Susan Ocampo Sells 300,000 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 300,000 shares of MACOM Technology Solutions stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.13, for a total transaction of $37,239,000.00. Following the sale, the director now directly owns 4,823,636 shares of the company’s stock, valued at $598,757,936.68. This represents a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, February 14th, Susan Ocampo sold 286,635 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $123.31, for a total transaction of $35,344,961.85.
• 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 shares were sold at an average price of $136.73, for a total transaction of $1,700,647.74.
• On Friday, November 22nd, Susan Ocampo sold 40,192 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $133.40, for a total transaction of $5,361,612.80.

MACOM Technology Solutions Trading Down 2.7 %

NASDAQ:MTSI opened at $120.65 on Friday. The company’s 50 day moving average price is $132.86 and its 200-day moving average price is $121.44. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $84.21 and a 52 week high of $152.50. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The stock has a market cap of $8.97 billion, a price-to-earnings ratio of -83.78, a PEG ratio of 2.42 and a beta of 1.71.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. On average, equities research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Elequin Capital LP bought a new position in shares of MACOM Technology Solutions during the 4th quarter valued at approximately $26,000. UMB Bank n.a. grew its holdings in shares of MACOM Technology Solutions by 74.3% in the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of MACOM Technology Solutions in the fourth quarter valued at $33,000. SBI Securities Co. Ltd. purchased a new position in shares of MACOM Technology Solutions in the fourth quarter valued at $35,000. Finally, ORG Wealth Partners LLC purchased a new position in MACOM Technology Solutions during the fourth quarter worth $36,000. Hedge funds and other 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.