MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CEO Stephen G. Daly Sells 35,000 Shares

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSIGet Rating) CEO Stephen G. Daly sold 35,000 shares of the business’s stock in a transaction dated Tuesday, December 6th. The stock was sold at an average price of $67.52, for a total transaction of $2,363,200.00. Following the sale, the chief executive officer now owns 368,194 shares in the company, valued at $24,860,458.88. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

MACOM Technology Solutions Stock Performance

MACOM Technology Solutions stock opened at $67.98 on Friday. The firm’s 50 day simple moving average is $61.56 and its 200-day simple moving average is $56.18. The company has a market cap of $4.80 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 1.72 and a beta of 1.98. The company has a debt-to-equity ratio of 0.71, a current ratio of 8.36 and a quick ratio of 7.18. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $42.85 and a fifty-two week high of $80.30.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Eagle Bay Advisors LLC increased its position in shares of MACOM Technology Solutions by 10.1% in the third quarter. Eagle Bay Advisors LLC now owns 2,185 shares of the semiconductor company’s stock worth $115,000 after acquiring an additional 200 shares in the last quarter. Captrust Financial Advisors grew its position in MACOM Technology Solutions by 26.6% during the second quarter. Captrust Financial Advisors now owns 1,466 shares of the semiconductor company’s stock valued at $68,000 after purchasing an additional 308 shares in the last quarter. CWM LLC grew its position in MACOM Technology Solutions by 27.0% during the third quarter. CWM LLC now owns 1,458 shares of the semiconductor company’s stock valued at $76,000 after purchasing an additional 310 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in MACOM Technology Solutions by 1.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 19,577 shares of the semiconductor company’s stock valued at $902,000 after purchasing an additional 371 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in MACOM Technology Solutions by 26.8% during the third quarter. Nisa Investment Advisors LLC now owns 1,991 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 421 shares in the last quarter. 72.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MTSI has been the topic of a number of recent analyst reports. Piper Sandler boosted their target price on shares of MACOM Technology Solutions from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, August 19th. StockNews.com downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report on Thursday, October 20th. Benchmark downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report on Monday, November 7th. Finally, Needham & Company LLC boosted their target price on shares of MACOM Technology Solutions from $62.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, November 4th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, MACOM Technology Solutions has an average rating of “Moderate Buy” and an average price target of $72.09.

About MACOM Technology Solutions

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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, Taiwan, Japan, Singapore, Thailand, South Korea, Australia, Malaysia, and internationally.

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