MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Free Report) major shareholder Susan Ocampo sold 4,171 shares of MACOM Technology Solutions stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $180.00, for a total transaction of $750,780.00. Following the completion of the sale, the insider owned 4,774,152 shares in the company, valued at approximately $859,347,360. This represents a 0.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Susan Ocampo also recently made the following trade(s):
- On Wednesday, December 3rd, Susan Ocampo sold 95,829 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $180.06, for a total transaction of $17,254,969.74.
- On Monday, November 10th, Susan Ocampo sold 43,289 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $171.47, for a total value of $7,422,764.83.
- On Friday, November 7th, Susan Ocampo sold 56,711 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $170.01, for a total value of $9,641,437.11.
- On Thursday, November 6th, Susan Ocampo sold 100,000 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $160.08, for a total value of $16,008,000.00.
- On Wednesday, October 29th, Susan Ocampo sold 8,358 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $150.01, for a total value of $1,253,783.58.
- On Tuesday, October 28th, Susan Ocampo sold 124,515 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $148.02, for a total value of $18,430,710.30.
- On Monday, October 27th, Susan Ocampo sold 60,705 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $147.02, for a total transaction of $8,924,849.10.
- On Friday, October 24th, Susan Ocampo sold 44,809 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $142.10, for a total transaction of $6,367,358.90.
- On Thursday, October 23rd, Susan Ocampo sold 1,862 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $141.00, for a total transaction of $262,542.00.
- On Monday, October 20th, Susan Ocampo sold 36,762 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $141.01, for a total value of $5,183,809.62.
MACOM Technology Solutions Trading Up 2.0%
Shares of NASDAQ MTSI traded up $3.70 during trading hours on Thursday, hitting $187.16. 952,320 shares of the company traded hands, compared to its average volume of 849,753. The company has a current ratio of 3.71, a quick ratio of 2.98 and a debt-to-equity ratio of 0.31. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $190.00. The stock has a market capitalization of $14.02 billion, a price-to-earnings ratio of -231.55, a price-to-earnings-growth ratio of 2.44 and a beta of 1.47. The company’s 50 day moving average price is $148.84 and its 200 day moving average price is $137.56.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on MTSI shares. Needham & Company LLC raised their price target on MACOM Technology Solutions from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Weiss Ratings restated a “sell (d+)” rating on shares of MACOM Technology Solutions in a report on Wednesday, October 8th. Benchmark lifted their price objective on shares of MACOM Technology Solutions from $160.00 to $190.00 and gave the company a “buy” rating in a report on Friday, November 7th. Wall Street Zen upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Finally, Zacks Research raised shares of MACOM Technology Solutions from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $169.44.
Read Our Latest Stock Analysis on MACOM Technology Solutions
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Merit Financial Group LLC increased its position in shares of MACOM Technology Solutions by 3.9% during the third quarter. Merit Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock worth $228,000 after purchasing an additional 68 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of MACOM Technology Solutions by 19.4% during the third quarter. Larson Financial Group LLC now owns 418 shares of the semiconductor company’s stock worth $52,000 after acquiring an additional 68 shares during the last quarter. Sowell Financial Services LLC increased its holdings in shares of MACOM Technology Solutions by 3.9% during the second quarter. Sowell Financial Services LLC now owns 2,135 shares of the semiconductor company’s stock valued at $306,000 after acquiring an additional 80 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of MACOM Technology Solutions by 75.6% during the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 93 shares in the last quarter. Finally, Wedmont Private Capital raised its position in shares of MACOM Technology Solutions by 5.4% in the 3rd quarter. Wedmont Private Capital now owns 1,925 shares of the semiconductor company’s stock valued at $246,000 after purchasing an additional 99 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors.
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.
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