Susan Ocampo Sells 95,743 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 95,743 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $103.18, for a total value of $9,878,762.74. Following the completion of the transaction, the director now directly owns 6,876,284 shares of the company’s stock, valued at $709,494,983.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, May 30th, Susan Ocampo sold 16,490 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $103.02, for a total transaction of $1,698,799.80.
• On Tuesday, May 28th, Susan Ocampo sold 16,396 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $105.01, for a total transaction of $1,721,743.96.
• On Friday, May 24th, Susan Ocampo sold 102,722 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $102.76, for a total transaction of $10,555,712.72.
• On Wednesday, May 22nd, Susan Ocampo sold 131,187 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $102.53, for a total value of $13,450,603.11.
• On Monday, May 20th, Susan Ocampo sold 161,140 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $102.88, for a total value of $16,578,083.20.

MACOM Technology Solutions Stock Up 0.3 %

NASDAQ:MTSI opened at $106.31 on Friday. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $68.58 and a 52 week high of $118.76. The company has a quick ratio of 5.70, a current ratio of 8.18 and a debt-to-equity ratio of 0.45. The stock’s fifty day moving average is $105.89 and its two-hundred day moving average is $99.00. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 120.81, a price-to-earnings-growth ratio of 5.09 and a beta of 1.69.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 EPS for the quarter, meeting analysts’ consensus estimates of $0.66. The company had revenue of $190.50 million during the quarter, compared to analysts’ expectations of $190.42 million. MACOM Technology Solutions had a return on equity of 12.59% and a net margin of 10.59%. MACOM Technology Solutions’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the business posted $0.42 EPS. Research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 1.92 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Benchmark raised their target price on MACOM Technology Solutions from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Craig Hallum lifted their target price on shares of MACOM Technology Solutions from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. increased their price target on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Needham & Company LLC lifted their price target on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $135.00 price objective (up from $100.00) on shares of MACOM Technology Solutions in a report on Monday, May 13th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, MACOM Technology Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $117.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MTSI. CWM LLC boosted its position in MACOM Technology Solutions by 7.3% in the 2nd quarter. CWM LLC now owns 1,451 shares of the semiconductor company’s stock valued at $162,000 after buying an additional 99 shares during the period. Duality Advisers LP boosted its holdings in MACOM Technology Solutions by 5.9% in the fourth quarter. Duality Advisers LP now owns 2,727 shares of the semiconductor company’s stock valued at $253,000 after purchasing an additional 152 shares during the period. New York State Teachers Retirement System grew its stake in MACOM Technology Solutions by 2.5% during the 4th quarter. New York State Teachers Retirement System now owns 8,226 shares of the semiconductor company’s stock worth $765,000 after purchasing an additional 200 shares in the last quarter. Yousif Capital Management LLC increased its holdings in MACOM Technology Solutions by 0.9% during the 4th quarter. Yousif Capital Management LLC now owns 25,085 shares of the semiconductor company’s stock worth $2,332,000 after purchasing an additional 215 shares during the period. Finally, TD Asset Management Inc raised its position in MACOM Technology Solutions by 0.6% in the 2nd quarter. TD Asset Management Inc now owns 39,244 shares of the semiconductor company’s stock valued at $4,375,000 after purchasing an additional 244 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

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.