MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Holdings Raised by Concentric Capital Strategies LP

Concentric Capital Strategies LP raised its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 96.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 102,216 shares of the semiconductor company’s stock after buying an additional 50,272 shares during the quarter. Concentric Capital Strategies LP’s holdings in MACOM Technology Solutions were worth $11,373,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of MTSI. Opal Wealth Advisors LLC acquired a new position in shares of MACOM Technology Solutions in the second quarter worth $39,000. GAMMA Investing LLC raised its position in 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 purchasing an additional 283 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of MACOM Technology Solutions in the 3rd quarter valued at $66,000. FSC Wealth Advisors LLC bought a new stake in MACOM Technology Solutions during the 2nd quarter worth approximately $78,000. Finally, Farther Finance Advisors LLC lifted 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 worth $102,000 after purchasing an additional 692 shares in the last quarter. Institutional investors own 76.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Northland Securities raised their price objective on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. Benchmark increased their price target 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. Barclays lifted their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Finally, Piper Sandler lifted their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.91.

Insider Activity

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $118.38, for a total value of $177,570.00. Following the completion of the transaction, the senior vice president now owns 37,102 shares of the company’s stock, valued at $4,392,134.76. This trade represents a 3.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Susan Ocampo sold 105,782 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 5,914,008 shares in the company, valued at $731,385,369.36. This represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 234,886 shares of company stock valued at $29,454,289. 22.75% of the stock is currently owned by corporate insiders.

MACOM Technology Solutions Stock Up 0.9 %

MACOM Technology Solutions stock opened at $132.82 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.55 and a current ratio of 8.35. The firm has a 50 day moving average price of $119.42 and a 200 day moving average price of $109.61. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $79.25 and a fifty-two week high of $140.27. The company has a market capitalization of $9.62 billion, a PE ratio of 128.95, a price-to-earnings-growth ratio of 2.33 and a beta of 1.69.

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.