Versor Investments LP Boosts Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Versor Investments LP raised its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 225.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,760 shares of the semiconductor company’s stock after buying an additional 6,068 shares during the quarter. Versor Investments LP’s holdings in MACOM Technology Solutions were worth $975,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in shares of MACOM Technology Solutions in 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 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 283 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of MACOM Technology Solutions in the 3rd quarter valued at about $66,000. FSC Wealth Advisors LLC acquired a new position in shares of MACOM Technology Solutions in the 2nd quarter valued at about $78,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of MACOM Technology Solutions by 303.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company’s stock valued at $102,000 after purchasing an additional 692 shares in the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Insider Activity

In other news, SVP Donghyun Thomas Hwang sold 4,375 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 37,148 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Donghyun Thomas Hwang sold 4,375 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 37,148 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan Ocampo sold 305,395 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $106.48, for a total value of $32,518,459.60. Following the completion of the sale, the director now owns 6,550,889 shares of the company’s stock, valued at $697,538,660.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 575,153 shares of company stock worth $61,405,615. 22.75% of the stock is currently owned by insiders.

MACOM Technology Solutions Stock Performance

Shares of MTSI opened at $134.49 on Tuesday. The business’s 50 day moving average is $111.09 and its two-hundred day moving average is $106.91. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $75.15 and a 52-week high of $140.27. The firm has a market cap of $9.71 billion, a price-to-earnings ratio of 130.57, a PEG ratio of 5.25 and a beta of 1.69. The company has a quick ratio of 6.33, a current ratio of 8.35 and a debt-to-equity ratio of 0.43.

Analyst Ratings Changes

MTSI has been the topic of several research analyst reports. Benchmark lifted their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Friday. Northland Securities lifted their price objective on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research note on Monday. Piper Sandler boosted their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Needham & Company LLC boosted their price target on MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their price target on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.91.

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.