MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CEO Stephen G. Daly Sells 14,665 Shares of Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CEO Stephen G. Daly sold 14,665 shares of the business’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $122.71, for a total value of $1,799,542.15. Following the transaction, the chief executive officer now directly owns 36,327 shares in the company, valued at $4,457,686.17. The trade was a 28.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

MACOM Technology Solutions Stock Performance

NASDAQ:MTSI opened at $127.41 on Thursday. The stock has a fifty day moving average price of $109.58 and a 200-day moving average price of $120.87. The company has a market cap of $9.47 billion, a price-to-earnings ratio of -88.48, a PEG ratio of 2.42 and a beta of 1.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. The firm had revenue of $235.89 million during the quarter, compared to the consensus estimate of $230.04 million. During the same period in the prior year, the company posted $0.59 EPS. The company’s revenue was up 30.2% compared to the same quarter last year. As a group, equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Institutional Trading of MACOM Technology Solutions

Institutional investors and hedge funds have recently modified their holdings of the business. Opal Wealth Advisors LLC bought a new stake in shares of MACOM Technology Solutions during the 1st quarter worth $25,000. Elequin Capital LP bought a new stake in shares of MACOM Technology Solutions during the 4th quarter worth $26,000. Versant Capital Management Inc lifted its position in shares of MACOM Technology Solutions by 9,400.0% during the 1st quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company’s stock worth $29,000 after buying an additional 282 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of MACOM Technology Solutions during the 4th quarter worth $33,000. Finally, SVB Wealth LLC bought a new stake in shares of MACOM Technology Solutions during the 1st quarter worth $34,000. 76.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MTSI has been the topic of a number of recent analyst reports. Bank of America decreased their target price on MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Truist Financial initiated coverage on MACOM Technology Solutions in a report on Friday, April 11th. They set a “buy” rating and a $125.00 target price on the stock. Benchmark reissued a “buy” rating and set a $160.00 target price on shares of MACOM Technology Solutions in a report on Friday, May 9th. Northland Capmk upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, BNP Paribas upgraded MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price target for the company in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $130.50.

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.