Teachers Retirement System of The State of Kentucky Reduces Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Teachers Retirement System of The State of Kentucky cut its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 3.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,254 shares of the semiconductor company’s stock after selling 480 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in MACOM Technology Solutions were worth $1,697,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of MACOM Technology Solutions during the third quarter worth about $57,000. Allspring Global Investments Holdings LLC acquired a new stake in MACOM Technology Solutions during the 3rd quarter valued at approximately $66,000. GAMMA Investing LLC boosted its holdings in shares of MACOM Technology Solutions by 75.4% in the 3rd quarter. GAMMA Investing LLC now owns 821 shares of the semiconductor company’s stock valued at $91,000 after acquiring an additional 353 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of MACOM Technology Solutions by 303.5% in the third quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company’s stock worth $102,000 after acquiring an additional 692 shares during the period. Finally, Eastern Bank purchased a new position in shares of MACOM Technology Solutions during the third quarter worth $136,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

Wall Street Analyst Weigh In

MTSI has been the topic of several recent research reports. Northland Securities upped their price target 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. 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. Piper Sandler boosted their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Barclays raised their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MACOM Technology Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $128.00.

Insider Activity at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 1,500 shares of MACOM Technology Solutions stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $118.38, for a total transaction of $177,570.00. Following the transaction, the senior vice president now owns 37,102 shares in the company, valued at approximately $4,392,134.76. This trade represents a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Stephen G. Daly sold 7,122 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $112.53, for a total transaction of $801,438.66. Following the completion of the transaction, the chief executive officer now owns 55,826 shares in the company, valued at approximately $6,282,099.78. This represents a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 224,962 shares of company stock valued at $28,485,722. 22.75% of the stock is owned by insiders.

MACOM Technology Solutions Price Performance

Shares of MACOM Technology Solutions stock opened at $138.18 on Wednesday. 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 business has a 50 day simple moving average of $125.93 and a two-hundred day simple moving average of $112.49. The stock has a market capitalization of $10.00 billion, a P/E ratio of 134.16, a PEG ratio of 2.42 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $79.25 and a 12 month 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.