ORG Wealth Partners LLC Invests $36,000 in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

ORG Wealth Partners LLC purchased a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the fourth quarter, HoldingsChannel reports. The fund purchased 279 shares of the semiconductor company’s stock, valued at approximately $36,000.

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

MACOM Technology Solutions Stock Down 2.0 %

NASDAQ:MTSI opened at $132.88 on Friday. The company’s 50-day simple moving average is $132.79 and its 200-day simple moving average is $116.20. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.55 and a current ratio of 8.35. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $79.25 and a fifty-two week high of $143.90. The stock has a market capitalization of $9.62 billion, a P/E ratio of 129.01, a P/E/G ratio of 2.43 and a beta of 1.71.

Analyst Ratings Changes

A number of brokerages recently issued reports on MTSI. Barclays boosted their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Piper Sandler increased their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Benchmark raised their price target 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. Finally, Northland Securities upped their price objective on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $128.00.

Insiders Place Their Bets

In other news, CEO Stephen G. Daly sold 4,742 shares of MACOM Technology Solutions stock in a transaction on Monday, October 28th. The shares were 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. The trade was a 6.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO John Kober sold 2,250 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total transaction of $292,702.50. Following the sale, the chief financial officer now directly owns 49,239 shares in the company, valued at $6,405,501.51. This trade represents a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 227,212 shares of company stock valued at $28,778,424. 22.75% of the stock is currently owned by insiders.

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.