MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Sells $223,625.00 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 1,789 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $125.00, for a total value of $223,625.00. Following the completion of the sale, the director now owns 5,912,219 shares of the company’s stock, valued at approximately $739,027,375. This trade represents a 0.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, November 15th, Susan Ocampo sold 105,782 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $123.67, for a total value 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 value 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.
• On Friday, August 23rd, Susan Ocampo sold 51,010 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $107.02, for a total value of $5,459,090.20.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI opened at $134.50 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.55 and a current ratio of 8.35. The firm has a market cap of $9.74 billion, a price-to-earnings ratio of 130.58, a P/E/G ratio of 2.31 and a beta of 1.69. The business’s 50-day simple moving average is $115.67 and its 200-day simple moving average is $108.27. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $79.25 and a 52 week high of $140.27.

Institutional Trading of MACOM Technology Solutions

Several hedge funds have recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC bought a new stake in shares of MACOM Technology Solutions in the 2nd quarter worth approximately $39,000. GAMMA Investing LLC lifted its position in shares of MACOM Technology Solutions by 153.0% in the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock worth $52,000 after acquiring an additional 283 shares during the period. Quarry LP bought a new stake in shares of MACOM Technology Solutions in the 3rd quarter worth approximately $57,000. Allspring Global Investments Holdings LLC bought a new stake 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 in the 2nd quarter worth approximately $78,000. Institutional investors own 76.14% of the company’s stock.

Wall Street Analyst Weigh In

MTSI has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Benchmark increased their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Barclays increased their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Needham & Company LLC increased their price objective on MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Piper Sandler increased their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MACOM Technology Solutions has an average 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.