Quarry LP Takes $57,000 Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Quarry LP acquired a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the third quarter, Holdings Channel reports. The firm acquired 516 shares of the semiconductor company’s stock, valued at approximately $57,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of MACOM Technology Solutions in the third quarter worth $66,000. FSC Wealth Advisors LLC acquired a new stake in MACOM Technology Solutions during the 2nd quarter worth about $78,000. GAMMA Investing LLC grew its stake 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 acquiring an additional 353 shares in the last quarter. Farther Finance Advisors LLC increased its holdings 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 period. Finally, Eastern Bank purchased a new stake in shares of MACOM Technology Solutions in the third quarter worth approximately $136,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Stephen G. Daly sold 4,742 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $118.32, for a total value of $561,073.44. Following the transaction, the chief executive officer now directly 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 is available through this link. Also, Director Susan Ocampo sold 12,438 shares of MACOM Technology Solutions stock in a transaction on Monday, November 25th. The stock was sold at an average price of $136.73, for a total transaction of $1,700,647.74. Following the completion of the transaction, the director now owns 6,500,755 shares in the company, valued at $888,848,231.15. This trade represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 230,511 shares of company stock valued at $28,996,795. Insiders own 22.75% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Barclays boosted their price objective 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. Benchmark boosted their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a report on Friday, November 8th. Northland Securities increased their price objective 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. Finally, Piper Sandler boosted their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.91.

MACOM Technology Solutions Price Performance

NASDAQ MTSI opened at $137.87 on Tuesday. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $79.25 and a fifty-two week high of $143.90. The stock’s 50-day moving average is $123.01 and its two-hundred day moving average is $111.24. The firm has a market cap of $9.98 billion, a P/E ratio of 133.86, a price-to-earnings-growth ratio of 2.44 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 Company 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.