Verdence Capital Advisors LLC Acquires 137 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Verdence Capital Advisors LLC raised its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 6.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,371 shares of the semiconductor company’s stock after purchasing an additional 137 shares during the quarter. Verdence Capital Advisors LLC’s holdings in MACOM Technology Solutions were worth $264,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MTSI. Opal Wealth Advisors LLC bought a new position in shares of MACOM Technology Solutions during the 2nd quarter valued at approximately $39,000. GAMMA Investing LLC raised its stake in shares of MACOM Technology Solutions by 153.0% in the second quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock valued at $52,000 after acquiring an additional 283 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of MACOM Technology Solutions in the third quarter valued at $66,000. FSC Wealth Advisors LLC bought a new stake in shares of MACOM Technology Solutions in the 2nd quarter worth about $78,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of MACOM Technology Solutions by 303.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company’s stock worth $102,000 after purchasing an additional 692 shares during the period. 76.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on MTSI shares. JPMorgan Chase & Co. raised their price objective on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Piper Sandler increased their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Needham & Company LLC boosted their price objective on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Barclays increased their target price 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. Finally, Northland Securities boosted their target price on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research note on Monday. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $125.91.

MACOM Technology Solutions Price Performance

Shares of MTSI opened at $131.86 on Wednesday. The stock has a market capitalization of $9.52 billion, a PE ratio of 128.02, a PEG ratio of 5.25 and a beta of 1.69. The company has a 50 day moving average price of $111.77 and a 200-day moving average price of $107.13. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.33 and a current ratio of 8.35. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $75.15 and a fifty-two week high of $140.27.

Insider Buying and Selling at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 305,395 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $106.48, for a total transaction of $32,518,459.60. Following the completion of the sale, the director now owns 6,550,889 shares of the company’s stock, valued at $697,538,660.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other MACOM Technology Solutions news, Director Susan Ocampo sold 305,395 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $106.48, for a total value of $32,518,459.60. Following the completion of the transaction, the director now owns 6,550,889 shares of the company’s stock, valued at approximately $697,538,660.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Robert Dennehy sold 6,683 shares of MACOM Technology Solutions stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $106.78, for a total value of $713,610.74. Following the sale, the senior vice president now directly owns 26,396 shares of the company’s stock, valued at approximately $2,818,564.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 575,153 shares of company stock valued at $61,405,615. 22.75% of the stock is currently owned by corporate insiders.

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.