Cibc World Market Inc. boosted its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Free Report) by 27.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,535 shares of the semiconductor company’s stock after buying an additional 2,465 shares during the quarter. Cibc World Market Inc.’s holdings in MACOM Technology Solutions were worth $1,976,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in MACOM Technology Solutions during the 3rd quarter worth about $25,000. EverSource Wealth Advisors LLC raised its holdings in MACOM Technology Solutions by 75.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 216 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 93 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in MACOM Technology Solutions during the 4th quarter worth about $30,000. Smartleaf Asset Management LLC raised its holdings in MACOM Technology Solutions by 108.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 288 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 150 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new stake in MACOM Technology Solutions during the 4th quarter worth about $39,000. 76.14% of the stock is owned by institutional investors.
MACOM Technology Solutions Price Performance
MACOM Technology Solutions stock opened at $358.72 on Wednesday. The firm has a market capitalization of $27.37 billion, a P/E ratio of 155.29, a PEG ratio of 2.97 and a beta of 1.66. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $118.16 and a 1 year high of $418.90. The business has a 50-day moving average of $315.43 and a 200-day moving average of $245.39. The company has a current ratio of 7.52, a quick ratio of 5.84 and a debt-to-equity ratio of 0.29.
Insider Activity at MACOM Technology Solutions
In other news, Director Geoffrey G. Ribar sold 1,623 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $361.84, for a total transaction of $587,266.32. Following the completion of the transaction, the director directly owned 12,563 shares in the company, valued at approximately $4,545,795.92. The trade was a 11.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 3,718 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $276.74, for a total value of $1,028,919.32. Following the transaction, the senior vice president owned 34,886 shares of the company’s stock, valued at $9,654,351.64. The trade was a 9.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 75,476 shares of company stock worth $27,755,202. 0.36% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several analysts have weighed in on MTSI shares. Susquehanna boosted their price objective on MACOM Technology Solutions from $300.00 to $350.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Stifel Nicolaus boosted their price objective on MACOM Technology Solutions from $255.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Barclays boosted their price objective on MACOM Technology Solutions from $400.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Wall Street Zen cut MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $321.36.
Check Out Our Latest Stock Report on MTSI
MACOM Technology Solutions Company Profile
MACOM Technology Solutions is a semiconductor company specializing in high-performance analog, microwave, millimeter-wave and photonic semiconductor solutions. Its product portfolio includes amplifiers, switches, modulators, detectors and integrated circuits designed to optimize signal integrity, power management and data transmission. MACOM’s offerings address both digital and optical domains, providing critical building blocks for next-generation communications infrastructure.
The company’s solutions serve a diverse set of end markets, including wireless and wireline telecom, data centers, satellite communications, aerospace and defense, industrial and automotive applications.
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