By otakuyassine3@gmail.com 
Jennison Associates LLC grew its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Free Report) by 0.5% during the 4th quarter, Holdings Channel reports. The fund owned 532,463 shares of the semiconductor company’s stock after buying an additional 2,646 shares during the period. Jennison Associates LLC’s holdings in MACOM Technology Solutions were worth $69,172,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of the business. UMB Bank n.a. increased its stake in shares of MACOM Technology Solutions by 74.3% in the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 101 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of MACOM Technology Solutions in the fourth quarter worth about $36,000. Blue Trust Inc. lifted its position in shares of MACOM Technology Solutions by 122.2% during the 4th quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 264 shares in the last quarter. Quarry LP bought a new position in shares of MACOM Technology Solutions during the 3rd quarter valued at approximately $57,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in MACOM Technology Solutions during the 3rd quarter worth approximately $66,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.
Insider Buying and Selling at MACOM Technology Solutions
In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $118.38, for a total transaction of $177,570.00. Following the sale, the senior vice president now directly owns 37,102 shares in the company, valued at $4,392,134.76. This represents a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Robert Dennehy sold 2,539 shares of MACOM Technology Solutions stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 31,206 shares of the company’s stock, valued at approximately $3,769,684.80. This trade represents a 7.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 220,032 shares of company stock worth $28,080,365 over the last 90 days. 16.30% of the stock is owned by insiders.
MACOM Technology Solutions Stock Up 0.1 %
Shares of MTSI opened at $132.34 on Tuesday. 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 stock has a market capitalization of $9.84 billion, a price-to-earnings ratio of 128.49, a price-to-earnings-growth ratio of 2.32 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $79.25 and a 1 year high of $152.50. The business’s 50 day simple moving average is $136.09 and its 200-day simple moving average is $119.30.
Analysts Set New Price Targets
A number of equities analysts have weighed in on MTSI shares. Benchmark upped their price target 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. Barclays increased 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. Piper Sandler boosted their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, Northland Securities increased their target price 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. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, MACOM Technology Solutions has an average rating of “Moderate Buy” and a consensus price target of $128.00.
Read Our Latest Stock Analysis on MTSI
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.
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