Avior Wealth Management LLC Cuts Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Avior Wealth Management LLC trimmed its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 21.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,751 shares of the semiconductor company’s stock after selling 1,051 shares during the period. Avior Wealth Management LLC’s holdings in MACOM Technology Solutions were worth $487,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. boosted its stake in MACOM Technology Solutions by 46.2% during the 3rd quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company’s stock valued at $7,672,000 after purchasing an additional 21,786 shares during the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of MACOM Technology Solutions by 21.0% in the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after acquiring an additional 210,151 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of MACOM Technology Solutions by 18.4% in the third quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock worth $82,945,000 after acquiring an additional 116,090 shares during the period. Algert Global LLC grew its holdings in shares of MACOM Technology Solutions by 103.6% in the third quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company’s stock worth $1,315,000 after acquiring an additional 6,015 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of MACOM Technology Solutions in the third quarter worth $11,005,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

MACOM Technology Solutions Price Performance

Shares of MACOM Technology Solutions stock opened at $144.17 on Monday. The stock’s 50-day simple moving average is $136.26 and its 200-day simple moving average is $118.60. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $79.25 and a 52 week high of $152.50. The company has a market capitalization of $10.72 billion, a price-to-earnings ratio of 139.97, a PEG ratio of 2.58 and a beta of 1.71. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43.

Wall Street Analyst Weigh In

MTSI has been the subject of several research analyst reports. 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. Barclays lifted 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. Piper Sandler lifted their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Northland Securities boosted their price target on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a report on Monday, November 11th. 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 an average rating of “Moderate Buy” and a consensus price target of $128.00.

Insider Activity

In other news, CEO Stephen G. Daly sold 7,122 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $112.53, for a total value of $801,438.66. Following the transaction, the chief executive officer now directly owns 55,826 shares in the company, valued at $6,282,099.78. The trade was a 11.31 % 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, CFO John Kober sold 2,671 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $117.47, for a total value of $313,762.37. Following the completion of the sale, the chief financial officer now owns 47,221 shares in the company, valued at $5,547,050.87. This represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 222,470 shares of company stock worth $28,217,351 over the last ninety days. Corporate insiders own 16.30% of the company’s stock.

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.