Quantinno Capital Management LP Purchases New Shares in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Quantinno Capital Management LP acquired a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,255 shares of the semiconductor company’s stock, valued at approximately $251,000.

Several other large investors also recently made changes to their positions in MTSI. Quarry LP acquired a new stake in shares of MACOM Technology Solutions in the third quarter valued at approximately $57,000. Polar Asset Management Partners Inc. boosted its position in MACOM Technology Solutions by 6.8% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 184,800 shares of the semiconductor company’s stock valued at $20,561,000 after buying an additional 11,800 shares during the last quarter. Polymer Capital Management HK LTD acquired a new stake in shares of MACOM Technology Solutions in the 3rd quarter valued at $1,669,000. Cinctive Capital Management LP raised its position in shares of MACOM Technology Solutions by 744.5% during the third quarter. Cinctive Capital Management LP now owns 88,608 shares of the semiconductor company’s stock worth $9,859,000 after acquiring an additional 78,116 shares during the last quarter. Finally, Clearline Capital LP acquired a new position in shares of MACOM Technology Solutions during the third quarter valued at $2,640,000. Institutional investors own 76.14% of the company’s stock.

Analysts Set New Price Targets

MTSI has been the subject of several recent research reports. Benchmark boosted their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Piper Sandler boosted their price target on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Barclays raised 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, Northland Securities upped their target price 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. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.00.

Insider Buying and Selling at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 12,438 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $136.73, for a total transaction of $1,700,647.74. Following the completion of the transaction, the director now directly owns 6,500,755 shares of the company’s stock, valued at $888,848,231.15. This represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ambra R. Roth sold 1,366 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $139.07, for a total value of $189,969.62. Following the completion of the sale, the senior vice president now directly owns 6,564 shares in the company, valued at approximately $912,855.48. This represents a 17.23 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 224,962 shares of company stock valued at $28,485,722. Company insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Price Performance

MTSI opened at $140.92 on Tuesday. The stock has a market cap of $10.20 billion, a P/E ratio of 136.82, a P/E/G ratio of 2.42 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $79.25 and a 12 month high of $143.90. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43. The company has a fifty day simple moving average of $125.93 and a 200 day simple moving average of $112.49.

MACOM Technology Solutions 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.