Linden Thomas Advisory Services LLC Has $3.96 Million Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Linden Thomas Advisory Services LLC decreased its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 0.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 30,482 shares of the semiconductor company’s stock after selling 180 shares during the period. Linden Thomas Advisory Services LLC’s holdings in MACOM Technology Solutions were worth $3,960,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC increased its position in MACOM Technology Solutions by 31.3% during the 4th quarter. SG Americas Securities LLC now owns 23,178 shares of the semiconductor company’s stock valued at $3,011,000 after purchasing an additional 5,521 shares during the period. Perpetual Ltd bought a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at $361,000. UMB Bank n.a. increased its position in shares of MACOM Technology Solutions by 74.3% during the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after buying an additional 101 shares during the period. Covea Finance raised its stake in MACOM Technology Solutions by 8.0% during the fourth quarter. Covea Finance now owns 27,000 shares of the semiconductor company’s stock worth $3,508,000 after buying an additional 2,000 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in MACOM Technology Solutions by 17.4% in the fourth quarter. Park Avenue Securities LLC now owns 3,675 shares of the semiconductor company’s stock valued at $477,000 after buying an additional 546 shares during the period. 76.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Barclays increased their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Piper Sandler lifted their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Northland Securities boosted their price target on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. Finally, Benchmark raised their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, MACOM Technology Solutions has a consensus rating of “Moderate Buy” and an average target price of $128.00.

Insider Buying and Selling

In other MACOM Technology Solutions 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 completion of the transaction, the chief executive officer now directly owns 65,577 shares of the company’s stock, valued at $7,759,070.64. This trade represents a 6.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Ambra R. Roth sold 1,366 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $139.07, for a total transaction of $189,969.62. Following the transaction, the senior vice president now owns 6,564 shares of the company’s stock, valued at $912,855.48. This trade represents a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 227,212 shares of company stock valued at $28,778,424. 16.30% of the stock is owned by insiders.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI opened at $144.17 on Friday. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $79.25 and a fifty-two week high of $152.50. The company’s 50-day moving average is $136.26 and its 200 day moving average is $118.56. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.55 and a current ratio of 8.35. The company has a market capitalization of $10.72 billion, a P/E ratio of 139.97, a price-to-earnings-growth ratio of 2.58 and a beta of 1.71.

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.