GSA Capital Partners LLP Invests $888,000 in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

GSA Capital Partners LLP purchased a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,982 shares of the semiconductor company’s stock, valued at approximately $888,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MTSI. Vanguard Group Inc. grew its holdings in shares of MACOM Technology Solutions by 8.1% during the first quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock valued at $592,395,000 after buying an additional 465,759 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in MACOM Technology Solutions by 12.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company’s stock worth $132,821,000 after purchasing an additional 154,066 shares in the last quarter. Millennium Management LLC raised its stake in shares of MACOM Technology Solutions by 958.1% in the second quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock worth $149,214,000 after purchasing an additional 1,212,094 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of MACOM Technology Solutions by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 993,316 shares of the semiconductor company’s stock valued at $110,722,000 after purchasing an additional 69,689 shares in the last quarter. Finally, Hood River Capital Management LLC boosted its position in shares of MACOM Technology Solutions by 280.5% during the second quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock valued at $78,568,000 after buying an additional 519,603 shares during the last quarter. Institutional investors own 76.14% of the company’s stock.

Insider Transactions at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 25,351 shares of MACOM Technology Solutions stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $130.05, for a total value of $3,296,897.55. Following the completion of the transaction, the director now directly owns 6,046,676 shares in the company, valued at approximately $786,370,213.80. The trade was a 0.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 1,500 shares of the stock in a transaction 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 sale, the senior vice president now owns 37,102 shares in the company, valued at approximately $4,392,134.76. This represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 400,891 shares of company stock worth $45,266,113 over the last quarter. Corporate insiders own 22.75% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on MTSI shares. JPMorgan Chase & Co. raised their price objective on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. 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 report on Friday, October 25th. Northland Securities increased 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 note on Monday, November 11th. Benchmark upped their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Needham & Company LLC upped their price objective on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $125.91.

MACOM Technology Solutions Trading Down 3.0 %

Shares of MTSI opened at $123.00 on Friday. The firm has a market cap of $8.91 billion, a P/E ratio of 119.42, a price-to-earnings-growth ratio of 2.42 and a beta of 1.69. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $79.25 and a fifty-two week high of $140.27. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.55 and a current ratio of 8.35. The business has a 50-day moving average of $113.44 and a 200 day moving average of $107.58.

MACOM Technology Solutions Company 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.