Commerce Bank Has $915,000 Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Commerce Bank lowered its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 2.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 8,225 shares of the semiconductor company’s stock after selling 210 shares during the period. Commerce Bank’s holdings in MACOM Technology Solutions were worth $915,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co lifted its holdings in MACOM Technology Solutions by 1.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 31,011 shares of the semiconductor company’s stock valued at $2,963,000 after buying an additional 438 shares during the period. Price T Rowe Associates Inc. MD boosted its position 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 purchasing an additional 154,066 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in MACOM Technology Solutions by 15.4% during the first quarter. Public Employees Retirement Association of Colorado now owns 117,752 shares of the semiconductor company’s stock worth $11,262,000 after purchasing an additional 15,723 shares during the period. Silvercrest Asset Management Group LLC increased its holdings in MACOM Technology Solutions by 7.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 240,112 shares of the semiconductor company’s stock worth $22,964,000 after purchasing an additional 15,775 shares in the last quarter. Finally, Tidal Investments LLC lifted its stake in MACOM Technology Solutions by 175.1% in the first quarter. Tidal Investments LLC now owns 11,032 shares of the semiconductor company’s stock valued at $1,055,000 after buying an additional 7,022 shares during the period. 76.14% of the stock is owned by institutional investors.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock opened at $134.50 on Monday. 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 firm has a market cap of $9.74 billion, a price-to-earnings ratio of 130.58, a P/E/G ratio of 2.31 and a beta of 1.69. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $79.25 and a 52 week high of $140.27. The firm’s 50-day simple moving average is $116.33 and its two-hundred day simple moving average is $108.57.

Insiders Place Their Bets

In other news, CFO John Kober sold 19,470 shares of MACOM Technology Solutions stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $126.88, for a total value of $2,470,353.60. Following the completion of the transaction, the chief financial officer now directly owns 51,489 shares in the company, valued at approximately $6,532,924.32. The trade was a 27.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert Dennehy sold 2,539 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $120.80, for a total value of $306,711.20. Following the sale, the senior vice president now owns 31,206 shares in the company, valued at approximately $3,769,684.80. The trade was a 7.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 273,268 shares of company stock valued at $32,128,941 over the last ninety days. 22.75% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Benchmark raised their price objective 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. JPMorgan Chase & Co. increased their price target on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Needham & Company LLC boosted their price objective on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Northland Securities increased 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. 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 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $125.91.

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.