Susan Ocampo Sells 286,635 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 286,635 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $123.31, for a total value of $35,344,961.85. Following the transaction, the director now directly owns 5,123,636 shares in the company, valued at $631,795,555.16. This represents a 5.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 stock was sold at an average price of $124.13, for a total transaction of $37,239,000.00.
• 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 shares were sold at an average price of $133.40, for a total transaction of $5,361,612.80.

MACOM Technology Solutions Price Performance

NASDAQ:MTSI opened at $124.01 on Friday. The firm has a market cap of $9.22 billion, a price-to-earnings ratio of -86.12, a price-to-earnings-growth ratio of 2.43 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $82.36 and a 12-month 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’s 50-day moving average is $133.23 and its two-hundred day moving average is $121.26.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data 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 expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Institutional Investors Weigh In On MACOM Technology Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its position in MACOM Technology Solutions by 38.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company’s stock worth $519,399,000 after buying an additional 1,120,510 shares during the period. Norges Bank acquired a new position in shares of MACOM Technology Solutions during the 4th quarter valued at about $82,833,000. Vanguard Group Inc. lifted its holdings in shares of MACOM Technology Solutions by 6.0% during the 4th 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 period. Massachusetts Financial Services Co. MA acquired a new stake in shares of MACOM Technology Solutions in the fourth quarter worth approximately $31,260,000. Finally, Westfield Capital Management Co. LP grew its holdings in MACOM Technology Solutions by 21.0% in the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock valued at $134,686,000 after purchasing an additional 210,151 shares during the period. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MTSI. Northland Securities upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Northland Capmk raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Barclays lifted their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Benchmark reissued a “buy” rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Finally, Piper Sandler raised their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.