State of Alaska Department of Revenue Acquires 765 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

State of Alaska Department of Revenue raised its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 12.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,704 shares of the semiconductor company’s stock after buying an additional 765 shares during the quarter. State of Alaska Department of Revenue’s holdings in MACOM Technology Solutions were worth $745,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in MACOM Technology Solutions by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock valued at $592,395,000 after buying an additional 465,759 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in 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 buying an additional 154,066 shares during the period. Millennium Management LLC increased its holdings in MACOM Technology Solutions by 958.1% in the 2nd quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock valued at $149,214,000 after buying an additional 1,212,094 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of MACOM Technology Solutions by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 993,316 shares of the semiconductor company’s stock worth $110,722,000 after purchasing an additional 69,689 shares during the last quarter. Finally, Hood River Capital Management LLC grew its holdings in shares of MACOM Technology Solutions by 280.5% in the 2nd quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock worth $78,568,000 after purchasing an additional 519,603 shares during the last quarter. Institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Stock Up 4.5 %

Shares of NASDAQ:MTSI opened at $121.92 on Thursday. The company has a quick ratio of 6.33, a current ratio of 8.18 and a debt-to-equity ratio of 0.45. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $72.15 and a 12 month high of $122.68. The firm has a market cap of $8.80 billion, a P/E ratio of 124.41, a P/E/G ratio of 4.33 and a beta of 1.69. The company’s 50-day moving average price is $109.42 and its two-hundred day moving average price is $106.05.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 4,742 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $118.32, for a total transaction of $561,073.44. Following the transaction, the chief executive officer now directly owns 65,577 shares in the company, valued at approximately $7,759,070.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 7,122 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $112.53, for a total transaction of $801,438.66. Following the transaction, the chief executive officer now directly owns 55,826 shares in the company, valued at approximately $6,282,099.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stephen G. Daly sold 4,742 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $118.32, for a total transaction of $561,073.44. Following the transaction, the chief executive officer now owns 65,577 shares in the company, valued at approximately $7,759,070.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 669,396 shares of company stock worth $71,106,808. Company insiders own 22.75% of the company’s stock.

Wall Street Analysts Forecast Growth

MTSI has been the topic of several analyst reports. Piper Sandler upped their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their target price on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Stifel Nicolaus upped their target price on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Needham & Company LLC upped their target price on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Benchmark reaffirmed a “buy” rating and issued a $120.00 target price on shares of MACOM Technology Solutions in a report on Thursday, September 12th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $120.00.

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.