Polymer Capital Management HK LTD Purchases Shares of 15,000 MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Polymer Capital Management HK LTD acquired a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,000 shares of the semiconductor company’s stock, valued at approximately $1,669,000.

Other hedge funds have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in MACOM Technology Solutions during the 2nd quarter worth approximately $39,000. GAMMA Investing LLC lifted its holdings in shares of MACOM Technology Solutions by 153.0% during the second quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock worth $52,000 after buying an additional 283 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of MACOM Technology Solutions in the third quarter valued at about $66,000. FSC Wealth Advisors LLC bought a new position in MACOM Technology Solutions during the second quarter worth about $78,000. Finally, Farther Finance Advisors LLC boosted its holdings in MACOM Technology Solutions by 303.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company’s stock valued at $102,000 after purchasing an additional 692 shares during the period. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MTSI. Northland Securities lifted their price target on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research report on Monday, November 11th. Benchmark lifted their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a report on Friday, November 8th. Barclays increased their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Finally, Piper Sandler boosted their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, MACOM Technology Solutions has an average rating of “Moderate Buy” and an average price target of $125.91.

Insider Activity at MACOM Technology Solutions

In other news, SVP Robert Dennehy sold 6,915 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $101.38, for a total value of $701,042.70. Following the transaction, the senior vice president now directly owns 19,481 shares of the company’s stock, valued at $1,974,983.78. The trade was a 26.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Ocampo sold 105,782 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $123.67, for a total value of $13,082,059.94. Following the sale, the director now directly owns 5,914,008 shares of the company’s stock, valued at $731,385,369.36. This represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 230,511 shares of company stock worth $28,996,795 over the last three months. Company insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Stock Up 3.0 %

NASDAQ:MTSI opened at $141.03 on Wednesday. The company has a market cap of $10.21 billion, a PE ratio of 136.92, a P/E/G ratio of 2.40 and a beta of 1.71. The firm’s 50 day simple moving average is $120.71 and its 200 day simple moving average is $110.19. 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 Holdings, Inc. has a one year low of $79.25 and a one year high of $142.44.

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.