MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo Sells 70,000 Shares

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 70,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $106.26, for a total transaction of $7,438,200.00. Following the transaction, the director now owns 6,826,685 shares in the company, valued at approximately $725,403,548.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 transaction of $5,459,090.20.
• On Tuesday, August 20th, Susan Ocampo sold 93,728 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $106.32, for a total transaction of $9,965,160.96.
• On Thursday, August 15th, Susan Ocampo sold 305,395 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $106.48, for a total transaction of $32,518,459.60.
• On Tuesday, August 13th, Susan Ocampo sold 95,743 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $103.18, for a total transaction of $9,878,762.74.

MACOM Technology Solutions Trading Down 0.1 %

Shares of MTSI opened at $109.23 on Friday. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $68.58 and a fifty-two week high of $118.76. The business has a 50-day moving average of $106.12 and a 200 day moving average of $100.60. The firm has a market cap of $7.88 billion, a P/E ratio of 124.13, a price-to-earnings-growth ratio of 5.09 and a beta of 1.69. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.70 and a current ratio of 8.18.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.66. The firm had revenue of $190.50 million during the quarter, compared to analyst estimates of $190.42 million. MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business earned $0.42 earnings per share. As a group, research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 1.92 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MTSI. Needham & Company LLC raised their target price on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Jefferies Financial Group restated a “buy” rating and set a $135.00 price objective (up from $100.00) on shares of MACOM Technology Solutions in a research note on Monday, May 13th. Stifel Nicolaus lifted their price objective on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Craig Hallum increased their target price on shares of MACOM Technology Solutions from $95.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, Barclays boosted their price target on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $117.00.

Institutional Investors Weigh In On MACOM Technology Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Opal Wealth Advisors LLC bought a new position in shares of MACOM Technology Solutions in the second quarter worth $39,000. Riverview Trust Co bought a new stake in shares of MACOM Technology Solutions during the first quarter valued at about $47,000. GAMMA Investing LLC lifted its holdings in shares of MACOM Technology Solutions by 153.0% in the second quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock worth $52,000 after buying an additional 283 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of MACOM Technology Solutions in the first quarter valued at approximately $77,000. Finally, FSC Wealth Advisors LLC purchased a new position in MACOM Technology Solutions during the second quarter valued at approximately $78,000. 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.