MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Free Report) major shareholder Susan Ocampo sold 2,291 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $190.00, for a total transaction of $435,290.00. Following the sale, the insider directly owned 4,676,032 shares in the company, valued at $888,446,080. This trade represents a 0.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own at least 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, December 5th, Susan Ocampo sold 76,642 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $190.10, for a total value of $14,569,644.20.
- On Wednesday, December 3rd, Susan Ocampo sold 95,829 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $180.06, for a total value of $17,254,969.74.
- On Tuesday, December 2nd, Susan Ocampo sold 4,171 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $180.00, for a total value of $750,780.00.
- On Monday, November 10th, Susan Ocampo sold 43,289 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $171.47, for a total value of $7,422,764.83.
- On Friday, November 7th, Susan Ocampo sold 56,711 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $170.01, for a total value of $9,641,437.11.
- On Thursday, November 6th, Susan Ocampo sold 100,000 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $160.08, for a total value of $16,008,000.00.
- On Wednesday, October 29th, Susan Ocampo sold 8,358 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $150.01, for a total value of $1,253,783.58.
- On Tuesday, October 28th, Susan Ocampo sold 124,515 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $148.02, for a total transaction of $18,430,710.30.
- On Monday, October 27th, Susan Ocampo sold 60,705 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $147.02, for a total transaction of $8,924,849.10.
- 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.
MACOM Technology Solutions Stock Down 1.6%
NASDAQ:MTSI traded down $2.96 during trading hours on Friday, reaching $184.10. The company had a trading volume of 1,380,595 shares, compared to its average volume of 855,291. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $84.00 and a twelve month high of $190.41. The company has a quick ratio of 2.98, a current ratio of 3.71 and a debt-to-equity ratio of 0.31. The firm has a market cap of $13.80 billion, a price-to-earnings ratio of -227.28, a P/E/G ratio of 2.58 and a beta of 1.47. The business’s 50-day simple moving average is $150.10 and its two-hundred day simple moving average is $137.90.
Institutional Investors Weigh In On MACOM Technology Solutions
A number of institutional investors and hedge funds have recently bought and sold shares of MTSI. Merit Financial Group LLC lifted its stake in MACOM Technology Solutions by 3.9% during the 3rd quarter. Merit Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock valued at $228,000 after acquiring an additional 68 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of MACOM Technology Solutions by 19.4% in the third quarter. Larson Financial Group LLC now owns 418 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 68 shares during the last quarter. Sowell Financial Services LLC lifted its position in shares of MACOM Technology Solutions by 3.9% during the second quarter. Sowell Financial Services LLC now owns 2,135 shares of the semiconductor company’s stock valued at $306,000 after purchasing an additional 80 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in MACOM Technology Solutions by 75.6% during the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 93 shares during the last quarter. Finally, Wedmont Private Capital grew its position in MACOM Technology Solutions by 5.4% in the 3rd quarter. Wedmont Private Capital now owns 1,925 shares of the semiconductor company’s stock worth $246,000 after purchasing an additional 99 shares in the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
MTSI has been the subject of several recent research reports. Barclays boosted their price objective on MACOM Technology Solutions from $150.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Wall Street Zen raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Needham & Company LLC boosted their price target on shares of MACOM Technology Solutions from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Benchmark upped their price objective on shares of MACOM Technology Solutions from $160.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Truist Financial reiterated a “buy” rating and set a $180.00 price objective (up from $158.00) on shares of MACOM Technology Solutions in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.44.
View Our Latest Stock Report on MACOM Technology Solutions
About MACOM Technology Solutions
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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