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 the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $125.35, for a total transaction of $5,737,645.55. Following the sale, the director now directly owns 5,509,746 shares in the company, valued at $690,646,661.10. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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 stock was 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 stock was 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 MACOM Technology Solutions stock traded down $0.40 on Wednesday, reaching $121.87. 491,621 shares of the stock were exchanged, compared to its average volume of 751,286. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.55 and a current ratio of 3.61. The firm has a market cap of $9.06 billion, a PE ratio of -84.63, a P/E/G ratio of 2.27 and a beta of 1.71. The firm’s 50 day moving average is $135.31 and its 200-day moving average is $120.37. MACOM Technology Solutions Holdings, Inc. has a one year low of $81.14 and a one year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates 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%. As a group, analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.71 EPS for the current fiscal year.

Institutional Investors Weigh In On MACOM Technology Solutions

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of MACOM Technology Solutions by 6.0% during the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company’s stock worth $846,656,000 after acquiring an additional 368,979 shares during the last quarter. Westfield Capital Management Co. LP increased its position in shares of MACOM Technology Solutions by 21.0% during the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after buying an additional 210,151 shares during the period. Geode Capital Management LLC raised its stake in MACOM Technology Solutions by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,022,565 shares of the semiconductor company’s stock worth $132,882,000 after buying an additional 6,784 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in MACOM Technology Solutions by 18.4% during the third quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock valued at $82,945,000 after acquiring an additional 116,090 shares during the last quarter. Finally, Norges Bank acquired a new stake in MACOM Technology Solutions during the 4th quarter worth about $82,833,000. 76.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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.