MACOM Technology Solutions (NASDAQ:MTSI) Trading Down 15.3% – Time to Sell?

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) fell 15.3% during trading on Monday . The stock traded as low as $123.93 and last traded at $122.07. 349,609 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 590,952 shares. The stock had previously closed at $144.17.

Wall Street Analyst Weigh In

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

MACOM Technology Solutions Trading Up 1.3 %

The company has a market capitalization of $9.21 billion, a PE ratio of 120.31, a PEG ratio of 2.58 and a beta of 1.71. The company has a fifty day simple moving average of $136.22 and a 200-day simple moving average of $118.74. The company has a current ratio of 8.35, a quick ratio of 6.55 and a debt-to-equity ratio of 0.43.

Insider Activity at MACOM Technology Solutions

In related news, SVP Ambra R. Roth sold 1,366 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $139.07, for a total value of $189,969.62. Following the transaction, the senior vice president now directly owns 6,564 shares in the company, valued at approximately $912,855.48. This represents a 17.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan Ocampo sold 25,351 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $130.05, for a total value of $3,296,897.55. Following the sale, the director now directly owns 6,046,676 shares of the company’s stock, valued at approximately $786,370,213.80. This trade represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 219,799 shares of company stock valued at $27,903,589. 16.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. UMB Bank n.a. raised its stake in shares of MACOM Technology Solutions by 74.3% in the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 101 shares during the period. Empowered Funds LLC purchased a new stake in MACOM Technology Solutions in the fourth quarter valued at approximately $33,000. ORG Wealth Partners LLC purchased a new stake in MACOM Technology Solutions in the fourth quarter valued at approximately $36,000. Quarry LP acquired a new position in MACOM Technology Solutions during the third quarter worth $57,000. Finally, Blue Trust Inc. grew its stake in shares of MACOM Technology Solutions by 122.2% in the fourth quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 264 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

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.