Victory Capital Management Inc. Sells 49,049 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Victory Capital Management Inc. lowered its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 14.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 299,508 shares of the semiconductor company’s stock after selling 49,049 shares during the quarter. Victory Capital Management Inc.’s holdings in MACOM Technology Solutions were worth $33,323,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Opal Wealth Advisors LLC acquired a new stake in shares of MACOM Technology Solutions in the 2nd quarter valued at about $39,000. GAMMA Investing LLC lifted its position in MACOM Technology Solutions by 153.0% during the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock worth $52,000 after buying an additional 283 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of MACOM Technology Solutions during the 3rd quarter worth about $66,000. FSC Wealth Advisors LLC acquired a new stake in shares of MACOM Technology Solutions in the second quarter valued at about $78,000. Finally, Farther Finance Advisors LLC raised its holdings in MACOM Technology Solutions by 303.5% during the third quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company’s stock worth $102,000 after acquiring an additional 692 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at MACOM Technology Solutions

In related news, SVP Robert Dennehy sold 6,915 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $101.38, for a total value of $701,042.70. Following the transaction, the senior vice president now directly owns 19,481 shares in the company, valued at approximately $1,974,983.78. This represents a 26.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan Ocampo sold 105,782 shares of MACOM Technology Solutions stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $123.67, for a total transaction of $13,082,059.94. Following the completion of the sale, the director now owns 5,914,008 shares of the company’s stock, valued at $731,385,369.36. This trade represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 400,891 shares of company stock worth $45,266,113. Company insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Stock Down 3.0 %

MACOM Technology Solutions stock opened at $123.00 on Friday. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $79.25 and a twelve month high of $140.27. The stock has a market cap of $8.91 billion, a P/E ratio of 119.42, a P/E/G ratio of 2.42 and a beta of 1.69. The company’s 50-day moving average price is $113.44 and its two-hundred day moving average price is $107.58. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43.

Analysts Set New Price Targets

A number of research firms have weighed in on MTSI. JPMorgan Chase & Co. raised their price target on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Northland Securities raised their target price on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. 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. Piper Sandler lifted 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, Benchmark boosted 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 note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, MACOM Technology Solutions has a consensus rating of “Moderate Buy” and an average target price 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.