MACOM Technology Solutions Holdings (NasdaqGS:MTSI) is witnessing a significant uptick in its average one-year price target, now soaring to $97.36 per share. This revision reflects a robust 5.07% increase from the earlier projection of $92.66, dated January 16, 2024. An average derived from multiple analyst forecasts, the latest targets span a spectrum from $75.75 to a high-flying $110.25 per share. This surge suggests a striking 12.52% rise from the most recent closing at $86.53 per share.
Charting the Fund Sentiment
A total of 680 funds or institutions are eyeing MACOM Technology Solutions Holdings with keen interest, signaling a 4.62% surge in ownership over the last quarter – or 30 new owners to be precise. The average portfolio weight of all funds focused on MTSI spiked by 10.23% to 0.34%. The institutions collectively bolstered their stake in the company by 4.14% in the last three months, bringing the total shares owned to an impressive 73,450K. The current put/call ratio stands at 2.02, pointing to a somewhat bearish outlook.
A Look at Shareholder Activities
T. Rowe Price Investment Management, a significant player, now holds 2,900K shares in MTSI, representing 4.02% ownership post-hike. The firm notched up its share count by 1.03% from its previous holding of 2,870K shares, indicating a positive trajectory. Over the last quarter, T. Rowe Price Investment Management escalated its portfolio allocation in MTSI by a sizable 5.89%.
Invesco, on the other hand, now holds 2,686K MTSI shares, equating to a 3.73% ownership of the company. The firm witnessed a substantial 21.59% increase in share ownership from its last filing where it held 2,106K shares. However, Invesco opted to slash its portfolio allocation in MTSI by a staggering 88.30% over the last quarter.
Alliancebernstein’s stake in MTSI is at 2,631K shares, representing 3.65% ownership – a reduction from its prior holding of 2,842K shares, marking an 8.01% decrease. The firm tapered its portfolio allocation in MTSI by 4.57% over the last quarter.
FSELX – Semiconductors Portfolio remains consistent with 2,078K shares held, constituting 2.88% ownership of MTSI, showing no change over the last quarter.
Jpmorgan Chase is also in the game with 1,978K shares, underpinning a 2.74% ownership of the company. In comparison to its last filing of 2,022K shares, Jpmorgan Chase witnessed a 2.21% decrease in share count. This move signals a 2.93% decrease in portfolio allocation in MTSI over the last quarter.
MACOM Technology Solutions Holdings: A Glimpse Into the Past
(Drawing from the company’s provided description.)
MACOM is a trailblazer in designing and manufacturing semiconductor products for Data Center, Telecommunication, Industrial, and Defense sectors. With its headquarters nestled in Lowell, Massachusetts, MACOM boasts design centers and sales offices sprawled across North America, Europe, and Asia. The company proudly holds certifications for both the ISO9001 international quality standard and ISO14001 environmental management standard.
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