Cibc World Market Inc. purchased a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 10,820 shares of the semiconductor company’s stock, valued at approximately $4,116,000.
Other hedge funds also recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in shares of MACOM Technology Solutions during the 3rd quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at about $30,000. GHP Investment Advisors Inc. bought a new stake in shares of MACOM Technology Solutions in the 1st quarter valued at approximately $31,000. Clearstead Advisors LLC grew its stake in shares of MACOM Technology Solutions by 156.5% in the 4th quarter. Clearstead Advisors LLC now owns 236 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 144 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in MACOM Technology Solutions in the fourth quarter worth approximately $46,000. 76.14% of the stock is owned by institutional investors and hedge funds.
MACOM Technology Solutions Price Performance
Shares of MACOM Technology Solutions stock opened at $272.66 on Thursday. The firm has a fifty day simple moving average of $304.19 and a 200-day simple moving average of $293.25. The company has a current ratio of 2.34, a quick ratio of 1.78 and a debt-to-equity ratio of 0.04. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $121.97 and a 1-year high of $418.90. The stock has a market capitalization of $20.82 billion, a price-to-earnings ratio of 87.67, a PEG ratio of 1.53 and a beta of 1.70.
Insider Buying and Selling at MACOM Technology Solutions
In other news, SVP Donghyun Thomas Hwang sold 2,620 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $383.87, for a total value of $1,005,739.40. Following the sale, the senior vice president directly owned 29,756 shares of the company’s stock, valued at approximately $11,422,435.72. This trade represents a 8.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John Kober sold 7,389 shares of MACOM Technology Solutions stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $326.08, for a total value of $2,409,405.12. Following the completion of the transaction, the chief financial officer owned 33,583 shares in the company, valued at $10,950,744.64. The trade was a 18.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 25,837 shares of company stock worth $9,204,236 over the last ninety days. Company insiders own 0.36% of the company’s stock.
Analysts Set New Price Targets
Several analysts have commented on MTSI shares. Stifel Nicolaus boosted their target price on shares of MACOM Technology Solutions from $385.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. BMO Capital Markets began coverage on shares of MACOM Technology Solutions in a research note on Friday, August 21st. They issued a “market perform” rating and a $335.00 price objective for the company. Needham & Company LLC upped their price objective on shares of MACOM Technology Solutions from $400.00 to $410.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Susquehanna lowered their target price on shares of MACOM Technology Solutions from $350.00 to $300.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 21st. Finally, HC Wainwright restated a “buy” rating on shares of MACOM Technology Solutions in a report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $341.25.
Read Our Latest Report on MTSI
MACOM Technology Solutions Company Profile
MACOM Technology Solutions is a semiconductor company specializing in high-performance analog, microwave, millimeter-wave and photonic semiconductor solutions. Its product portfolio includes amplifiers, switches, modulators, detectors and integrated circuits designed to optimize signal integrity, power management and data transmission. MACOM’s offerings address both digital and optical domains, providing critical building blocks for next-generation communications infrastructure.
The company’s solutions serve a diverse set of end markets, including wireless and wireline telecom, data centers, satellite communications, aerospace and defense, industrial and automotive applications.
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