ORG Wealth Partners LLC Purchases New Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

ORG Wealth Partners LLC acquired a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 279 shares of the semiconductor company’s stock, valued at approximately $36,000.

Several other institutional investors have also added to or reduced their stakes in the business. Fulton Bank N.A. raised its stake in shares of MACOM Technology Solutions by 7.7% in the fourth quarter. Fulton Bank N.A. now owns 5,281 shares of the semiconductor company’s stock worth $686,000 after purchasing an additional 377 shares during the last quarter. Everence Capital Management Inc. bought a new stake in MACOM Technology Solutions in the 4th quarter worth about $201,000. GAMMA Investing LLC raised its position in MACOM Technology Solutions by 42.5% in the 4th quarter. GAMMA Investing LLC now owns 1,170 shares of the semiconductor company’s stock worth $152,000 after buying an additional 349 shares during the last quarter. Retirement Systems of Alabama lifted its stake in MACOM Technology Solutions by 2.6% during the 3rd quarter. Retirement Systems of Alabama now owns 99,555 shares of the semiconductor company’s stock valued at $11,076,000 after acquiring an additional 2,517 shares during the period. Finally, Tidal Investments LLC boosted its holdings in shares of MACOM Technology Solutions by 16.8% during the 3rd quarter. Tidal Investments LLC now owns 15,071 shares of the semiconductor company’s stock valued at $1,677,000 after acquiring an additional 2,169 shares during the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

MACOM Technology Solutions Trading Down 2.0 %

Shares of NASDAQ:MTSI opened at $132.88 on Friday. The stock has a 50 day moving average of $132.79 and a 200 day moving average of $116.20. The company has a market cap of $9.62 billion, a PE ratio of 129.01, a price-to-earnings-growth ratio of 2.43 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $79.25 and a 12-month high of $143.90. The company has a current ratio of 8.35, a quick ratio of 6.55 and a debt-to-equity ratio of 0.43.

Analyst Ratings Changes

MTSI has been the subject of several research reports. Northland Securities boosted their price objective on shares of 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 increased their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Benchmark lifted their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Piper Sandler upped their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, MACOM Technology Solutions has an average rating of “Moderate Buy” and a consensus price target of $128.00.

Insider Buying and Selling at MACOM Technology Solutions

In related news, CEO Stephen G. Daly sold 4,742 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $118.32, for a total transaction of $561,073.44. Following the completion of the sale, the chief executive officer now owns 65,577 shares in the company, valued at approximately $7,759,070.64. This trade represents a 6.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John Kober sold 2,671 shares of MACOM Technology Solutions stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $117.47, for a total value of $313,762.37. Following the sale, the chief financial officer now directly owns 47,221 shares in the company, valued at $5,547,050.87. This trade represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 227,212 shares of company stock valued at $28,778,424 over the last 90 days. 22.75% of the stock is currently owned by corporate insiders.

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.