John Kober Sells 2,671 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CFO John Kober sold 2,671 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $117.47, for a total value of $313,762.37. Following the transaction, the chief financial officer now owns 47,221 shares in the company, valued at $5,547,050.87. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ:MTSI traded up $2.04 on Tuesday, hitting $119.58. The company’s stock had a trading volume of 278,017 shares, compared to its average volume of 564,909. The company has a market capitalization of $8.63 billion, a price-to-earnings ratio of 122.02, a price-to-earnings-growth ratio of 4.63 and a beta of 1.70. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.33 and a current ratio of 8.18. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $68.58 and a 12 month high of $122.60. The stock’s 50-day moving average is $108.16 and its two-hundred day moving average is $105.30.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.66. MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. The firm had revenue of $190.50 million during the quarter, compared to analyst estimates of $190.42 million. During the same quarter in the prior year, the firm posted $0.42 EPS. MACOM Technology Solutions’s revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 1.89 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of MACOM Technology Solutions by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock valued at $592,395,000 after purchasing an additional 465,759 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in MACOM Technology Solutions by 12.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company’s stock valued at $132,821,000 after purchasing an additional 154,066 shares during the last quarter. Millennium Management LLC boosted its holdings in MACOM Technology Solutions by 958.1% during the second quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock worth $149,214,000 after buying an additional 1,212,094 shares in the last quarter. Dimensional Fund Advisors LP grew its position in MACOM Technology Solutions by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 993,316 shares of the semiconductor company’s stock worth $110,722,000 after buying an additional 69,689 shares during the last quarter. Finally, Hood River Capital Management LLC increased its holdings in shares of MACOM Technology Solutions by 280.5% in the second quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock valued at $78,568,000 after buying an additional 519,603 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MTSI shares. JPMorgan Chase & Co. raised their price target on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Needham & Company LLC raised their target price on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Benchmark reaffirmed a “buy” rating and set a $120.00 target price on shares of MACOM Technology Solutions in a report on Thursday, September 12th. Stifel Nicolaus raised their price target on MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Barclays upped their price objective on MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $120.00.

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.