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 shares were sold at an average price of $123.31, for a total transaction of $35,344,961.85. Following the completion of the sale, the director now owns 5,123,636 shares in the company, valued at approximately $631,795,555.16. This trade represents a 5.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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 shares were sold at an average price of $125.35, for a total value 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 transaction 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 Price Performance

NASDAQ MTSI opened at $123.63 on Thursday. 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 capitalization of $9.19 billion, a PE ratio of -85.85, a price-to-earnings-growth ratio of 2.41 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $82.36 and a 12-month high of $152.50. The company has a 50 day moving average price of $133.47 and a two-hundred day moving average price of $121.25.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. As a group, equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Trading of MACOM Technology Solutions

Several large investors have recently made changes to their positions in the stock. GTS Securities LLC bought a new position in shares of MACOM Technology Solutions in the 4th quarter valued at approximately $227,000. Elequin Capital LP bought a new position in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $26,000. Voloridge Investment Management LLC acquired a new stake in shares of MACOM Technology Solutions in the fourth quarter worth $5,760,000. Squarepoint Ops LLC bought a new stake in shares of MACOM Technology Solutions during the 4th quarter worth $6,077,000. Finally, Twinbeech Capital LP acquired a new position in MACOM Technology Solutions in the 4th quarter valued at $6,904,000. Institutional investors own 76.14% of the company’s stock.

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.