MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock Position Raised by Covea Finance

Covea Finance boosted its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 8.0% during the 4th quarter, HoldingsChannel reports. The firm owned 27,000 shares of the semiconductor company’s stock after buying an additional 2,000 shares during the quarter. Covea Finance’s holdings in MACOM Technology Solutions were worth $3,508,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MTSI. Citigroup Inc. boosted its position in shares of MACOM Technology Solutions by 46.2% in the third quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company’s stock worth $7,672,000 after buying an additional 21,786 shares during the period. Westfield Capital Management Co. LP lifted its stake in MACOM Technology Solutions by 21.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after acquiring an additional 210,151 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in MACOM Technology Solutions by 18.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock worth $82,945,000 after acquiring an additional 116,090 shares during the period. Algert Global LLC grew its stake in MACOM Technology Solutions by 103.6% during the 3rd quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company’s stock valued at $1,315,000 after acquiring an additional 6,015 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of MACOM Technology Solutions by 958.1% in the 2nd quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock valued at $149,214,000 after purchasing an additional 1,212,094 shares during the period. 76.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MTSI has been the subject of several research reports. Benchmark raised their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Piper Sandler lifted their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Barclays boosted their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, Northland Securities boosted their target price on 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. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, MACOM Technology Solutions presently has an average rating of “Moderate Buy” and an average target price of $128.00.

Insider Buying and Selling

In related news, SVP Ambra R. Roth sold 1,366 shares of MACOM Technology Solutions stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $139.07, for a total transaction of $189,969.62. Following the sale, the senior vice president now directly owns 6,564 shares of the company’s stock, valued at $912,855.48. This trade represents a 17.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 1,500 shares of the company’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 directly owns 37,102 shares of the company’s stock, valued at approximately $4,392,134.76. This trade represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 227,212 shares of company stock valued at $28,778,424. Insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Price Performance

NASDAQ MTSI opened at $136.21 on Wednesday. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $79.25 and a 1 year high of $143.90. The company has a fifty day simple moving average of $133.92 and a 200 day simple moving average of $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 company has a market cap of $9.86 billion, a P/E ratio of 132.24, a P/E/G ratio of 2.43 and a beta of 1.71.

MACOM Technology Solutions 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.