Pathstone Holdings LLC Has $2.06 Million Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Pathstone Holdings LLC raised its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 7.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 18,553 shares of the semiconductor company’s stock after buying an additional 1,294 shares during the period. Pathstone Holdings LLC’s holdings in MACOM Technology Solutions were worth $2,064,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in MACOM Technology Solutions in the 2nd quarter valued at approximately $39,000. GAMMA Investing LLC increased its position in MACOM Technology Solutions by 153.0% in the 2nd 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 bought a new position in shares of MACOM Technology Solutions during the third quarter valued at $66,000. FSC Wealth Advisors LLC acquired a new position in shares of MACOM Technology Solutions during the second quarter worth $78,000. Finally, Farther Finance Advisors LLC grew its stake in shares of MACOM Technology Solutions by 303.5% in the third 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 last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Stephen G. Daly sold 21,012 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $109.40, for a total value of $2,298,712.80. Following the transaction, the chief executive officer now directly owns 64,472 shares in the company, valued at $7,053,236.80. This trade represents a 24.58 % 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 Donghyun Thomas Hwang sold 4,375 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $104.57, for a total transaction of $457,493.75. Following the sale, the senior vice president now owns 37,148 shares of the company’s stock, valued at $3,884,566.36. This trade represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 255,898 shares of company stock worth $31,753,002. Corporate insiders own 22.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Needham & Company LLC raised their target price on MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Piper Sandler upped their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Northland Securities raised 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. Benchmark upped their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. increased 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 report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.91.

MACOM Technology Solutions Stock Performance

Shares of MTSI opened at $134.64 on Wednesday. MACOM Technology Solutions Holdings, Inc. has a one year low of $79.25 and a one year high of $140.27. The company has a market cap of $9.75 billion, a PE ratio of 130.72, a P/E/G ratio of 2.36 and a beta of 1.69. The stock has a 50-day moving average of $117.02 and a 200-day moving average of $108.81. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55.

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.