Loomis Sayles & Co. L P Lowers Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Loomis Sayles & Co. L P decreased its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 17.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 646,546 shares of the semiconductor company’s stock after selling 132,132 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.90% of MACOM Technology Solutions worth $71,935,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MTSI. CANADA LIFE ASSURANCE Co increased its position in shares of MACOM Technology Solutions by 1.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 31,011 shares of the semiconductor company’s stock worth $2,963,000 after acquiring an additional 438 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of MACOM Technology Solutions by 12.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company’s stock valued at $132,821,000 after acquiring an additional 154,066 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in MACOM Technology Solutions by 15.4% during the first quarter. Public Employees Retirement Association of Colorado now owns 117,752 shares of the semiconductor company’s stock valued at $11,262,000 after purchasing an additional 15,723 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in MACOM Technology Solutions by 7.0% during the first quarter. Silvercrest Asset Management Group LLC now owns 240,112 shares of the semiconductor company’s stock valued at $22,964,000 after purchasing an additional 15,775 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in shares of MACOM Technology Solutions by 175.1% in the 1st quarter. Tidal Investments LLC now owns 11,032 shares of the semiconductor company’s stock worth $1,055,000 after buying an additional 7,022 shares during the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

MACOM Technology Solutions Stock Up 2.4 %

NASDAQ MTSI opened at $134.50 on Monday. The company has a market capitalization of $9.74 billion, a P/E ratio of 130.58, a PEG ratio of 2.36 and a beta of 1.69. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $79.25 and a 12 month high of $140.27. 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 company’s 50 day simple moving average is $116.33 and its 200 day simple moving average is $108.57.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 70,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $106.26, for a total transaction of $7,438,200.00. Following the sale, the director now owns 6,826,685 shares in the company, valued at approximately $725,403,548.10. The trade was a 1.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen G. Daly sold 21,012 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $109.40, for a total transaction of $2,298,712.80. Following the completion of the transaction, the chief executive officer now owns 64,472 shares of the company’s stock, valued at approximately $7,053,236.80. The trade was a 24.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 273,268 shares of company stock valued at $32,128,941 over the last three months. Company insiders own 22.75% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Northland Securities lifted their target price 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. Barclays upped their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. lifted their price objective on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Benchmark upped their target price 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. Finally, Piper Sandler lifted 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. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, MACOM Technology Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $125.91.

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.