Chartwell Investment Partners LLC Grows Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Chartwell Investment Partners LLC raised its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,014 shares of the semiconductor company’s stock after buying an additional 199 shares during the period. Chartwell Investment Partners LLC’s holdings in MACOM Technology Solutions were worth $2,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. CWM LLC boosted its position in MACOM Technology Solutions by 7.3% in the 2nd quarter. CWM LLC now owns 1,451 shares of the semiconductor company’s stock valued at $162,000 after buying an additional 99 shares during the period. EP Wealth Advisors LLC lifted its position in shares of MACOM Technology Solutions by 4.3% in the 2nd quarter. EP Wealth Advisors LLC now owns 2,602 shares of the semiconductor company’s stock worth $290,000 after purchasing an additional 107 shares during the period. Verdence Capital Advisors LLC lifted its position in shares of MACOM Technology Solutions by 6.1% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,371 shares of the semiconductor company’s stock worth $264,000 after purchasing an additional 137 shares during the period. TD Asset Management Inc lifted its position in shares of MACOM Technology Solutions by 0.6% in the 2nd quarter. TD Asset Management Inc now owns 39,244 shares of the semiconductor company’s stock worth $4,375,000 after purchasing an additional 244 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of MACOM Technology Solutions by 2.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,470 shares of the semiconductor company’s stock worth $1,390,000 after purchasing an additional 273 shares during the period. 76.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MTSI has been the subject of several research reports. JPMorgan Chase & Co. upped their price target on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Piper Sandler upped their price target 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. Needham & Company LLC upped their price target on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Barclays increased their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Finally, Benchmark increased their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company 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 305,395 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $106.48, for a total value of $32,518,459.60. Following the sale, the director now owns 6,550,889 shares in the company, valued at $697,538,660.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Donghyun Thomas Hwang sold 1,500 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $118.38, for a total value of $177,570.00. Following the sale, the senior vice president now owns 37,102 shares in the company, valued at $4,392,134.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan Ocampo sold 305,395 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $106.48, for a total transaction of $32,518,459.60. Following the completion of the sale, the director now owns 6,550,889 shares in the company, valued at $697,538,660.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 575,153 shares of company stock worth $61,405,615. 22.75% of the stock is owned by corporate insiders.

MACOM Technology Solutions Trading Down 2.0 %

Shares of MACOM Technology Solutions stock opened at $131.86 on Wednesday. The company has a current ratio of 8.35, a quick ratio of 6.33 and a debt-to-equity ratio of 0.43. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $75.15 and a 12-month high of $140.27. The firm has a market capitalization of $9.52 billion, a price-to-earnings ratio of 128.02, a PEG ratio of 5.25 and a beta of 1.69. The firm’s 50 day simple moving average is $111.77 and its two-hundred day simple moving average is $107.13.

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.