EP Wealth Advisors LLC Buys 110 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

EP Wealth Advisors LLC raised its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 4.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,712 shares of the semiconductor company’s stock after buying an additional 110 shares during the period. EP Wealth Advisors LLC’s holdings in MACOM Technology Solutions were worth $302,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MTSI. Millennium Management LLC increased its position in MACOM Technology Solutions by 958.1% during the second quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock valued at $149,214,000 after acquiring an additional 1,212,094 shares during the last quarter. Westfield Capital Management Co. LP grew 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 purchasing an additional 210,151 shares during the period. Dimensional Fund Advisors LP increased its position in shares of 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 purchasing an additional 69,689 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of MACOM Technology Solutions by 18.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock worth $82,945,000 after purchasing an additional 116,090 shares during the period. Finally, Hood River Capital Management LLC boosted its holdings in shares of MACOM Technology Solutions by 280.5% in the second 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 during the last quarter. 76.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Benchmark upped 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. Piper Sandler upped 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. Barclays lifted their target price on 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, Northland Securities upped their price target on 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 equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, MACOM Technology Solutions has a consensus rating of “Moderate Buy” and an average price target of $125.91.

MACOM Technology Solutions Stock Up 1.9 %

Shares of MTSI opened at $139.04 on Friday. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $79.25 and a 12-month high of $143.90. 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 company has a market capitalization of $10.07 billion, a PE ratio of 134.99, a price-to-earnings-growth ratio of 2.42 and a beta of 1.71. The business’s 50 day moving average is $125.31 and its 200 day moving average is $112.09.

Insider Activity

In other MACOM Technology Solutions news, SVP Ambra R. Roth sold 1,366 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $139.07, for a total transaction of $189,969.62. Following the completion of the transaction, the senior vice president now owns 6,564 shares of the company’s stock, valued at $912,855.48. This represents a 17.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan Ocampo sold 105,782 shares of MACOM Technology Solutions 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 directly owns 5,914,008 shares in the company, valued at $731,385,369.36. This trade represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 231,877 shares of company stock worth $29,186,765 over the last quarter. 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.