Geoffrey G. Ribar Sells 6,656 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Geoffrey G. Ribar sold 6,656 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total transaction of $809,436.16. Following the completion of the sale, the director now owns 14,031 shares in the company, valued at approximately $1,706,309.91. This trade represents a 32.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

MACOM Technology Solutions Price Performance

Shares of MTSI opened at $123.12 on Friday. The company has a 50 day moving average price of $134.27 and a 200-day moving average price of $120.73. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $82.36 and a fifty-two week high of $152.50. The stock has a market capitalization of $9.15 billion, a PE ratio of -85.50, a PEG ratio of 2.27 and a beta of 1.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.55 and a current ratio of 3.61.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.38). MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. Equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Benchmark restated a “buy” rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a report on Monday, February 10th. Piper Sandler upped their price target on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a report 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 report on Friday, November 8th. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and upped their price target for the company from $105.00 to $140.00 in a report on Monday, February 10th. Finally, Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $131.50.

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 lifted its position in MACOM Technology Solutions by 16.4% during the third quarter. CWM LLC now owns 1,689 shares of the semiconductor company’s stock valued at $188,000 after acquiring an additional 238 shares during the last quarter. Creative Planning raised its holdings in shares of MACOM Technology Solutions by 11.3% in the third quarter. Creative Planning now owns 10,421 shares of the semiconductor company’s stock worth $1,159,000 after buying an additional 1,059 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of MACOM Technology Solutions in the third quarter worth $367,000. Raymond James & Associates raised its holdings in shares of MACOM Technology Solutions by 5.2% in the third quarter. Raymond James & Associates now owns 38,917 shares of the semiconductor company’s stock worth $4,330,000 after buying an additional 1,924 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of MACOM Technology Solutions in the third quarter worth $66,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.

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.