MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stake Lifted by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. increased its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 6.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,800 shares of the semiconductor company’s stock after purchasing an additional 11,800 shares during the period. Polar Asset Management Partners Inc. owned 0.26% of MACOM Technology Solutions worth $20,561,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MTSI. Polymer Capital Management HK LTD bought a new position in shares of MACOM Technology Solutions during the 3rd quarter valued at about $1,669,000. Cinctive Capital Management LP lifted its stake in MACOM Technology Solutions by 744.5% during the third quarter. Cinctive Capital Management LP now owns 88,608 shares of the semiconductor company’s stock valued at $9,859,000 after purchasing an additional 78,116 shares during the last quarter. Clearline Capital LP bought a new stake in MACOM Technology Solutions during the third quarter worth approximately $2,640,000. Concentric Capital Strategies LP grew its position in MACOM Technology Solutions by 96.8% in the third quarter. Concentric Capital Strategies LP now owns 102,216 shares of the semiconductor company’s stock worth $11,373,000 after buying an additional 50,272 shares during the last quarter. Finally, Point72 Hong Kong Ltd increased its holdings in shares of MACOM Technology Solutions by 10.7% in the third quarter. Point72 Hong Kong Ltd now owns 164,097 shares of the semiconductor company’s stock valued at $18,257,000 after buying an additional 15,805 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 4,742 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $118.32, for a total transaction of $561,073.44. Following the transaction, the chief executive officer now owns 65,577 shares in the company, valued at $7,759,070.64. This trade represents a 6.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO John Kober sold 2,671 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $117.47, for a total transaction of $313,762.37. Following the sale, the chief financial officer now directly owns 47,221 shares of the company’s stock, valued at approximately $5,547,050.87. This represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 230,511 shares of company stock valued at $28,996,795. 22.75% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MTSI shares. Northland Securities lifted their target price on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a report on Monday, November 11th. Barclays lifted their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Benchmark upped their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Piper Sandler lifted their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.91.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock opened at $141.03 on Wednesday. The firm has a market cap of $10.21 billion, a P/E ratio of 136.92, a PEG ratio of 2.40 and a beta of 1.71. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $79.25 and a fifty-two week high of $142.44. The stock’s 50-day moving average is $120.71 and its two-hundred day moving average is $110.19.

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.