95,947 Shares in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Acquired by Mesirow Institutional Investment Management Inc.

Mesirow Institutional Investment Management Inc. purchased a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 95,947 shares of the semiconductor company's stock, valued at approximately $8,918,000. Mesirow Institutional Investment Management Inc. owned approximately 0.13% of MACOM Technology Solutions at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. RiverPark Advisors LLC purchased a new position in shares of MACOM Technology Solutions in the 3rd quarter valued at about $58,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of MACOM Technology Solutions during the 4th quarter worth approximately $69,000. Headlands Technologies LLC acquired a new stake in shares of MACOM Technology Solutions in the 3rd quarter worth approximately $144,000. International Assets Investment Management LLC purchased a new position in MACOM Technology Solutions in the 4th quarter valued at approximately $156,000. Finally, EP Wealth Advisors LLC acquired a new position in MACOM Technology Solutions during the third quarter worth $208,000. Institutional investors and hedge funds own 76.14% of the company's stock.

MACOM Technology Solutions Trading Up 0.5 %

NASDAQ:MTSI traded up $0.55 during mid-day trading on Friday, reaching $101.94. The company's stock had a trading volume of 607,664 shares, compared to its average volume of 600,320. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $54.52 and a twelve month high of $107.00. The company's fifty day simple moving average is $97.57 and its two-hundred day simple moving average is $89.21. The company has a debt-to-equity ratio of 0.47, a current ratio of 7.34 and a quick ratio of 5.70. The stock has a market cap of $7.35 billion, a P/E ratio of 115.84, a P/E/G ratio of 8.20 and a beta of 1.65.

Insider Buying and Selling

In related news, SVP Donghyun Thomas Hwang sold 7,000 shares of the company's stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $102.65, for a total transaction of $718,550.00. Following the completion of the transaction, the senior vice president now owns 41,325 shares of the company's stock, valued at $4,242,011.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 7,000 shares of the business's stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $102.65, for a total transaction of $718,550.00. Following the completion of the sale, the senior vice president now owns 41,325 shares of the company's stock, valued at $4,242,011.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO John Kober sold 13,666 shares of the firm's stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $102.98, for a total value of $1,407,324.68. Following the completion of the transaction, the chief financial officer now owns 47,006 shares in the company, valued at $4,840,677.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 621,605 shares of company stock valued at $55,190,975. Insiders own 22.75% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MTSI shares. Needham & Company LLC upped their target price on MACOM Technology Solutions from $100.00 to $110.00 and gave the company a "buy" rating in a report on Friday, May 3rd. TheStreet cut shares of MACOM Technology Solutions from a "b" rating to a "c+" rating in a research note on Thursday, February 1st. Benchmark lifted their target price on shares of MACOM Technology Solutions from $95.00 to $115.00 and gave the stock a "buy" rating in a research report on Monday, May 6th. Evercore ISI assumed coverage on MACOM Technology Solutions in a research note on Tuesday, April 16th. They issued an "outperform" rating and a $120.00 target price on the stock. Finally, Craig Hallum raised their price target on MACOM Technology Solutions from $95.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $108.33.

MACOM Technology Solutions 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.