Janus Henderson Group PLC Sells 172,546 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Janus Henderson Group PLC decreased its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 20.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 657,264 shares of the semiconductor company’s stock after selling 172,546 shares during the quarter. Janus Henderson Group PLC owned about 0.91% of MACOM Technology Solutions worth $73,128,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of MACOM Technology Solutions by 153.0% during the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock worth $52,000 after buying an additional 283 shares during the period. CWM LLC increased its holdings in MACOM Technology Solutions by 7.3% during the 2nd quarter. CWM LLC now owns 1,451 shares of the semiconductor company’s stock valued at $162,000 after purchasing an additional 99 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of MACOM Technology Solutions in the 2nd quarter valued at $39,000. ORG Partners LLC acquired a new stake in shares of MACOM Technology Solutions in the 2nd quarter valued at $482,000. Finally, AlphaMark Advisors LLC acquired a new stake in shares of MACOM Technology Solutions in the 2nd quarter valued at $345,000. Institutional investors own 76.14% of the company’s stock.

Insider Activity

In other MACOM Technology Solutions news, SVP Robert Dennehy sold 6,915 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $101.38, for a total transaction of $701,042.70. Following the completion of the sale, the senior vice president now directly owns 19,481 shares in the company, valued at $1,974,983.78. This represents a 26.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan Ocampo sold 12,438 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.73, for a total value of $1,700,647.74. Following the completion of the transaction, the director now owns 6,500,755 shares of the company’s stock, valued at $888,848,231.15. The trade was a 0.19 % 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 owned by insiders.

Analyst Upgrades and Downgrades

MTSI has been the topic of several recent research reports. Northland Securities raised their price target on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th. Benchmark raised their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Piper Sandler raised their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, 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. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, MACOM Technology Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $125.91.

MACOM Technology Solutions Price Performance

NASDAQ:MTSI opened at $137.94 on Friday. The stock’s 50-day simple moving average is $121.93 and its 200 day simple moving average is $110.61. The company has a market cap of $9.99 billion, a P/E ratio of 133.92, a P/E/G ratio of 2.47 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.

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.