MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Sells $3,296,897.55 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 25,351 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $130.05, for a total transaction of $3,296,897.55. Following the transaction, the director now directly owns 6,046,676 shares in the company, valued at approximately $786,370,213.80. This trade represents a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 transaction of $13,082,059.94.
• On Wednesday, August 28th, Susan Ocampo sold 70,000 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $106.26, for a total transaction of $7,438,200.00.
• On Friday, August 23rd, Susan Ocampo sold 51,010 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $107.02, for a total transaction of $5,459,090.20.
• On Tuesday, August 20th, Susan Ocampo sold 93,728 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $106.32, for a total transaction of $9,965,160.96.

MACOM Technology Solutions Price Performance

NASDAQ:MTSI traded down $3.76 during trading hours on Friday, reaching $123.00. The company had a trading volume of 581,319 shares, compared to its average volume of 571,187. The stock has a 50-day moving average of $113.44 and a two-hundred day moving average of $107.54. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $8.91 billion, a PE ratio of 119.42, a PEG ratio of 2.42 and a beta of 1.69. MACOM Technology Solutions Holdings, Inc. has a one year low of $79.25 and a one year high of $140.27.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MTSI shares. Stifel Nicolaus raised their target price on MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Barclays lifted their target price 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. Needham & Company LLC boosted their price target on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Northland Securities boosted their target price on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a report on Monday. Finally, Benchmark upped their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, MACOM Technology Solutions has a consensus rating of “Moderate Buy” and an average target price of $125.91.

Institutional Trading of MACOM Technology Solutions

Several large investors have recently made changes to their positions in the business. M&T Bank Corp acquired a new position in MACOM Technology Solutions in the third quarter valued at about $221,000. EP Wealth Advisors LLC grew 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 purchasing an additional 110 shares in the last quarter. Symmetry Peak Management LLC acquired a new stake in shares of MACOM Technology Solutions in the third quarter valued at approximately $250,000. Quantinno Capital Management LP bought a new stake in MACOM Technology Solutions in the 3rd quarter valued at $251,000. Finally, Quarry LP bought a new stake in MACOM Technology Solutions in the 3rd quarter valued at $57,000. Institutional investors own 76.14% of the company’s stock.

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.