Insider Selling: MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Sells $809,436.16 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Geoffrey G. Ribar sold 6,656 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total value of $809,436.16. Following the transaction, the director now directly owns 14,031 shares in the company, valued at $1,706,309.91. The trade was a 32.17 % 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.

MACOM Technology Solutions Stock Up 0.8 %

MTSI stock opened at $123.12 on Monday. The company has a market cap of $9.15 billion, a PE ratio of -85.50, a price-to-earnings-growth ratio of 2.27 and a beta of 1.71. The company has a quick ratio of 6.55, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $82.36 and a 52 week high of $152.50. The business has a 50-day simple moving average of $134.27 and a 200 day simple moving average of $120.87.

MACOM Technology Solutions (NASDAQ:MTSI) last issued 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 negative net margin of 13.05% and a positive return on equity of 12.42%. Sell-side analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.71 EPS for the current fiscal year.

Institutional Investors Weigh In On MACOM Technology Solutions

A number of large investors have recently modified their holdings of MTSI. PDT Partners LLC acquired a new stake in MACOM Technology Solutions in the fourth quarter valued at about $624,000. Schonfeld Strategic Advisors LLC lifted its holdings in shares of MACOM Technology Solutions by 53.1% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 8,092 shares of the semiconductor company’s stock worth $1,051,000 after acquiring an additional 2,806 shares during the last quarter. Northern Trust Corp boosted its stake in shares of MACOM Technology Solutions by 21.6% in the 4th quarter. Northern Trust Corp now owns 479,046 shares of the semiconductor company’s stock valued at $62,233,000 after purchasing an additional 85,104 shares in the last quarter. Tudor Investment Corp ET AL increased its position in MACOM Technology Solutions by 25.7% during the 4th quarter. Tudor Investment Corp ET AL now owns 274,947 shares of the semiconductor company’s stock worth $35,718,000 after purchasing an additional 56,243 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new position in MACOM Technology Solutions in the 4th quarter valued at approximately $2,250,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

Analysts Set New Price Targets

MTSI has been the topic of several research reports. Northland Securities upgraded 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 report on Monday, February 10th. Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Piper Sandler boosted their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Barclays increased their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, Benchmark reissued a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company 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.