MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Donghyun Thomas Hwang Sells 4,375 Shares

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Donghyun Thomas Hwang sold 4,375 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $104.57, for a total transaction of $457,493.75. Following the completion of the transaction, the senior vice president now directly owns 37,148 shares in the company, valued at approximately $3,884,566.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Donghyun Thomas Hwang also recently made the following trade(s):

• On Monday, July 22nd, Donghyun Thomas Hwang sold 5,000 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $106.25, for a total transaction of $531,250.00.

MACOM Technology Solutions Trading Down 1.0 %

NASDAQ:MTSI traded down $1.00 during mid-day trading on Thursday, hitting $99.06. 413,572 shares of the stock traded hands, compared to its average volume of 589,823. The company has a quick ratio of 6.33, a current ratio of 8.18 and a debt-to-equity ratio of 0.45. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $68.58 and a 52 week high of $118.76. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 112.41, a PEG ratio of 5.58 and a beta of 1.69. The firm’s 50 day moving average is $105.85 and its two-hundred day moving average is $101.07.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 EPS for the quarter, meeting analysts’ consensus estimates of $0.66. MACOM Technology Solutions had a return on equity of 12.59% and a net margin of 10.59%. The firm had revenue of $190.50 million for the quarter, compared to analysts’ expectations of $190.42 million. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 1.89 earnings per share for the current year.

Institutional Trading of MACOM Technology Solutions

Institutional investors and hedge funds have recently made changes to their positions in the business. EP Wealth Advisors LLC grew its holdings in shares of MACOM Technology Solutions by 4.3% in the second quarter. EP Wealth Advisors LLC now owns 2,602 shares of the semiconductor company’s stock worth $290,000 after purchasing an additional 107 shares during the last quarter. Creative Planning grew its stake in MACOM Technology Solutions by 50.0% in the 2nd quarter. Creative Planning now owns 9,362 shares of the semiconductor company’s stock worth $1,044,000 after acquiring an additional 3,119 shares in the last quarter. Algert Global LLC purchased a new position in shares of MACOM Technology Solutions during the second quarter worth approximately $647,000. Scientech Research LLC bought a new stake in shares of MACOM Technology Solutions during the second quarter valued at approximately $1,248,000. Finally, Millennium Management LLC boosted its holdings in shares of MACOM Technology Solutions by 958.1% in the second quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock valued at $149,214,000 after purchasing an additional 1,212,094 shares during the period. 76.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MTSI has been the subject of a number of research analyst reports. Barclays raised their price objective on MACOM Technology Solutions from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $135.00 price objective (up previously from $100.00) on shares of MACOM Technology Solutions in a research note on Monday, May 13th. Stifel Nicolaus upped their price objective on MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Needham & Company LLC raised their target price on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Benchmark upped their price target on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $117.00.

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.