MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CFO John Kober Sells 2,250 Shares

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CFO John Kober sold 2,250 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total value of $292,702.50. Following the completion of the sale, the chief financial officer now directly owns 49,239 shares of the company’s stock, valued at approximately $6,405,501.51. This trade represents a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

John Kober also recently made the following trade(s):

• On Wednesday, November 20th, John Kober sold 19,470 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $126.88, for a total transaction of $2,470,353.60.
• On Tuesday, October 29th, John Kober sold 2,671 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $117.47, for a total transaction of $313,762.37.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI traded up $3.06 during mid-day trading on Monday, reaching $139.59. 512,540 shares of the company were exchanged, compared to its average volume of 634,280. The stock has a market capitalization of $10.11 billion, a P/E ratio of 135.53, a P/E/G ratio of 2.43 and a beta of 1.71. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $79.25 and a twelve month high of $143.90. The company’s 50-day simple moving average is $131.21 and its 200-day simple moving average is $115.48.

Institutional Investors Weigh In On MACOM Technology Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the company. Citigroup Inc. lifted its holdings in shares of MACOM Technology Solutions by 46.2% during the 3rd quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company’s stock worth $7,672,000 after acquiring an additional 21,786 shares during the period. Westfield Capital Management Co. LP raised its position in MACOM Technology Solutions by 21.0% during 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 in the last quarter. The Manufacturers Life Insurance Company lifted its stake in MACOM Technology Solutions by 18.4% during the third quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock worth $82,945,000 after purchasing an additional 116,090 shares during the last quarter. Algert Global LLC boosted its holdings in shares of MACOM Technology Solutions by 103.6% in the 3rd quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company’s stock valued at $1,315,000 after purchasing an additional 6,015 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of MACOM Technology Solutions by 958.1% in the 2nd 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 last quarter. Institutional investors own 76.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MTSI. Benchmark increased 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. Northland Securities lifted their price target on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. Barclays increased their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, Piper Sandler upped their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.00.

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.