MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Sells $189,969.62 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Ambra R. Roth sold 1,366 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $139.07, for a total transaction of $189,969.62. Following the completion of the transaction, the senior vice president now directly owns 6,564 shares in the company, valued at $912,855.48. This represents a 17.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MACOM Technology Solutions Stock Performance

MTSI stock opened at $139.04 on Friday. MACOM Technology Solutions Holdings, Inc. has a one year low of $79.25 and a one year high of $143.90. The firm has a market cap of $10.07 billion, a price-to-earnings ratio of 134.99, a PEG ratio of 2.42 and a beta of 1.71. 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 50-day simple moving average of $125.31 and a two-hundred day simple moving average of $112.09.

Institutional Investors Weigh In On MACOM Technology Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of MTSI. CWM LLC grew its holdings in MACOM Technology Solutions by 7.3% in the second quarter. CWM LLC now owns 1,451 shares of the semiconductor company’s stock worth $162,000 after purchasing an additional 99 shares during the last quarter. EP Wealth Advisors LLC grew its stake in MACOM Technology Solutions by 4.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 2,602 shares of the semiconductor company’s stock worth $290,000 after buying an additional 107 shares during the last quarter. Verdence Capital Advisors LLC increased its position in MACOM Technology Solutions by 6.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,371 shares of the semiconductor company’s stock valued at $264,000 after buying an additional 137 shares in the last quarter. Avior Wealth Management LLC raised its stake in MACOM Technology Solutions by 3.4% in the third quarter. Avior Wealth Management LLC now owns 4,802 shares of the semiconductor company’s stock valued at $534,000 after buying an additional 157 shares during the last quarter. Finally, Chartwell Investment Partners LLC boosted its holdings in MACOM Technology Solutions by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 25,014 shares of the semiconductor company’s stock worth $2,783,000 after acquiring an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MTSI. Benchmark raised their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Northland Securities raised their price objective on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a report on Monday, November 11th. Piper Sandler upped their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Barclays increased their price target 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. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, MACOM Technology Solutions presently has a consensus 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.