MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Bought by Concentric Capital Strategies LP

Concentric Capital Strategies LP grew its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 96.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,216 shares of the semiconductor company’s stock after acquiring an additional 50,272 shares during the period. Concentric Capital Strategies LP owned about 0.14% of MACOM Technology Solutions worth $11,373,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of MTSI. Millennium Management LLC grew its stake in MACOM Technology Solutions by 958.1% during the second quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock worth $149,214,000 after buying an additional 1,212,094 shares during the period. Westfield Capital Management Co. LP lifted its position 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 valued at $134,686,000 after purchasing an additional 210,151 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of MACOM Technology Solutions by 7.5% during 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 during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of MACOM Technology Solutions by 18.4% in the third quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock valued at $82,945,000 after buying an additional 116,090 shares during the period. Finally, Hood River Capital Management LLC boosted its holdings in 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 worth $78,568,000 after buying an additional 519,603 shares in the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MTSI. Northland Securities boosted 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. Barclays boosted 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 shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Piper Sandler upped their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.91.

Insider Buying and Selling

In other news, Director Susan Ocampo sold 105,782 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $123.67, for a total value of $13,082,059.94. Following the sale, the director now owns 5,914,008 shares in the company, valued at $731,385,369.36. This represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert Dennehy sold 6,915 shares of MACOM Technology Solutions stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $101.38, for a total transaction of $701,042.70. Following the completion of the sale, the senior vice president now directly owns 19,481 shares in the company, valued at $1,974,983.78. This represents a 26.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 234,886 shares of company stock valued at $29,454,289 in the last ninety days. 22.75% of the stock is owned by company insiders.

MACOM Technology Solutions Trading Up 0.9 %

Shares of MTSI stock opened at $132.82 on Monday. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $79.25 and a 1 year high of $140.27. The company has a market cap of $9.62 billion, a price-to-earnings ratio of 128.95, a PEG ratio of 2.33 and a beta of 1.69. The firm has a fifty day moving average price of $119.42 and a 200-day moving average price of $109.61. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55.

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.