Tidal Investments LLC Increases Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Tidal Investments LLC boosted its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 16.8% in the 3rd quarter, Holdings Channel reports. The fund owned 15,071 shares of the semiconductor company’s stock after buying an additional 2,169 shares during the period. Tidal Investments LLC’s holdings in MACOM Technology Solutions were worth $1,677,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of MACOM Technology Solutions in the third quarter valued at approximately $57,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of MACOM Technology Solutions in the third quarter valued at approximately $66,000. GAMMA Investing LLC increased its position in shares of MACOM Technology Solutions by 75.4% in the third quarter. GAMMA Investing LLC now owns 821 shares of the semiconductor company’s stock valued at $91,000 after buying an additional 353 shares in the last quarter. Farther Finance Advisors LLC increased its position 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 valued at $102,000 after buying an additional 692 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of MACOM Technology Solutions in the third quarter valued at approximately $111,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Robert Dennehy sold 2,539 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $120.80, for a total value of $306,711.20. Following the transaction, the senior vice president now owns 31,206 shares of the company’s stock, valued at $3,769,684.80. This represents a 7.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Donghyun Thomas Hwang sold 1,500 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $118.38, for a total value of $177,570.00. Following the completion of the transaction, the senior vice president now directly owns 37,102 shares in the company, valued at approximately $4,392,134.76. This trade represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 224,962 shares of company stock valued at $28,485,722. Insiders own 22.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Northland Securities lifted their price target on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. Benchmark lifted their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. 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. Finally, Piper Sandler lifted their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $128.00.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI opened at $138.18 on Wednesday. The stock’s fifty day moving average is $125.93 and its two-hundred day moving average is $112.49. The firm 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 fifty-two week low of $79.25 and a fifty-two 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.