3,587 Shares in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Acquired by Parametrica Management Ltd

Parametrica Management Ltd bought a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,587 shares of the semiconductor company’s stock, valued at approximately $399,000.

Several other hedge funds and other institutional investors have also bought and sold shares of MTSI. Millennium Management LLC boosted its position in MACOM Technology Solutions by 958.1% during the 2nd 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 in the last quarter. Hood River Capital Management LLC boosted its position in MACOM Technology Solutions by 280.5% during the 2nd quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock valued at $78,568,000 after acquiring an additional 519,603 shares in the last quarter. Vanguard Group Inc. boosted its position in MACOM Technology Solutions by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock valued at $592,395,000 after acquiring an additional 465,759 shares in the last quarter. F M Investments LLC bought a new stake in MACOM Technology Solutions during the 2nd quarter valued at $18,817,000. Finally, Price T Rowe Associates Inc. MD boosted its position in MACOM Technology Solutions by 12.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company’s stock valued at $132,821,000 after acquiring an additional 154,066 shares in the last quarter. Institutional investors own 76.14% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on MTSI shares. Stifel Nicolaus increased their target price on MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Barclays increased their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a report 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 report on Friday, August 2nd. Benchmark increased their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Needham & Company LLC increased their price objective on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.91.

MACOM Technology Solutions Stock Performance

MTSI traded down $1.61 on Wednesday, reaching $130.25. 31,630 shares of the stock were exchanged, compared to its average volume of 568,621. The company’s 50-day moving average price is $111.77 and its 200 day moving average price is $107.13. 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 debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55. The firm has a market capitalization of $9.40 billion, a PE ratio of 128.02, a PEG ratio of 2.52 and a beta of 1.69.

Insiders Place Their Bets

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 4,375 shares of MACOM Technology Solutions stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $104.57, for a total transaction of $457,493.75. Following the completion of the sale, the senior vice president now owns 37,148 shares of the company’s stock, valued at approximately $3,884,566.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP Donghyun Thomas Hwang sold 4,375 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $104.57, for a total value of $457,493.75. Following the completion of the transaction, the senior vice president now owns 37,148 shares of the company’s stock, valued at $3,884,566.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Stephen G. Daly sold 4,742 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $118.32, for a total value of $561,073.44. Following the completion of the transaction, the chief executive officer now directly owns 65,577 shares of the company’s stock, valued at approximately $7,759,070.64. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 575,153 shares of company stock valued at $61,405,615. 22.75% of the stock is owned by company insiders.

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.