Insider Selling: MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Sells 1,500 Shares of Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Donghyun Thomas Hwang sold 1,500 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $118.38, for a total value of $177,570.00. Following the completion of the transaction, the senior vice president now directly owns 37,102 shares in the company, valued at approximately $4,392,134.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Donghyun Thomas Hwang also recently made the following trade(s):

• On Tuesday, September 3rd, Donghyun Thomas Hwang sold 4,375 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $104.57, for a total value of $457,493.75.

MACOM Technology Solutions Stock Down 0.9 %

Shares of MACOM Technology Solutions stock traded down $1.28 during trading on Friday, reaching $137.86. The stock had a trading volume of 1,071,348 shares, compared to its average volume of 571,330. The company has a current ratio of 8.18, a quick ratio of 6.33 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $9.95 billion, a price-to-earnings ratio of 133.84, a P/E/G ratio of 4.33 and a beta of 1.69. The stock has a fifty day moving average price of $110.02 and a two-hundred day moving average price of $106.28. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $72.15 and a 52 week high of $140.27.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price 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. Barclays increased their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday. Stifel Nicolaus boosted their price target on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Benchmark raised their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Piper Sandler boosted their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $128.00.

Institutional Investors Weigh In On MACOM Technology Solutions

Several institutional investors have recently bought and sold shares of the company. Texas Permanent School Fund Corp raised its stake in MACOM Technology Solutions by 2.5% in the first quarter. Texas Permanent School Fund Corp now owns 47,935 shares of the semiconductor company’s stock valued at $4,585,000 after buying an additional 1,185 shares during the period. Duality Advisers LP boosted its position in MACOM Technology Solutions by 13.4% during the first quarter. Duality Advisers LP now owns 3,093 shares of the semiconductor company’s stock worth $296,000 after purchasing an additional 366 shares during the period. TimesSquare Capital Management LLC increased its holdings in shares of MACOM Technology Solutions by 2.9% in the first quarter. TimesSquare Capital Management LLC now owns 303,032 shares of the semiconductor company’s stock valued at $28,982,000 after purchasing an additional 8,567 shares during the last quarter. Swiss National Bank increased its holdings in shares of MACOM Technology Solutions by 1.8% in the first quarter. Swiss National Bank now owns 113,850 shares of the semiconductor company’s stock valued at $10,889,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of MACOM Technology Solutions by 14.4% in the first quarter. Sei Investments Co. now owns 297,615 shares of the semiconductor company’s stock valued at $28,464,000 after purchasing an additional 37,407 shares during the period. Institutional investors 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.