GAMMA Investing LLC Grows Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

GAMMA Investing LLC raised its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 42.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,170 shares of the semiconductor company’s stock after purchasing an additional 349 shares during the period. GAMMA Investing LLC’s holdings in MACOM Technology Solutions were worth $152,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Citigroup Inc. boosted its position in shares of MACOM Technology Solutions by 46.2% in the third quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company’s stock valued at $7,672,000 after acquiring an additional 21,786 shares during the period. Westfield Capital Management Co. LP lifted its stake in MACOM Technology Solutions by 21.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after purchasing an additional 210,151 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in MACOM Technology Solutions by 18.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock valued at $82,945,000 after purchasing an additional 116,090 shares during the period. Algert Global LLC boosted its stake in MACOM Technology Solutions by 103.6% during the third quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company’s stock valued at $1,315,000 after buying an additional 6,015 shares during the period. Finally, Millennium Management LLC increased its stake in MACOM Technology Solutions by 958.1% in the 2nd quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock worth $149,214,000 after acquiring an additional 1,212,094 shares during the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI opened at $135.55 on Friday. The firm has a market cap of $9.81 billion, a price-to-earnings ratio of 131.60, a PEG ratio of 2.43 and a beta of 1.71. The company has a 50-day simple moving average of $132.79 and a two-hundred day simple moving average of $116.20. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $79.25 and a 12-month high of $143.90.

Insider Buying and Selling

In other news, CEO Stephen G. Daly sold 4,742 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $118.32, for a total transaction of $561,073.44. Following the transaction, the chief executive officer now directly owns 65,577 shares of the company’s stock, valued at approximately $7,759,070.64. The trade was a 6.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John Kober sold 2,250 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $130.09, for a total value of $292,702.50. Following the completion of the sale, the chief financial officer now directly owns 49,239 shares of the company’s stock, valued at $6,405,501.51. The trade was a 4.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 227,212 shares of company stock worth $28,778,424 in the last ninety days. 22.75% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MTSI. Barclays lifted their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Benchmark lifted 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. 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. Finally, Northland Securities raised their price objective 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 equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $128.00.

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.