Susan Ocampo Sells 4,694 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 4,694 shares of the company’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $123.50, for a total transaction of $579,709.00. Following the transaction, the director now owns 4,223,070 shares of the company’s stock, valued at $521,549,145. This trade represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, May 12th, Susan Ocampo sold 300,000 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $123.58, for a total value of $37,074,000.00.
• On Thursday, February 27th, Susan Ocampo sold 2 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $115.82, for a total value of $231.64.
• On Thursday, February 20th, Susan Ocampo sold 97,527 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $124.08, for a total value of $12,101,150.16.

MACOM Technology Solutions Trading Up 0.8%

MTSI opened at $123.51 on Wednesday. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $84.00 and a twelve month high of $152.50. The company has a fifty day moving average of $106.15 and a 200-day moving average of $121.15. The stock has a market cap of $9.18 billion, a PE ratio of -85.77, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. The firm had revenue of $235.89 million during the quarter, compared to the consensus estimate of $230.04 million. During the same period last year, the business posted $0.59 EPS. The business’s revenue was up 30.2% compared to the same quarter last year. On average, sell-side analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MTSI. Barclays raised their price objective on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and raised their price target for the company from $105.00 to $140.00 in a research note on Monday, February 10th. Benchmark reiterated a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions in a report on Friday, May 9th. Northland Capmk upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, Stifel Nicolaus lowered their target price on MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $130.50.

Institutional Investors Weigh In On MACOM Technology Solutions

Institutional investors and hedge funds have recently made changes to their positions in the business. Elequin Capital LP bought a new stake in MACOM Technology Solutions in the fourth quarter worth approximately $26,000. UMB Bank n.a. grew its position in shares of MACOM Technology Solutions by 74.3% during the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after buying an additional 101 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of MACOM Technology Solutions in the 1st quarter valued at $25,000. Empowered Funds LLC bought a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at $33,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of MACOM Technology Solutions during the 4th quarter valued at $35,000. Institutional investors 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.