MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Sells $306,711.20 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Robert Dennehy sold 2,539 shares of MACOM Technology Solutions stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $120.80, for a total value of $306,711.20. Following the completion of the sale, the senior vice president now owns 31,206 shares in the company, valued at $3,769,684.80. This represents a 7.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Robert Dennehy also recently made the following trade(s):

• On Tuesday, September 17th, Robert Dennehy sold 6,915 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $101.38, for a total value of $701,042.70.

MACOM Technology Solutions Stock Up 2.4 %

MTSI opened at $134.50 on Friday. The business has a 50 day moving average price of $115.67 and a two-hundred day moving average price of $108.27. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43. The company has a market cap of $9.74 billion, a PE ratio of 130.58, a P/E/G ratio of 2.31 and a beta of 1.69. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $79.25 and a 52 week high of $140.27.

Analyst Ratings Changes

A number of research firms have commented on MTSI. Needham & Company LLC lifted their target price on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. upped their price objective on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Benchmark upped their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Northland Securities upped their price objective on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th. Finally, Barclays upped their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.91.

Institutional Trading of MACOM Technology Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its position in MACOM Technology Solutions by 303.7% during the 1st quarter. Russell Investments Group Ltd. now owns 23,591 shares of the semiconductor company’s stock worth $2,256,000 after purchasing an additional 17,748 shares during the period. State Board of Administration of Florida Retirement System increased its position in MACOM Technology Solutions by 15.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 17,965 shares of the semiconductor company’s stock worth $1,718,000 after purchasing an additional 2,337 shares during the period. Vanguard Group Inc. increased its position in MACOM Technology Solutions by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock worth $592,395,000 after purchasing an additional 465,759 shares during the period. CANADA LIFE ASSURANCE Co increased its position in MACOM Technology Solutions by 1.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 31,011 shares of the semiconductor company’s stock worth $2,963,000 after purchasing an additional 438 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in MACOM Technology Solutions during the 1st quarter worth approximately $171,000. 76.14% of the stock is owned by hedge funds and other institutional investors.

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.