SeaCrest Wealth Management LLC Buys Shares of 795 MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

SeaCrest Wealth Management LLC bought a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSIGet Rating) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 795 shares of the semiconductor company’s stock, valued at approximately $37,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versor Investments LP purchased a new stake in MACOM Technology Solutions in the second quarter valued at approximately $534,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in MACOM Technology Solutions in the first quarter valued at approximately $3,969,000. Moody Aldrich Partners LLC raised its position in MACOM Technology Solutions by 11.9% in the first quarter. Moody Aldrich Partners LLC now owns 133,363 shares of the semiconductor company’s stock valued at $7,984,000 after purchasing an additional 14,227 shares during the period. US Bancorp DE raised its position in MACOM Technology Solutions by 3.8% in the second quarter. US Bancorp DE now owns 24,995 shares of the semiconductor company’s stock valued at $1,152,000 after purchasing an additional 917 shares during the period. Finally, Beacon Harbor Wealth Advisors Inc. purchased a new stake in shares of MACOM Technology Solutions during the first quarter worth $4,466,000. Hedge funds and other institutional investors own 72.30% of the company’s stock.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Robert Dennehy sold 2,000 shares of the company’s stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $55.01, for a total value of $110,020.00. Following the completion of the transaction, the senior vice president now owns 88,650 shares in the company, valued at $4,876,636.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other MACOM Technology Solutions news, SVP Robert Dennehy sold 2,000 shares of the company’s stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $55.01, for a total value of $110,020.00. Following the completion of the transaction, the senior vice president now owns 88,650 shares in the company, valued at $4,876,636.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ambra R. Roth sold 1,520 shares of the company’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $57.83, for a total transaction of $87,901.60. Following the completion of the transaction, the senior vice president now owns 22,005 shares of the company’s stock, valued at approximately $1,272,549.15. The disclosure for this sale can be found here. Insiders sold 455,443 shares of company stock worth $30,638,198 over the last 90 days. Corporate insiders own 28.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MTSI. Northland Securities cut their price objective on MACOM Technology Solutions from $75.00 to $70.00 in a research report on Friday, July 29th. Cowen upped their price objective on MACOM Technology Solutions from $55.00 to $68.00 in a research report on Friday, July 29th. Benchmark lowered MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research report on Monday, November 7th. Piper Sandler upped their price objective on MACOM Technology Solutions from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, August 19th. Finally, Cowen upped their price objective on MACOM Technology Solutions from $55.00 to $68.00 in a research report on Friday, July 29th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $72.09.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock opened at $68.27 on Tuesday. The company has a current ratio of 8.36, a quick ratio of 7.18 and a debt-to-equity ratio of 0.71. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $42.85 and a 12 month high of $80.30. The company has a market cap of $4.82 billion, a P/E ratio of 11.05, a PEG ratio of 1.77 and a beta of 1.92. The firm has a fifty day moving average price of $57.97 and a 200 day moving average price of $54.73.

About MACOM Technology Solutions

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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, Taiwan, Japan, Singapore, Thailand, South Korea, Australia, Malaysia, and internationally.

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Institutional Ownership by Quarter for MACOM Technology Solutions (NASDAQ:MTSI)

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