MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Sells $5,361,612.80 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 40,192 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $133.40, for a total value of $5,361,612.80. Following the completion of the sale, the director now directly owns 6,513,193 shares in the company, valued at $868,859,946.20. The trade was a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 value of $1,700,647.74.
• On Monday, November 18th, Susan Ocampo sold 1,789 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $125.00, for a total value of $223,625.00.
• On Friday, November 15th, Susan Ocampo sold 105,782 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $123.67, for a total transaction of $13,082,059.94.
• On Wednesday, November 13th, Susan Ocampo sold 25,351 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $130.05, for a total transaction of $3,296,897.55.
• On Wednesday, August 28th, Susan Ocampo sold 70,000 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $106.26, for a total value of $7,438,200.00.

MACOM Technology Solutions Stock Down 2.2 %

MACOM Technology Solutions stock opened at $131.67 on Friday. The firm has a market cap of $9.53 billion, a price-to-earnings ratio of 127.84, a PEG ratio of 2.38 and a beta of 1.69. The company has a current ratio of 8.35, a quick ratio of 6.55 and a debt-to-equity ratio of 0.43. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $79.25 and a 12 month high of $140.27. The stock has a fifty day simple moving average of $118.31 and a two-hundred day simple moving average of $109.20.

Institutional Investors Weigh In On MACOM Technology Solutions

Several large investors have recently bought and sold shares of MTSI. Opal Wealth Advisors LLC bought a new position in MACOM Technology Solutions during the 2nd quarter valued at about $39,000. GAMMA Investing LLC raised its holdings in shares of 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 during the last quarter. Quarry LP bought a new position in shares of MACOM Technology Solutions during the 3rd quarter valued at $57,000. Allspring Global Investments Holdings LLC bought a new position in shares of MACOM Technology Solutions in the 3rd quarter worth approximately $66,000. Finally, FSC Wealth Advisors LLC bought a new stake in shares of MACOM Technology Solutions during the 2nd quarter valued at $78,000. 76.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Barclays lifted their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Northland Securities increased their price target on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. Benchmark boosted their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. raised their target price on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Piper Sandler boosted their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, MACOM Technology Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $125.91.

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.