Natixis Advisors LLC Buys 512 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Natixis Advisors LLC raised its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,025 shares of the semiconductor company’s stock after acquiring an additional 512 shares during the period. Natixis Advisors LLC’s holdings in MACOM Technology Solutions were worth $3,229,000 as of its most recent SEC filing.

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

MACOM Technology Solutions Trading Up 2.4 %

MTSI stock opened at $134.50 on Friday. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $79.25 and a 12 month high of $140.27. The firm’s 50-day moving average is $116.33 and its 200 day moving average is $108.52. The company has a market capitalization of $9.74 billion, a PE ratio of 130.58, a P/E/G ratio of 2.31 and a beta of 1.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55.

Analyst Upgrades and Downgrades

MTSI has been the topic of several research reports. Needham & Company LLC boosted their price target on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Benchmark upped their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Barclays lifted 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. Piper Sandler increased their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.91.

Insider Transactions at MACOM Technology Solutions

In related news, SVP Robert Dennehy sold 6,915 shares of the stock in a transaction that occurred on 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 owns 19,481 shares of the company’s stock, valued at $1,974,983.78. This represents a 26.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Kober sold 19,470 shares of MACOM Technology Solutions stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $126.88, for a total value of $2,470,353.60. Following the sale, the chief financial officer now directly owns 51,489 shares of the company’s stock, valued at approximately $6,532,924.32. This trade represents a 27.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 273,268 shares of company stock valued at $32,128,941. 22.75% of the stock is currently owned by company insiders.

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.