MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Sells $306,711.20 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Robert Dennehy sold 2,539 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $120.80, for a total transaction of $306,711.20. Following the sale, the senior vice president now directly owns 31,206 shares in the company, valued at approximately $3,769,684.80. This represents a 7.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Robert Dennehy also recently made the following trade(s):

• On Tuesday, September 17th, Robert Dennehy sold 6,915 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $101.38, for a total transaction of $701,042.70.

MACOM Technology Solutions Price Performance

Shares of MTSI stock opened at $134.50 on Friday. The firm has a market capitalization of $9.74 billion, a price-to-earnings ratio of 130.58, a price-to-earnings-growth ratio of 2.31 and a beta of 1.69. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $79.25 and a 12-month high of $140.27. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average of $116.33 and a 200-day moving average of $108.52.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Piper Sandler upped their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Barclays lifted their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Benchmark raised their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Northland Securities boosted their price target on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, MACOM Technology Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $125.91.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its holdings in shares of MACOM Technology Solutions by 303.7% during the 1st quarter. Russell Investments Group Ltd. now owns 23,591 shares of the semiconductor company’s stock valued at $2,256,000 after purchasing an additional 17,748 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of MACOM Technology Solutions by 15.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 17,965 shares of the semiconductor company’s stock worth $1,718,000 after acquiring an additional 2,337 shares in the last quarter. Vanguard Group Inc. increased its position in shares of MACOM Technology Solutions by 8.1% during the first quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock worth $592,395,000 after acquiring an additional 465,759 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of MACOM Technology Solutions by 1.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 31,011 shares of the semiconductor company’s stock worth $2,963,000 after acquiring an additional 438 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in MACOM Technology Solutions in the 1st quarter valued at $171,000. 76.14% of the stock is owned by institutional investors and hedge funds.

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.