MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Donghyun Thomas Hwang Sells 5,000 Shares

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Donghyun Thomas Hwang sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $106.25, for a total value of $531,250.00. Following the transaction, the senior vice president now owns 41,523 shares in the company, valued at $4,411,818.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, May 8th, Donghyun Thomas Hwang sold 7,000 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $102.65, for a total value of $718,550.00.

MACOM Technology Solutions Stock Performance

MTSI traded down $4.91 on Wednesday, hitting $101.59. 489,271 shares of the stock traded hands, compared to its average volume of 593,136. The company has a current ratio of 7.34, a quick ratio of 5.70 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average price of $106.48 and a two-hundred day moving average price of $97.55. The firm has a market capitalization of $7.33 billion, a PE ratio of 115.44, a P/E/G ratio of 5.45 and a beta of 1.70. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $65.91 and a 52 week high of $118.76.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). The company had revenue of $181.23 million for the quarter, compared to analyst estimates of $180.97 million. MACOM Technology Solutions had a net margin of 10.01% and a return on equity of 12.67%. On average, research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 1.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays raised their target price on MACOM Technology Solutions from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Craig Hallum lifted their price objective on MACOM Technology Solutions from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Needham & Company LLC lifted their price objective on MACOM Technology Solutions from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. 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 research note on Monday, May 13th. Finally, Evercore ISI began coverage on MACOM Technology Solutions in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $120.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, MACOM Technology Solutions has an average rating of “Moderate Buy” and a consensus price target of $113.00.

Institutional Investors Weigh In On MACOM Technology Solutions

Institutional investors have recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC acquired a new stake in MACOM Technology Solutions during the second quarter valued at approximately $39,000. Riverview Trust Co acquired a new stake in MACOM Technology Solutions during the first quarter valued at approximately $47,000. GAMMA Investing LLC boosted its holdings in MACOM Technology Solutions by 153.0% during the second quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 283 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in MACOM Technology Solutions during the fourth quarter valued at approximately $69,000. Finally, Fidelis Capital Partners LLC acquired a new position in shares of MACOM Technology Solutions in the 1st quarter worth approximately $77,000. 76.14% of the stock is owned by institutional investors and hedge funds.

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.