MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Sells $35,344,961.85 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 286,635 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $123.31, for a total transaction of $35,344,961.85. Following the completion of the transaction, the director now owns 5,123,636 shares in the company, valued at $631,795,555.16. The trade was a 5.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, February 10th, Susan Ocampo sold 45,773 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $125.35, for a total transaction of $5,737,645.55.
• 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 transaction of $1,700,647.74.
• On Friday, November 22nd, Susan Ocampo sold 40,192 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $133.40, for a total transaction of $5,361,612.80.

MACOM Technology Solutions Stock Up 1.1 %

MTSI traded up $1.39 during trading on Tuesday, hitting $124.51. The company had a trading volume of 947,465 shares, compared to its average volume of 753,134. The company has a market cap of $9.26 billion, a PE ratio of -86.47, a P/E/G ratio of 2.27 and a beta of 1.71. The business has a 50-day moving average of $133.97 and a 200-day moving average of $121.04. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 6.55. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $82.36 and a 1-year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share 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%. As a group, analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.71 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Trading of MACOM Technology Solutions

A number of institutional investors and hedge funds have recently modified their holdings of MTSI. Price T Rowe Associates Inc. MD raised its holdings in shares of MACOM Technology Solutions by 38.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company’s stock worth $519,399,000 after purchasing an additional 1,120,510 shares during the period. Norges Bank acquired a new stake in shares of MACOM Technology Solutions during the fourth quarter worth $82,833,000. Vanguard Group Inc. raised its holdings in shares of MACOM Technology Solutions by 6.0% during the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company’s stock worth $846,656,000 after purchasing an additional 368,979 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of MACOM Technology Solutions during the fourth quarter worth $31,260,000. Finally, Westfield Capital Management Co. LP grew its position in shares of 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 worth $134,686,000 after acquiring an additional 210,151 shares during the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

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.