Insider Selling: MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Sells $12,101,150.16 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 97,527 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the completion of the sale, the director now owns 4,689,225 shares in the company, valued at $581,839,038. This represents a 2.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, February 18th, Susan Ocampo sold 300,000 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $124.13, for a total transaction of $37,239,000.00.
• 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.

MACOM Technology Solutions Trading Up 2.1 %

MTSI opened at $118.70 on Thursday. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.21 and a 1-year high of $152.50. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The company has a market cap of $8.82 billion, a P/E ratio of -82.43, a price-to-earnings-growth ratio of 2.42 and a beta of 1.71. The company has a fifty day moving average price of $131.71 and a two-hundred day moving average price of $122.00.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings results 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 negative net margin of 13.05% and a positive return on equity of 12.42%. Analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MTSI. Benchmark reaffirmed a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research note on Monday, February 10th. 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. Barclays lifted 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. Finally, Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.50.

Institutional Investors Weigh In On MACOM Technology Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GTS Securities LLC purchased a new position in MACOM Technology Solutions during the fourth quarter worth about $227,000. Elequin Capital LP bought a new stake in MACOM Technology Solutions during the 4th quarter worth approximately $26,000. Voloridge Investment Management LLC bought a new stake in MACOM Technology Solutions during the 4th quarter worth approximately $5,760,000. Squarepoint Ops LLC bought a new stake in MACOM Technology Solutions during the 4th quarter worth approximately $6,077,000. Finally, Twinbeech Capital LP bought a new stake in MACOM Technology Solutions during the 4th quarter worth approximately $6,904,000. 76.14% of the stock is owned by institutional investors.

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.