Insider Selling: MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CFO Sells $292,702.50 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CFO John Kober sold 2,250 shares of MACOM Technology Solutions stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total transaction of $292,702.50. Following the transaction, the chief financial officer now owns 49,239 shares of the company’s stock, valued at $6,405,501.51. This represents a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, November 20th, John Kober sold 19,470 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $126.88, for a total transaction of $2,470,353.60.
• On Tuesday, October 29th, John Kober sold 2,671 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $117.47, for a total value of $313,762.37.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock opened at $135.55 on Thursday. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $79.25 and a 52 week high of $143.90. The firm’s 50-day simple moving average is $132.33 and its two-hundred day simple moving average is $116.07. The firm has a market cap of $9.81 billion, a price-to-earnings ratio of 131.60, a P/E/G ratio of 2.43 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.

Wall Street Analyst Weigh In

MTSI has been the subject of several recent research reports. Piper Sandler upped their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Barclays upped 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 Securities raised their price target on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research report on Monday, November 11th. Finally, Benchmark increased their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.00.

Institutional Investors Weigh In On MACOM Technology Solutions

A number of hedge funds have recently modified their holdings of the stock. Fulton Bank N.A. increased its position in MACOM Technology Solutions by 7.7% in the fourth quarter. Fulton Bank N.A. now owns 5,281 shares of the semiconductor company’s stock worth $686,000 after buying an additional 377 shares during the last quarter. Everence Capital Management Inc. bought a new position in shares of MACOM Technology Solutions during the 4th quarter worth $201,000. GAMMA Investing LLC increased its holdings in MACOM Technology Solutions by 42.5% in the 4th quarter. GAMMA Investing LLC now owns 1,170 shares of the semiconductor company’s stock worth $152,000 after acquiring an additional 349 shares during the last quarter. Retirement Systems of Alabama raised its stake in MACOM Technology Solutions by 2.6% in the 3rd quarter. Retirement Systems of Alabama now owns 99,555 shares of the semiconductor company’s stock valued at $11,076,000 after acquiring an additional 2,517 shares during the period. Finally, Tidal Investments LLC lifted its holdings in MACOM Technology Solutions by 16.8% during the third quarter. Tidal Investments LLC now owns 15,071 shares of the semiconductor company’s stock valued at $1,677,000 after purchasing an additional 2,169 shares during the last quarter. Institutional investors own 76.14% of the company’s stock.

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.