MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Sells $978,215.00 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Donghyun Thomas Hwang sold 7,355 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $133.00, for a total value of $978,215.00. Following the completion of the sale, the senior vice president now owns 43,657 shares of the company’s stock, valued at $5,806,381. This trade represents a 14.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, November 6th, Donghyun Thomas Hwang sold 1,500 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $118.38, for a total value of $177,570.00.

MACOM Technology Solutions Stock Performance

Shares of MTSI opened at $126.90 on Thursday. The company has a market cap of $9.43 billion, a PE ratio of 123.21, a price-to-earnings-growth ratio of 2.58 and a beta of 1.71. The firm has a 50-day moving average of $136.20 and a 200-day moving average of $118.80. MACOM Technology Solutions Holdings, Inc. has a one year low of $79.25 and a one year high of $152.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55.

Hedge Funds Weigh In On MACOM Technology Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of MTSI. Citigroup Inc. raised its stake in MACOM Technology Solutions by 46.2% in the third quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company’s stock valued at $7,672,000 after buying an additional 21,786 shares during the period. Westfield Capital Management Co. LP increased its holdings in shares of MACOM Technology Solutions by 21.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after acquiring an additional 210,151 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in MACOM Technology Solutions by 18.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock valued at $82,945,000 after acquiring an additional 116,090 shares during the period. Algert Global LLC lifted its holdings in MACOM Technology Solutions by 103.6% during 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 during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in MACOM Technology Solutions during the third quarter worth $11,005,000. Institutional investors own 76.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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