MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Bought by MetLife Investment Management LLC

MetLife Investment Management LLC boosted its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 3.3% in the third quarter, HoldingsChannel.com reports. The fund owned 29,815 shares of the semiconductor company’s stock after acquiring an additional 940 shares during the quarter. MetLife Investment Management LLC’s holdings in MACOM Technology Solutions were worth $3,317,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of MTSI. Opal Wealth Advisors LLC purchased a new position in shares of MACOM Technology Solutions during the 2nd quarter valued at about $39,000. GAMMA Investing LLC raised its stake in shares of MACOM Technology Solutions by 153.0% during the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock valued at $52,000 after buying an additional 283 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of MACOM Technology Solutions during the 3rd quarter valued at about $66,000. FSC Wealth Advisors LLC purchased a new position in shares of MACOM Technology Solutions during the 2nd quarter valued at about $78,000. Finally, Farther Finance Advisors LLC raised its stake 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 buying an additional 692 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Insider Transactions at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $118.38, for a total value of $177,570.00. Following the transaction, the senior vice president now directly owns 37,102 shares in the company, valued at approximately $4,392,134.76. This represents a 3.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Robert Dennehy sold 6,915 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $101.38, for a total value of $701,042.70. Following the completion of the transaction, the senior vice president now owns 19,481 shares in the company, valued at $1,974,983.78. This represents a 26.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 230,511 shares of company stock worth $28,996,795 in the last ninety days. Insiders own 22.75% of the company’s stock.

Wall Street Analyst Weigh In

MTSI has been the subject of a number of recent research reports. Northland Securities lifted their price objective on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. 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 note on Friday, November 8th. Benchmark lifted their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Piper Sandler lifted their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.91.

MACOM Technology Solutions Trading Up 3.0 %

Shares of MACOM Technology Solutions stock opened at $141.03 on Wednesday. The stock has a market cap of $10.21 billion, a P/E ratio of 136.92, a P/E/G ratio of 2.40 and a beta of 1.71. The stock’s 50 day simple moving average is $120.02 and its 200-day simple moving average is $109.91. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $79.25 and a 1-year high of $142.44. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55.

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.