MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo Sells 105,782 Shares of Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 105,782 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $123.67, for a total transaction of $13,082,059.94. Following the sale, the director now owns 5,914,008 shares in the company, valued at approximately $731,385,369.36. This trade represents a 1.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, November 13th, Susan Ocampo sold 25,351 shares of MACOM Technology Solutions stock. The stock was 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 stock was sold at an average price of $106.26, for a total transaction 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 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 value of $9,965,160.96.

MACOM Technology Solutions Stock Performance

MTSI stock opened at $123.00 on Friday. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $79.25 and a 1 year high of $140.27. The stock has a market capitalization of $8.91 billion, a price-to-earnings ratio of 119.42, a PEG ratio of 2.42 and a beta of 1.69. 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 stock’s fifty day moving average is $113.44 and its two-hundred day moving average is $107.54.

Institutional Trading of MACOM Technology Solutions

Hedge funds have recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in shares of MACOM Technology Solutions in the second quarter valued at approximately $39,000. GAMMA Investing LLC increased its position in MACOM Technology Solutions by 153.0% in the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock valued at $52,000 after acquiring an additional 283 shares during the period. Quarry LP acquired a new position in MACOM Technology Solutions during the 3rd quarter worth $57,000. Allspring Global Investments Holdings LLC acquired a new position in MACOM Technology Solutions during the 3rd quarter worth $66,000. Finally, FSC Wealth Advisors LLC acquired a new position in shares of MACOM Technology Solutions during the second quarter valued at $78,000. 76.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on MTSI shares. Benchmark upped their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Needham & Company LLC boosted their price objective on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Barclays increased their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Northland Securities boosted their price target on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. raised 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. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.91.

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.