RiverPark Advisors LLC Has $384,000 Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

RiverPark Advisors LLC lessened its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 28.5% in the third quarter, HoldingsChannel reports. The firm owned 3,449 shares of the semiconductor company’s stock after selling 1,378 shares during the period. RiverPark Advisors LLC’s holdings in MACOM Technology Solutions were worth $384,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MTSI. Millennium Management LLC grew its holdings in shares of 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 in the last quarter. Hood River Capital Management LLC increased its stake 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 worth $78,568,000 after purchasing an additional 519,603 shares during the period. Vanguard Group Inc. increased its stake in MACOM Technology Solutions by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock worth $592,395,000 after acquiring an additional 465,759 shares during the period. F M Investments LLC bought a new position in MACOM Technology Solutions during the 2nd quarter worth $18,817,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of MACOM Technology Solutions by 12.5% in 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 during the last quarter. Institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Trading Down 3.0 %

Shares of MTSI stock opened at $123.00 on Friday. The business’s fifty day moving average is $113.44 and its 200 day moving average is $107.58. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $79.25 and a 52-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 company has a market capitalization of $8.91 billion, a PE ratio of 119.42, a price-to-earnings-growth ratio of 2.16 and a beta of 1.69.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MTSI shares. Northland Securities raised their price objective on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a report on Monday, November 11th. Barclays boosted their price objective 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. Needham & Company LLC boosted their target price on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Piper Sandler increased their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Benchmark increased their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MACOM Technology Solutions has an average rating of “Moderate Buy” and an average target price of $125.91.

Insider Buying and Selling at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 51,010 shares of MACOM Technology Solutions stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $107.02, for a total value of $5,459,090.20. Following the transaction, the director now owns 6,194,746 shares in the company, valued at approximately $662,961,716.92. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert Dennehy sold 6,683 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $106.78, for a total value of $713,610.74. Following the completion of the sale, the senior vice president now directly owns 26,396 shares in the company, valued at $2,818,564.88. The trade was a 20.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 400,891 shares of company stock worth $45,266,113 over the last 90 days. Corporate insiders own 22.75% of the company’s stock.

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.