Pacer Advisors Inc. increased its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Rating) by 593.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,441 shares of the semiconductor company’s stock after acquiring an additional 9,790 shares during the quarter. Pacer Advisors Inc.’s holdings in MACOM Technology Solutions were worth $721,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of MTSI. Raymond James & Associates bought a new position in MACOM Technology Solutions during the first quarter worth $354,000. MetLife Investment Management LLC boosted its stake in MACOM Technology Solutions by 55.9% during the first quarter. MetLife Investment Management LLC now owns 26,105 shares of the semiconductor company’s stock worth $1,563,000 after buying an additional 9,357 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in MACOM Technology Solutions by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 648,503 shares of the semiconductor company’s stock worth $38,827,000 after buying an additional 13,293 shares in the last quarter. Sei Investments Co. boosted its stake in MACOM Technology Solutions by 11.2% during the first quarter. Sei Investments Co. now owns 261,479 shares of the semiconductor company’s stock worth $15,602,000 after buying an additional 26,291 shares in the last quarter. Finally, Covestor Ltd boosted its stake in MACOM Technology Solutions by 97.7% during the first quarter. Covestor Ltd now owns 1,621 shares of the semiconductor company’s stock worth $97,000 after buying an additional 801 shares in the last quarter. Institutional investors own 74.93% of the company’s stock.
MACOM Technology Solutions Stock Down 0.4 %
Shares of NASDAQ MTSI opened at $57.04 on Thursday. The firm’s 50-day simple moving average is $66.48 and its 200 day simple moving average is $65.35. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 2.46 and a beta of 1.86. The company has a quick ratio of 7.74, a current ratio of 9.04 and a debt-to-equity ratio of 0.70. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $42.85 and a 12-month high of $76.56.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the stock. Craig Hallum downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating and decreased their price target for the stock from $73.00 to $65.00 in a research note on Wednesday, January 11th. StockNews.com downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Needham & Company LLC boosted their target price on shares of MACOM Technology Solutions from $68.00 to $76.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. BNP Paribas assumed coverage on shares of MACOM Technology Solutions in a research note on Tuesday, February 28th. They issued a “neutral” rating and a $65.00 target price on the stock. Finally, Stifel Nicolaus boosted their target price on shares of MACOM Technology Solutions from $75.00 to $82.00 in a research note on Thursday, March 9th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $69.89.
Insiders Place Their Bets
In other MACOM Technology Solutions news, SVP Robert Dennehy sold 3,250 shares of the business’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $68.92, for a total transaction of $223,990.00. Following the completion of the sale, the senior vice president now directly owns 52,449 shares of the company’s stock, valued at approximately $3,614,785.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Stephen G. Daly sold 30,000 shares of the company’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $66.30, for a total value of $1,989,000.00. Following the completion of the sale, the chief executive officer now directly owns 270,583 shares of the company’s stock, valued at approximately $17,939,652.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Robert Dennehy sold 3,250 shares of the company’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $68.92, for a total value of $223,990.00. Following the completion of the sale, the senior vice president now directly owns 52,449 shares of the company’s stock, valued at $3,614,785.08. The disclosure for this sale can be found here. In the last three months, insiders sold 140,395 shares of company stock valued at $9,609,820. 24.00% of the stock is currently owned by insiders.
MACOM Technology Solutions Profile
MACOM Technology Solutions Holdings, Inc engages in designing, developing, manufacturing, and marketing semiconductors and modules. The firm is involved in the provision of products for telecommunications (Telecom), industrial and defense (I&D), and data center industries. The company was founded on March 25, 2009 and is headquartered in Lowell, MA.
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