Insider Selling: MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Sells 300,000 Shares of Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 300,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $124.13, for a total transaction of $37,239,000.00. Following the sale, the director now owns 4,823,636 shares in the company, valued at $598,757,936.68. This represents a 5.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, February 14th, Susan Ocampo sold 286,635 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $123.31, for a total value of $35,344,961.85.
• On Monday, February 10th, Susan Ocampo sold 45,773 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $125.35, for a total value of $5,737,645.55.
• On Monday, November 25th, Susan Ocampo sold 12,438 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $136.73, for a total value of $1,700,647.74.
• On Friday, November 22nd, Susan Ocampo sold 40,192 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $133.40, for a total value of $5,361,612.80.

MACOM Technology Solutions Stock Performance

Shares of MACOM Technology Solutions stock opened at $124.01 on Friday. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $82.36 and a twelve month high of $152.50. The company’s fifty day moving average is $133.23 and its 200 day moving average is $121.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. On average, sell-side analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Institutional Trading of MACOM Technology Solutions

Institutional investors have recently added to or reduced their stakes in the stock. Elequin Capital LP acquired a new position in shares of MACOM Technology Solutions in the 4th quarter worth approximately $26,000. UMB Bank n.a. raised its stake in MACOM Technology Solutions by 74.3% during the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after buying an additional 101 shares during the last quarter. Empowered Funds LLC acquired a new position in MACOM Technology Solutions in the fourth quarter valued at $33,000. SBI Securities Co. Ltd. acquired a new position in MACOM Technology Solutions in the fourth quarter valued at $35,000. Finally, ORG Wealth Partners LLC bought a new stake in MACOM Technology Solutions during the fourth quarter valued at $36,000. 76.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MTSI shares. Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Piper Sandler increased their price objective on shares of 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 boosted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Northland Capmk upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Benchmark restated a “buy” rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.50.

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.