Segall Bryant & Hamill LLC Lowers Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Segall Bryant & Hamill LLC reduced its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,167 shares of the semiconductor company’s stock after selling 4,218 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.14% of MACOM Technology Solutions worth $11,478,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Opal Wealth Advisors LLC purchased a new stake in MACOM Technology Solutions during the 2nd quarter valued at about $39,000. GAMMA Investing LLC lifted its stake in shares of MACOM Technology Solutions by 153.0% in the second quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock worth $52,000 after buying an additional 283 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of MACOM Technology Solutions during the third quarter valued at approximately $66,000. FSC Wealth Advisors LLC bought a new stake in shares of MACOM Technology Solutions during the second quarter valued at approximately $78,000. Finally, Farther Finance Advisors LLC increased its position in shares of 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 in the last quarter. 76.14% of the stock is currently owned by institutional investors.

MACOM Technology Solutions Stock Up 1.8 %

Shares of MTSI stock opened at $127.56 on Thursday. The company has a current ratio of 8.35, a quick ratio of 6.55 and a debt-to-equity ratio of 0.43. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $79.25 and a 12 month high of $140.27. The stock has a market cap of $9.24 billion, a P/E ratio of 123.84, a P/E/G ratio of 2.16 and a beta of 1.69. The company has a 50 day simple moving average of $115.07 and a two-hundred day simple moving average of $108.11.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 105,782 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $123.67, for a total value of $13,082,059.94. Following the completion of the sale, the director now owns 5,914,008 shares in the company, valued at $731,385,369.36. This represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Stephen G. Daly sold 21,012 shares of MACOM Technology Solutions stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $109.40, for a total value of $2,298,712.80. Following the transaction, the chief executive officer now directly owns 64,472 shares in the company, valued at approximately $7,053,236.80. The trade was a 24.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 302,269 shares of company stock worth $34,810,966 in the last three months. Corporate insiders own 22.75% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on MTSI shares. Benchmark increased their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. increased their price objective on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Barclays lifted their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Northland Securities upped their target price on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. Finally, Needham & Company LLC lifted their price target on shares of 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 company. According to data from MarketBeat, the stock presently 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.