New York Life Investment Management LLC Invests $1.03 Million in MACOM Technology Solutions Holdings, Inc. $MTSI
New York Life Investment Management LLC has initiated a new position in MACOM Technology Solutions Holdings, Inc. ($MTSI), acquiring 6,030 shares valued at approximately $1.03 million during the fourth quarter. This comes amidst significant insider selling totaling $103.7 million over the past 90 days, with insiders now owning only 0.36% of the company. Despite insider sales, analysts maintain a "Moderate Buy" consensus rating with an average price target of $316.82, following better-than-expected earnings of $1.09 EPS and $288.96 million in revenue.