The Manufacturers Life Insurance Company Grows Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

The Manufacturers Life Insurance Company lifted its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 18.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 745,503 shares of the semiconductor company’s stock after purchasing an additional 116,090 shares during the period. The Manufacturers Life Insurance Company owned about 1.03% of MACOM Technology Solutions worth $82,945,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. CANADA LIFE ASSURANCE Co lifted its position in MACOM Technology Solutions by 1.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 31,011 shares of the semiconductor company’s stock valued at $2,963,000 after acquiring an additional 438 shares during the last quarter. Tidal Investments LLC lifted its position in MACOM Technology Solutions by 175.1% in the first quarter. Tidal Investments LLC now owns 11,032 shares of the semiconductor company’s stock valued at $1,055,000 after acquiring an additional 7,022 shares during the last quarter. GAMMA Investing LLC lifted its position in 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 last quarter. Fulton Bank N.A. lifted its position in MACOM Technology Solutions by 8.7% in the second quarter. Fulton Bank N.A. now owns 5,092 shares of the semiconductor company’s stock valued at $568,000 after acquiring an additional 409 shares during the last quarter. Finally, CWM LLC lifted its position in MACOM Technology Solutions by 7.3% in the second quarter. CWM LLC now owns 1,451 shares of the semiconductor company’s stock valued at $162,000 after acquiring an additional 99 shares during the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 4,375 shares of the firm’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 completion of the sale, the senior vice president now directly owns 37,148 shares of the company’s stock, valued at approximately $3,884,566.36. This trade represents a 10.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan Ocampo sold 25,351 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $130.05, for a total transaction of $3,296,897.55. Following the transaction, the director now owns 6,046,676 shares in the company, valued at $786,370,213.80. This trade represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 255,898 shares of company stock valued at $31,753,002. Corporate insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Price Performance

MACOM Technology Solutions stock opened at $131.67 on Thursday. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $79.25 and a 52-week high of $140.27. The firm has a fifty day moving average of $117.68 and a 200-day moving average of $109.04. The firm has a market capitalization of $9.53 billion, a P/E ratio of 130.72, a PEG ratio of 2.38 and a beta of 1.69. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MTSI shares. Piper Sandler lifted their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Northland Securities lifted their price objective 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, November 11th. JPMorgan Chase & Co. lifted 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. Barclays lifted their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC lifted their price objective on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $125.91.

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.