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 business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $125.35, for a total value of $5,737,645.55. Following the completion of the sale, the director now owns 5,509,746 shares in the company, valued at $690,646,661.10. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through 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 shares were 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 stock was 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 shares were 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 Stock Up 0.8 %

MTSI stock opened at $123.12 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 6.55. The stock has a market capitalization of $9.15 billion, a price-to-earnings ratio of -85.50, a PEG ratio of 2.27 and a beta of 1.71. The business’s fifty day moving average price is $134.27 and its two-hundred day moving average price is $120.56. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $82.36 and a fifty-two week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last issued 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 positive return on equity of 12.42% and a negative net margin of 13.05%. On average, equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.71 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on MTSI. Northland Capmk raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Piper Sandler increased their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Northland Securities upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their price target for the company from $105.00 to $140.00 in a research note on Monday, February 10th. Benchmark restated a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Finally, Barclays increased their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $131.50.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System boosted its stake in MACOM Technology Solutions by 0.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company’s stock valued at $2,092,000 after buying an additional 100 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in MACOM Technology Solutions by 1.4% in the fourth quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company’s stock valued at $930,000 after buying an additional 100 shares in the last quarter. UMB Bank n.a. boosted its stake in MACOM Technology Solutions by 74.3% in the fourth 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. Quadrant Capital Group LLC boosted its stake in MACOM Technology Solutions by 8.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company’s stock valued at $174,000 after buying an additional 101 shares in the last quarter. Finally, EP Wealth Advisors LLC boosted its stake in MACOM Technology Solutions by 4.2% in the third quarter. EP Wealth Advisors LLC now owns 2,712 shares of the semiconductor company’s stock valued at $302,000 after buying an additional 110 shares in the last quarter. Institutional investors own 76.14% of the company’s stock.

About MACOM Technology Solutions

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.