Cinctive Capital Management LP Purchases 78,116 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Cinctive Capital Management LP grew its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 744.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88,608 shares of the semiconductor company’s stock after buying an additional 78,116 shares during the quarter. Cinctive Capital Management LP’s holdings in MACOM Technology Solutions were worth $9,859,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MTSI. Millennium Management LLC increased its position in shares of MACOM Technology Solutions by 958.1% during the 2nd quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock valued at $149,214,000 after purchasing an additional 1,212,094 shares during the last quarter. Hood River Capital Management LLC grew its position in 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 valued at $78,568,000 after buying an additional 519,603 shares during the period. Westfield Capital Management Co. LP grew its position in shares of MACOM Technology Solutions by 21.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock valued at $134,686,000 after acquiring an additional 210,151 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of MACOM Technology Solutions by 52.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company’s stock worth $59,037,000 after purchasing an additional 182,058 shares during the period. Finally, F M Investments LLC bought a new position in MACOM Technology Solutions during the second quarter valued at $18,817,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MTSI shares. Northland Securities raised their target price on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th. Barclays upped their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Benchmark lifted their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Piper Sandler raised their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $125.91.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 4,375 shares of the 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 transaction, the senior vice president now directly owns 37,148 shares in the company, valued at $3,884,566.36. This trade represents a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan Ocampo sold 12,438 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $136.73, for a total transaction of $1,700,647.74. Following the completion of the sale, the director now owns 6,500,755 shares of the company’s stock, valued at approximately $888,848,231.15. The trade was a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 234,886 shares of company stock valued at $29,454,289 in the last quarter. Insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Stock Performance

Shares of MTSI opened at $132.82 on Monday. The stock has a 50-day moving average price of $119.42 and a 200-day moving average price of $109.61. The company has a market cap of $9.62 billion, a PE ratio of 128.95, a price-to-earnings-growth ratio of 2.33 and a beta of 1.69. The company has a current ratio of 8.35, a quick ratio of 6.55 and a debt-to-equity ratio of 0.43. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $79.25 and a 12-month high of $140.27.

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.