Oppenheimer Asset Management Inc. Sells 126 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Oppenheimer Asset Management Inc. trimmed its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,921 shares of the semiconductor company’s stock after selling 126 shares during the period. Oppenheimer Asset Management Inc.’s holdings in MACOM Technology Solutions were worth $1,215,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of MTSI. Vanguard Group Inc. grew its stake in shares of MACOM Technology Solutions by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock worth $592,395,000 after acquiring an additional 465,759 shares during the period. Tidal Investments LLC boosted its position in MACOM Technology Solutions by 175.1% during the first quarter. Tidal Investments LLC now owns 11,032 shares of the semiconductor company’s stock worth $1,055,000 after purchasing an additional 7,022 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of MACOM Technology Solutions by 12.5% in the first 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 purchasing an additional 154,066 shares during the period. Thornburg Investment Management Inc. raised its position in shares of MACOM Technology Solutions by 44.1% in the first quarter. Thornburg Investment Management Inc. now owns 94,819 shares of the semiconductor company’s stock valued at $9,088,000 after purchasing an additional 29,004 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of MACOM Technology Solutions by 303.7% during the 1st quarter. Russell Investments Group Ltd. now owns 23,591 shares of the semiconductor company’s stock valued at $2,256,000 after buying an additional 17,748 shares in the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Barclays boosted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Piper Sandler increased their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Benchmark lifted their target price on 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 target on shares of 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, JPMorgan Chase & Co. boosted 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 note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.91.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI opened at $123.00 on Monday. The company has a market capitalization of $8.91 billion, a P/E ratio of 119.42, a P/E/G ratio of 2.16 and a beta of 1.69. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.55 and a current ratio of 8.35. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $79.25 and a 52-week high of $140.27. The company has a fifty day moving average of $113.44 and a 200-day moving average of $107.64.

Insider Buying and Selling at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 51,010 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $107.02, for a total value of $5,459,090.20. Following the completion of the sale, the director now directly owns 6,194,746 shares in the company, valued at approximately $662,961,716.92. The trade was a 0.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Robert Dennehy sold 6,683 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $106.78, for a total transaction of $713,610.74. Following the completion of the sale, the senior vice president now directly owns 26,396 shares of the company’s stock, valued at $2,818,564.88. This trade represents a 20.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 400,891 shares of company stock worth $45,266,113 over the last 90 days. Corporate insiders own 22.75% of the company’s stock.

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.