Stephen G. Daly Sells 2,000 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CEO Stephen G. Daly sold 2,000 shares of the company’s stock in a transaction on Tuesday, January 11th. The shares were sold at an average price of $72.51, for a total value of $145,020.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NASDAQ MTSI opened at $71.62 on Friday. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $48.68 and a twelve month high of $80.30. The company has a debt-to-equity ratio of 1.10, a quick ratio of 4.72 and a current ratio of 5.61. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 135.13, a PEG ratio of 2.43 and a beta of 1.99. The firm’s 50 day moving average price is $75.40 and its two-hundred day moving average price is $67.36.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings data on Thursday, November 4th. The semiconductor company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. MACOM Technology Solutions had a net margin of 6.26% and a return on equity of 26.42%. The firm had revenue of $155.21 million for the quarter, compared to analysts’ expectations of $154.97 million. During the same period in the previous year, the company posted $0.28 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.09 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Clearstead Advisors LLC purchased a new position in shares of MACOM Technology Solutions during the 3rd quarter valued at $30,000. Advisory Services Network LLC purchased a new position in shares of MACOM Technology Solutions during the 2nd quarter valued at $58,000. Captrust Financial Advisors grew its holdings in shares of MACOM Technology Solutions by 27.6% during the 3rd quarter. Captrust Financial Advisors now owns 901 shares of the semiconductor company’s stock valued at $58,000 after acquiring an additional 195 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in shares of MACOM Technology Solutions during the 3rd quarter valued at $150,000. Finally, FORA Capital LLC grew its holdings in shares of MACOM Technology Solutions by 18.1% during the 2nd quarter. FORA Capital LLC now owns 2,867 shares of the semiconductor company’s stock valued at $184,000 after acquiring an additional 440 shares in the last quarter. Institutional investors and hedge funds own 71.73% of the company’s stock.

Several research analysts have issued reports on MTSI shares. Bank of America upped their price target on MACOM Technology Solutions from $83.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 10th. Needham & Company LLC upped their price target on MACOM Technology Solutions from $72.00 to $90.00 and gave the company a “buy” rating in a report on Monday, November 8th. Barclays upped their price target on MACOM Technology Solutions from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, November 5th. Finally, Stifel Nicolaus lifted their price objective on shares of MACOM Technology Solutions from $88.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, December 28th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $77.25.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc engages in the design, development, manufacture and market of semiconductor products for the telecommunications, industrial and defense and datacenter industries. Its products include integrated circuits (IC), multi-chip modules (MCM), power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems.

Featured Article: What moving averages are used to define a golden cross?

Insider Buying and Selling by Quarter for MACOM Technology Solutions (NASDAQ:MTSI)

Receive News & Ratings for MACOM Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MACOM Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.