Cerity Partners LLC Has $2.32 Million Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Cerity Partners LLC lifted its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 13.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,848 shares of the semiconductor company’s stock after buying an additional 2,398 shares during the period. Cerity Partners LLC’s holdings in MACOM Technology Solutions were worth $2,320,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Millennium Management LLC lifted its holdings in shares of MACOM Technology Solutions by 958.1% during the second quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock worth $149,214,000 after purchasing an additional 1,212,094 shares during the period. Hood River Capital Management LLC lifted its position in shares of MACOM Technology Solutions by 280.5% during the 2nd quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock valued at $78,568,000 after acquiring an additional 519,603 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of MACOM Technology Solutions by 52.2% during 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 in the last quarter. F M Investments LLC bought a new stake in shares of MACOM Technology Solutions during the second quarter valued at approximately $18,817,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of MACOM Technology Solutions during the third quarter worth about $11,005,000. Institutional investors own 76.14% of the company’s stock.

Insider Activity

In other news, SVP Donghyun Thomas Hwang sold 4,375 shares of MACOM Technology Solutions stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $104.57, for a total value of $457,493.75. Following the completion of the transaction, the senior vice president now owns 37,148 shares of the company’s stock, valued at $3,884,566.36. The trade was a 10.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan Ocampo sold 12,438 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $136.73, for a total transaction of $1,700,647.74. Following the sale, the director now directly owns 6,500,755 shares of the company’s stock, valued at $888,848,231.15. This trade represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 234,886 shares of company stock valued at $29,454,289. Company insiders own 22.75% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on MTSI. Benchmark raised their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Northland Securities increased 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 boosted 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 report on Friday, November 8th. Finally, Piper Sandler raised 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. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $125.91.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ:MTSI opened at $132.82 on Monday. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $79.25 and a 12 month high of $140.27. The company has a current ratio of 8.35, a quick ratio of 6.55 and a debt-to-equity ratio of 0.43. The company 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 price-to-earnings ratio of 128.95, a price-to-earnings-growth ratio of 2.33 and a beta of 1.69.

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.