MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by Hilton Capital Management LLC

Hilton Capital Management LLC cut its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 12.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,311 shares of the semiconductor company’s stock after selling 2,363 shares during the quarter. Hilton Capital Management LLC’s holdings in MACOM Technology Solutions were worth $1,926,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in MACOM Technology Solutions by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock valued at $592,395,000 after purchasing an additional 465,759 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings 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 worth $132,821,000 after acquiring an additional 154,066 shares in the last quarter. Millennium Management LLC grew its holdings 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 worth $149,214,000 after acquiring an additional 1,212,094 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in 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 worth $110,722,000 after acquiring an additional 69,689 shares in the last quarter. Finally, Hood River Capital Management LLC boosted its holdings in shares of MACOM Technology Solutions by 280.5% in 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 buying an additional 519,603 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

MACOM Technology Solutions Stock Up 1.7 %

Shares of MACOM Technology Solutions stock opened at $125.28 on Wednesday. The firm has a fifty day moving average of $114.54 and a two-hundred day moving average of $107.97. 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 company has a market cap of $9.07 billion, a P/E ratio of 121.63, a PEG ratio of 2.16 and a beta of 1.69. MACOM Technology Solutions Holdings, Inc. has a one year low of $79.25 and a one year high of $140.27.

Insider Activity

In other news, CEO Stephen G. Daly sold 21,012 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $109.40, for a total value of $2,298,712.80. Following the completion of the transaction, the chief executive officer now owns 64,472 shares in the company, valued at $7,053,236.80. This trade represents a 24.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan Ocampo sold 51,010 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $107.02, for a total transaction of $5,459,090.20. Following the completion of the transaction, the director now owns 6,194,746 shares of the company’s stock, valued at $662,961,716.92. This represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 300,480 shares of company stock worth $34,587,341 in the last 90 days. 22.75% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MTSI. Northland Securities upped their target price on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a report on Monday, November 11th. Piper Sandler increased their price target on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Needham & Company LLC increased their price target on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Benchmark increased their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. increased their price target on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, MACOM Technology Solutions currently has an average rating of “Moderate Buy” and a consensus target price 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.