 research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $125.91.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI opened at $134.50 on Monday. The business’s 50 day moving average is $116.33 and its 200-day moving average is $108.57. 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 $9.74 billion, a PE ratio of 130.58, a PEG ratio of 2.36 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 Activity

In related news, SVP Donghyun Thomas Hwang sold 1,500 shares of the stock in a transaction dated Wednesday, November 6th. The shares were 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 owns 37,102 shares in the company, valued at $4,392,134.76. This trade represents a 3.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Susan Ocampo sold 70,000 shares of MACOM Technology Solutions stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $106.26, for a total transaction of $7,438,200.00. Following the transaction, the director now directly owns 6,826,685 shares of the company’s stock, valued at $725,403,548.10. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 273,268 shares of company stock worth $32,128,941. Corporate insiders own 22.75% of the company’s stock.

About MACOM Technology Solutions

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.