MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo Sells 300,000 Shares

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 300,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.13, for a total transaction of $37,239,000.00. Following the completion of the transaction, the director now owns 4,823,636 shares in the company, valued at $598,757,936.68. This represents a 5.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, February 14th, Susan Ocampo sold 286,635 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $123.31, for a total transaction of $35,344,961.85.
• On Monday, February 10th, Susan Ocampo sold 45,773 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $125.35, for a total transaction of $5,737,645.55.
• On Monday, November 25th, Susan Ocampo sold 12,438 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $136.73, for a total transaction of $1,700,647.74.
• On Friday, November 22nd, Susan Ocampo sold 40,192 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $133.40, for a total transaction of $5,361,612.80.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI traded up $0.27 during mid-day trading on Thursday, reaching $124.01. 678,650 shares of the company were exchanged, compared to its average volume of 752,522. The company’s 50-day simple moving average is $133.47 and its 200-day simple moving average is $121.25. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $9.22 billion, a P/E ratio of -86.12, a P/E/G ratio of 2.43 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $82.36 and a twelve month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing the consensus estimate 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%. As a group, research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on MTSI shares. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Piper Sandler increased their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Benchmark reiterated a “buy” rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a report on Monday, February 10th. Finally, Barclays raised their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Two 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. According to MarketBeat.com, MACOM Technology Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $131.50.

Institutional Trading of MACOM Technology Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Elequin Capital LP acquired a new position in shares of MACOM Technology Solutions in the 4th quarter valued at approximately $26,000. UMB Bank n.a. raised its position 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 buying an additional 101 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of MACOM Technology Solutions in the 4th quarter valued at approximately $33,000. SBI Securities Co. Ltd. acquired a new position in shares of MACOM Technology Solutions in the 4th quarter valued at approximately $35,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of MACOM Technology Solutions in the 4th quarter valued at approximately $36,000. 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.