MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Bought by Fulton Bank N.A.

Fulton Bank N.A. lifted its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,281 shares of the semiconductor company’s stock after purchasing an additional 377 shares during the period. Fulton Bank N.A.’s holdings in MACOM Technology Solutions were worth $686,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MTSI. Quarry LP acquired a new stake in shares of MACOM Technology Solutions in the third quarter valued at approximately $57,000. Allspring Global Investments Holdings LLC purchased a new position in shares of MACOM Technology Solutions in the 3rd quarter valued at about $66,000. GAMMA Investing LLC grew its holdings in shares of MACOM Technology Solutions by 75.4% in the 3rd quarter. GAMMA Investing LLC now owns 821 shares of the semiconductor company’s stock worth $91,000 after acquiring an additional 353 shares during the period. Farther Finance Advisors LLC grew its holdings in MACOM Technology Solutions by 303.5% in the third quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company’s stock valued at $102,000 after purchasing an additional 692 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in MACOM Technology Solutions during the 3rd quarter valued at about $111,000. 76.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, CFO John Kober sold 2,671 shares of the stock in a transaction on Tuesday, October 29th. The stock was 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 of the company’s stock, valued at $5,547,050.87. This trade represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 directly owns 65,577 shares in the company, valued at approximately $7,759,070.64. This trade represents a 6.74 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 227,212 shares of company stock valued at $28,778,424. Insiders own 22.75% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Northland Securities raised their price target 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. Benchmark upped their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barclays raised their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Finally, Piper Sandler lifted their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, MACOM Technology Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $128.00.

MACOM Technology Solutions Trading Up 0.1 %

MTSI opened at $135.55 on Friday. The stock has a market capitalization of $9.81 billion, a PE ratio of 131.60, a P/E/G ratio of 2.43 and a beta of 1.71. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $79.25 and a 12-month high of $143.90. The firm’s fifty day moving average price is $132.79 and its 200 day moving average price is $116.20.

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.