Retirement Systems of Alabama Grows Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Retirement Systems of Alabama increased its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 2.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 99,555 shares of the semiconductor company’s stock after buying an additional 2,517 shares during the period. Retirement Systems of Alabama owned 0.14% of MACOM Technology Solutions worth $11,076,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. EP Wealth Advisors LLC increased its holdings in shares of MACOM Technology Solutions by 4.3% in the 2nd quarter. EP Wealth Advisors LLC now owns 2,602 shares of the semiconductor company’s stock worth $290,000 after buying an additional 107 shares during the last quarter. Verdence Capital Advisors LLC raised its position in MACOM Technology Solutions by 6.1% during the third quarter. Verdence Capital Advisors LLC now owns 2,371 shares of the semiconductor company’s stock valued at $264,000 after purchasing an additional 137 shares in the last quarter. Avior Wealth Management LLC lifted its stake in MACOM Technology Solutions by 3.4% during the third quarter. Avior Wealth Management LLC now owns 4,802 shares of the semiconductor company’s stock worth $534,000 after purchasing an additional 157 shares during the last quarter. Chartwell Investment Partners LLC boosted its holdings in shares of MACOM Technology Solutions by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 25,014 shares of the semiconductor company’s stock worth $2,783,000 after purchasing an additional 199 shares in the last quarter. Finally, CWM LLC increased its position in shares of MACOM Technology Solutions by 16.4% during the 3rd quarter. CWM LLC now owns 1,689 shares of the semiconductor company’s stock valued at $188,000 after purchasing an additional 238 shares during the last quarter. Institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Price Performance

MTSI opened at $140.92 on Tuesday. The stock’s 50 day moving average price is $125.93 and its 200-day moving average price is $112.49. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $79.25 and a 52-week high of $143.90. The stock has a market capitalization of $10.20 billion, a PE ratio of 136.82, a price-to-earnings-growth ratio of 2.42 and a beta of 1.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.55 and a current ratio of 8.35.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Northland Securities boosted 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. Benchmark boosted their price objective on shares of 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 target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, Piper Sandler upped their price target 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 equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $128.00.

Insider Buying and Selling at MACOM Technology Solutions

In related news, CEO Stephen G. Daly sold 4,742 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $118.32, for a total transaction of $561,073.44. Following the transaction, the chief executive officer now owns 65,577 shares in the company, valued at $7,759,070.64. The trade was a 6.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ambra R. Roth sold 1,366 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $139.07, for a total transaction of $189,969.62. Following the completion of the sale, the senior vice president now owns 6,564 shares of the company’s stock, valued at $912,855.48. This trade represents a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 224,962 shares of company stock valued at $28,485,722. 22.75% of the stock is currently owned by company insiders.

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.