Geode Capital Management LLC Has $113.04 Million Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Geode Capital Management LLC boosted its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,015,781 shares of the semiconductor company’s stock after buying an additional 46,812 shares during the quarter. Geode Capital Management LLC owned approximately 1.40% of MACOM Technology Solutions worth $113,044,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of MACOM Technology Solutions during the third quarter valued at $57,000. Allspring Global Investments Holdings LLC bought a new stake in MACOM Technology Solutions during the 3rd quarter worth about $66,000. GAMMA Investing LLC lifted its position in MACOM Technology Solutions by 75.4% during the 3rd quarter. GAMMA Investing LLC now owns 821 shares of the semiconductor company’s stock valued at $91,000 after purchasing an additional 353 shares during the period. Farther Finance Advisors LLC boosted 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 during the last quarter. Finally, Eastern Bank acquired a new stake in shares of MACOM Technology Solutions during the 3rd quarter worth approximately $136,000. 76.14% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Stephen G. Daly sold 4,742 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $118.32, for a total transaction of $561,073.44. Following the completion of the sale, the chief executive officer now owns 65,577 shares in the company, valued at approximately $7,759,070.64. This trade represents a 6.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Susan Ocampo sold 105,782 shares of MACOM Technology Solutions stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $123.67, for a total transaction of $13,082,059.94. Following the sale, the director now directly owns 5,914,008 shares of the company’s stock, valued at $731,385,369.36. The trade was a 1.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 224,962 shares of company stock valued at $28,485,722 over the last three months. Insiders own 22.75% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Piper Sandler raised their price objective 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 raised their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Northland Securities upped their price objective on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a report on Monday, November 11th. Finally, Benchmark raised their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $128.00.

MACOM Technology Solutions Trading Down 1.9 %

Shares of NASDAQ:MTSI opened at $138.18 on Wednesday. The company has a 50-day simple moving average of $125.93 and a 200 day simple moving average of $112.49. The company has a market capitalization of $10.00 billion, a P/E ratio of 134.16, a price-to-earnings-growth ratio of 2.42 and a beta of 1.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.55 and a current ratio of 8.35. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $79.25 and a 52-week high of $143.90.

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.