Donghyun Thomas Hwang Sells 7,355 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction on Monday, January 27th. The stock was sold at an average price of $133.00, for a total transaction of $978,215.00. Following the completion of the transaction, the senior vice president now directly owns 43,657 shares in the company, valued at $5,806,381. This represents a 14.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Donghyun Thomas Hwang also recently made the following trade(s):

• On Wednesday, November 6th, Donghyun Thomas Hwang sold 1,500 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $118.38, for a total value of $177,570.00.

MACOM Technology Solutions Stock Up 3.1 %

MTSI stock opened at $130.86 on Friday. The company has a market capitalization of $9.73 billion, a P/E ratio of 127.05, a price-to-earnings-growth ratio of 2.58 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $79.25 and a 12 month high of $152.50. The firm’s fifty day simple moving average is $136.19 and its 200-day simple moving average is $118.88. 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 brokerages have weighed in on MTSI. Benchmark raised their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Piper Sandler lifted their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Barclays upped their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Northland Securities lifted their price objective on shares of 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. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $128.00.

Institutional Investors Weigh In On MACOM Technology Solutions

Several hedge funds have recently added to or reduced their stakes in MTSI. Louisiana State Employees Retirement System raised its stake in shares of MACOM Technology Solutions by 0.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company’s stock valued at $2,092,000 after buying an additional 100 shares during the last quarter. UMB Bank n.a. grew its holdings 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 acquiring an additional 101 shares during the period. EP Wealth Advisors LLC raised its position in MACOM Technology Solutions by 4.3% during the second quarter. EP Wealth Advisors LLC now owns 2,602 shares of the semiconductor company’s stock valued at $290,000 after acquiring an additional 107 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in MACOM Technology Solutions by 6.1% in the third quarter. Verdence Capital Advisors LLC now owns 2,371 shares of the semiconductor company’s stock valued at $264,000 after acquiring an additional 137 shares during the period. Finally, Avior Wealth Management LLC boosted its position in MACOM Technology Solutions by 3.4% in the 3rd quarter. Avior Wealth Management LLC now owns 4,802 shares of the semiconductor company’s stock worth $534,000 after purchasing an additional 157 shares in the last quarter. 76.14% of the stock is owned by hedge funds and other 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.