Insider Selling: MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Sells 286,635 Shares of Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 286,635 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $123.31, for a total value of $35,344,961.85. Following the sale, the director now owns 5,123,636 shares of the company’s stock, valued at approximately $631,795,555.16. This trade represents a 5.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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 stock was 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 stock was sold at an average price of $136.73, for a total value of $1,700,647.74.
• On Friday, November 22nd, Susan Ocampo sold 40,192 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $133.40, for a total transaction of $5,361,612.80.

MACOM Technology Solutions Trading Up 1.1 %

MACOM Technology Solutions stock opened at $124.51 on Wednesday. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $82.36 and a 52 week high of $152.50. The stock has a market capitalization of $9.26 billion, a P/E ratio of -86.47, a PEG ratio of 2.27 and a beta of 1.71. The stock has a 50-day simple moving average of $133.76 and a 200 day simple moving average of $121.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.55 and a current ratio of 3.61.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate 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%. Analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.71 earnings per share for the current year.

Hedge Funds Weigh In On MACOM Technology Solutions

Large investors have recently made changes to their positions in the company. Citigroup Inc. increased its position in MACOM Technology Solutions by 46.2% during the 3rd quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company’s stock worth $7,672,000 after buying an additional 21,786 shares during the period. Westfield Capital Management Co. LP increased its position in 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 period. The Manufacturers Life Insurance Company raised its stake in MACOM Technology Solutions by 18.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock worth $82,945,000 after purchasing an additional 116,090 shares in the last quarter. Algert Global LLC raised its stake in MACOM Technology Solutions by 103.6% in the 3rd quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company’s stock worth $1,315,000 after purchasing an additional 6,015 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in MACOM Technology Solutions in the 3rd quarter valued at about $11,005,000. Institutional investors own 76.14% of the company’s stock.

Analysts Set New Price Targets

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

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.