MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo Sells 40,192 Shares of Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 40,192 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $133.40, for a total value of $5,361,612.80. Following the transaction, the director now directly owns 6,513,193 shares of the company’s stock, valued at $868,859,946.20. The trade was a 0.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, November 25th, Susan Ocampo sold 12,438 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $136.73, for a total value of $1,700,647.74.
• On Monday, November 18th, Susan Ocampo sold 1,789 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $125.00, for a total transaction of $223,625.00.
• On Friday, November 15th, Susan Ocampo sold 105,782 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $123.67, for a total transaction 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 transaction 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.

MACOM Technology Solutions Price Performance

MTSI opened at $134.64 on Wednesday. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $79.25 and a 52-week high of $140.27. The company has a 50 day moving average of $117.02 and a two-hundred day moving average of $108.81. The company has a market cap of $9.75 billion, a P/E ratio of 130.72, a P/E/G ratio of 2.36 and a beta of 1.69. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43.

Institutional Trading of MACOM Technology Solutions

Institutional investors have recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC purchased a new position in MACOM Technology Solutions in the second quarter valued at about $39,000. GAMMA Investing LLC grew its stake 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 valued at $52,000 after buying an additional 283 shares in the last quarter. Quarry LP purchased a new stake in shares of MACOM Technology Solutions during the 3rd quarter valued at about $57,000. Allspring Global Investments Holdings LLC acquired a new position in MACOM Technology Solutions during the 3rd quarter worth approximately $66,000. Finally, FSC Wealth Advisors LLC purchased a new position in MACOM Technology Solutions in the 2nd quarter worth approximately $78,000. 76.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MTSI has been the topic of a number of recent analyst reports. Needham & Company LLC increased their price target 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. Northland Securities raised their price target on 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. Piper Sandler lifted their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Barclays boosted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.