Segall Bryant & Hamill LLC Decreases Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Segall Bryant & Hamill LLC lessened its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,167 shares of the semiconductor company’s stock after selling 4,218 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in MACOM Technology Solutions were worth $11,478,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MTSI. Opal Wealth Advisors LLC bought a new position in shares of MACOM Technology Solutions during the 2nd quarter valued at approximately $39,000. GAMMA Investing LLC raised its stake in MACOM Technology Solutions by 153.0% during the second quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 283 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in MACOM Technology Solutions during the third quarter valued at $66,000. FSC Wealth Advisors LLC purchased a new position in shares of MACOM Technology Solutions in the 2nd quarter worth $78,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of MACOM Technology Solutions by 303.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company’s stock worth $102,000 after buying an additional 692 shares during the last quarter. Institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Price Performance

MACOM Technology Solutions stock opened at $127.56 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55. The stock has a market cap of $9.24 billion, a price-to-earnings ratio of 123.84, a price-to-earnings-growth ratio of 2.16 and a beta of 1.69. The firm has a 50-day moving average of $115.07 and a two-hundred day moving average of $108.11. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $79.25 and a 1 year high of $140.27.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 70,000 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $106.26, for a total transaction of $7,438,200.00. Following the completion of the sale, the director now directly owns 6,826,685 shares of the company’s stock, valued at approximately $725,403,548.10. This represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 4,375 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $104.57, for a total transaction of $457,493.75. Following the completion of the sale, the senior vice president now owns 37,148 shares of the company’s stock, valued at approximately $3,884,566.36. This trade represents a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 302,269 shares of company stock worth $34,810,966. Company insiders own 22.75% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on MTSI. Benchmark lifted their price target on 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 target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Needham & Company LLC raised their price target on MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Piper Sandler boosted their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. increased their target price on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Three 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.91.

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.