MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CFO John Kober Sells 19,470 Shares

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CFO John Kober sold 19,470 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $126.88, for a total value of $2,470,353.60. Following the transaction, the chief financial officer now directly owns 51,489 shares in the company, valued at $6,532,924.32. This trade represents a 27.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

John Kober also recently made the following trade(s):

• On Tuesday, October 29th, John Kober sold 2,671 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $117.47, for a total value of $313,762.37.

MACOM Technology Solutions Trading Up 1.9 %

Shares of MACOM Technology Solutions stock traded up $2.45 during trading hours on Friday, hitting $133.78. The company’s stock had a trading volume of 64,079 shares, compared to its average volume of 570,958. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $79.25 and a 12 month high of $140.27. The stock has a 50 day moving average of $115.67 and a 200 day moving average of $108.27. The company has a market capitalization of $9.69 billion, a PE ratio of 127.51, a price-to-earnings-growth ratio of 2.20 and a beta of 1.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MTSI shares. Piper Sandler upped their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their target price on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Benchmark increased their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Northland Securities increased their target price on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. Finally, Barclays increased their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $125.91.

Institutional Investors Weigh In On MACOM Technology Solutions

Several large investors have recently modified their holdings of the business. Opal Wealth Advisors LLC bought a new position in shares of MACOM Technology Solutions during the second quarter worth about $39,000. GAMMA Investing LLC grew its holdings in shares of MACOM Technology Solutions by 153.0% during 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. Quarry LP bought a new position in shares of MACOM Technology Solutions during the third quarter worth about $57,000. Allspring Global Investments Holdings LLC bought a new position in shares of MACOM Technology Solutions during the third quarter worth about $66,000. Finally, FSC Wealth Advisors LLC bought a new position in shares of MACOM Technology Solutions during the second quarter worth about $78,000. 76.14% of the stock is currently owned by institutional investors.

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.