MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Free Report) major shareholder Susan Ocampo sold 60,705 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $147.02, for a total transaction of $8,924,849.10. Following the completion of the sale, the insider directly owned 2,710,207 shares of the company’s stock, valued at $398,454,633.14. The trade was a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Susan Ocampo also recently made the following trade(s):
- On Friday, October 24th, Susan Ocampo sold 44,809 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $142.10, for a total transaction of $6,367,358.90.
- On Thursday, October 23rd, Susan Ocampo sold 1,862 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $141.00, for a total transaction of $262,542.00.
- On Monday, October 20th, Susan Ocampo sold 36,762 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $141.01, for a total transaction of $5,183,809.62.
- On Thursday, October 16th, Susan Ocampo sold 102,261 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $140.06, for a total transaction of $14,322,675.66.
- On Wednesday, October 15th, Susan Ocampo sold 150,000 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $136.02, for a total transaction of $20,403,000.00.
- On Tuesday, October 14th, Susan Ocampo sold 53,104 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $133.03, for a total transaction of $7,064,425.12.
- On Wednesday, October 8th, Susan Ocampo sold 150,000 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $133.03, for a total transaction of $19,954,500.00.
- On Tuesday, October 7th, Susan Ocampo sold 62,476 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $133.22, for a total transaction of $8,323,052.72.
- On Thursday, September 18th, Susan Ocampo sold 150,000 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $133.09, for a total transaction of $19,963,500.00.
- On Wednesday, September 17th, Susan Ocampo sold 62,435 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $133.02, for a total transaction of $8,305,103.70.
MACOM Technology Solutions Stock Up 3.9%
Shares of NASDAQ MTSI opened at $146.39 on Tuesday. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $84.00 and a 52-week high of $152.50. The firm has a fifty day moving average of $130.55 and a 200-day moving average of $127.19. The stock has a market capitalization of $10.90 billion, a PE ratio of -144.94, a P/E/G ratio of 2.09 and a beta of 1.48. The company has a quick ratio of 3.10, a current ratio of 3.83 and a debt-to-equity ratio of 0.32.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of MACOM Technology Solutions from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MACOM Technology Solutions in a research report on Wednesday, October 8th. TD Cowen initiated coverage on shares of MACOM Technology Solutions in a research report on Wednesday, October 1st. They set a “buy” rating and a $150.00 price target for the company. Zacks Research raised shares of MACOM Technology Solutions from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. Finally, Truist Financial upped their price target on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $150.50.
View Our Latest Stock Report on MTSI
Institutional Investors Weigh In On MACOM Technology Solutions
A number of institutional investors have recently modified their holdings of MTSI. GAMMA Investing LLC raised its stake in shares of MACOM Technology Solutions by 24.4% in the 1st quarter. GAMMA Investing LLC now owns 1,455 shares of the semiconductor company’s stock valued at $146,000 after purchasing an additional 285 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of MACOM Technology Solutions by 5.5% in the 1st quarter. State of Alaska Department of Revenue now owns 6,969 shares of the semiconductor company’s stock valued at $699,000 after purchasing an additional 365 shares in the last quarter. Perpetual Ltd raised its stake in shares of MACOM Technology Solutions by 12.6% in the 1st quarter. Perpetual Ltd now owns 3,128 shares of the semiconductor company’s stock valued at $314,000 after purchasing an additional 350 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of MACOM Technology Solutions by 11.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 106,060 shares of the semiconductor company’s stock valued at $10,444,000 after purchasing an additional 10,895 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of MACOM Technology Solutions by 18.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,280 shares of the semiconductor company’s stock valued at $329,000 after purchasing an additional 502 shares in the last quarter. Institutional investors and hedge funds 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.
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