US Bancorp DE Has $151,000 Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

US Bancorp DE cut its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 49.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,361 shares of the semiconductor company’s stock after selling 1,343 shares during the quarter. US Bancorp DE’s holdings in MACOM Technology Solutions were worth $151,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted 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 worth $592,395,000 after purchasing an additional 465,759 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 valued at $132,821,000 after buying an additional 154,066 shares during the period. Millennium Management LLC boosted its stake in shares of MACOM Technology Solutions by 958.1% during the 2nd quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock valued at $149,214,000 after buying an additional 1,212,094 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of MACOM Technology Solutions by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 993,316 shares of the semiconductor company’s stock valued at $110,722,000 after acquiring an additional 69,689 shares in the last quarter. Finally, Hood River Capital Management LLC increased its stake in shares of MACOM Technology Solutions by 280.5% in the second quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock worth $78,568,000 after acquiring an additional 519,603 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MTSI shares. Needham & Company LLC lifted their price target on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Benchmark increased their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barclays boosted their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. increased their price objective on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, Northland Securities boosted their target price on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, MACOM Technology Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $125.91.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 25,351 shares of the business’s stock in a transaction dated 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 sale, the director now owns 6,046,676 shares of the company’s stock, valued at $786,370,213.80. The trade was a 0.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Donghyun Thomas Hwang sold 4,375 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $104.57, for a total value of $457,493.75. Following the sale, the senior vice president now directly owns 37,148 shares in the company, valued at $3,884,566.36. This represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 400,891 shares of company stock worth $45,266,113 over the last quarter. 22.75% of the stock is currently owned by insiders.

MACOM Technology Solutions Stock Down 3.0 %

Shares of MTSI stock opened at $123.00 on Friday. The firm’s fifty day moving average price is $113.44 and its two-hundred day moving average price is $107.54. The company has a current ratio of 8.35, a quick ratio of 6.55 and a debt-to-equity ratio of 0.43. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $79.25 and a 1 year high of $140.27. The firm has a market capitalization of $8.91 billion, a P/E ratio of 119.42, a PEG ratio of 2.42 and a beta of 1.69.

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.