MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Geoffrey G. Ribar Sells 6,656 Shares of Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Geoffrey G. Ribar sold 6,656 shares of MACOM Technology Solutions stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total transaction of $809,436.16. Following the completion of the transaction, the director now directly owns 14,031 shares in the company, valued at $1,706,309.91. This trade represents a 32.17 % 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 this link.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ:MTSI opened at $123.12 on Friday. The firm’s fifty day moving average is $134.27 and its 200-day moving average is $120.56. The company has a current ratio of 3.61, a quick ratio of 6.55 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $82.36 and a 52 week high of $152.50.

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

Hedge Funds Weigh In On MACOM Technology Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of MTSI. CWM LLC lifted its holdings in MACOM Technology Solutions by 16.4% in the third quarter. CWM LLC now owns 1,689 shares of the semiconductor company’s stock valued at $188,000 after buying an additional 238 shares during the period. Creative Planning lifted its holdings in MACOM Technology Solutions by 11.3% in the third quarter. Creative Planning now owns 10,421 shares of the semiconductor company’s stock valued at $1,159,000 after buying an additional 1,059 shares during the period. nVerses Capital LLC acquired a new position in MACOM Technology Solutions in the third quarter valued at $367,000. Raymond James & Associates lifted its holdings in MACOM Technology Solutions by 5.2% in the third quarter. Raymond James & Associates now owns 38,917 shares of the semiconductor company’s stock valued at $4,330,000 after buying an additional 1,924 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in MACOM Technology Solutions in the third quarter valued at $66,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

Analyst Upgrades and Downgrades

MTSI has been the topic of a number of research reports. Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Benchmark reaffirmed a “buy” rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Piper Sandler boosted their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Finally, Barclays boosted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $131.50.

About MACOM Technology Solutions

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.