MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Sells $5,737,645.55 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 45,773 shares of MACOM Technology Solutions stock in a transaction on Monday, February 10th. The shares were sold at an average price of $125.35, for a total value of $5,737,645.55. Following the transaction, the director now directly owns 5,509,746 shares of the company’s stock, valued at approximately $690,646,661.10. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Susan Ocampo also recently made the following trade(s):

• On Monday, November 25th, Susan Ocampo sold 12,438 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $136.73, for a total value of $1,700,647.74.
• On Friday, November 22nd, Susan Ocampo sold 40,192 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $133.40, for a total value of $5,361,612.80.
• On Monday, November 18th, Susan Ocampo sold 1,789 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $125.00, for a total value of $223,625.00.
• On Friday, November 15th, Susan Ocampo sold 105,782 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $123.67, for a total value of $13,082,059.94.

MACOM Technology Solutions Price Performance

Shares of MTSI stock opened at $123.12 on Friday. The stock has a 50-day moving average price of $134.27 and a 200 day moving average price of $120.56. The company has a quick ratio of 6.55, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of -85.50, a PEG ratio of 2.27 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $82.36 and a 12 month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. Research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.71 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on MTSI. Barclays lifted their price objective 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 raised their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Northland Securities upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and raised their target price for the company from $105.00 to $140.00 in a research note on Monday, February 10th. Northland Capmk upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Benchmark restated a “buy” rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.50.

Hedge Funds Weigh In On MACOM Technology Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTSI. GAMMA Investing LLC boosted its holdings in MACOM Technology Solutions by 75.4% during the third quarter. GAMMA Investing LLC now owns 821 shares of the semiconductor company’s stock worth $91,000 after buying an additional 353 shares during the last quarter. CWM LLC lifted its holdings in shares of MACOM Technology Solutions by 16.4% during the 3rd quarter. CWM LLC now owns 1,689 shares of the semiconductor company’s stock valued at $188,000 after purchasing an additional 238 shares in the last quarter. Creative Planning lifted its holdings in shares of MACOM Technology Solutions by 11.3% during the 3rd quarter. Creative Planning now owns 10,421 shares of the semiconductor company’s stock valued at $1,159,000 after purchasing an additional 1,059 shares in the last quarter. nVerses Capital LLC bought a new position in shares of MACOM Technology Solutions during the 3rd quarter valued at about $367,000. Finally, Raymond James & Associates lifted its holdings in shares of MACOM Technology Solutions by 5.2% during the 3rd quarter. Raymond James & Associates now owns 38,917 shares of the semiconductor company’s stock valued at $4,330,000 after purchasing an additional 1,924 shares in the last quarter. Institutional investors 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.