MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Sells $12,101,150.16 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 97,527 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $124.08, for a total value of $12,101,150.16. Following the transaction, the director now directly owns 4,689,225 shares in the company, valued at approximately $581,839,038. This represents a 2.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Tuesday, February 18th, Susan Ocampo sold 300,000 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $124.13, for a total value of $37,239,000.00.
• 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 stock was sold at an average price of $125.35, for a total transaction of $5,737,645.55.

MACOM Technology Solutions Stock Down 1.1 %

Shares of NASDAQ:MTSI traded down $1.38 during trading on Monday, reaching $119.27. The stock had a trading volume of 524,255 shares, compared to its average volume of 742,052. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $8.87 billion, a P/E ratio of -82.83, a PEG ratio of 2.42 and a beta of 1.71. The firm’s 50-day simple moving average is $132.86 and its 200 day simple moving average is $121.79. MACOM Technology Solutions Holdings, Inc. has a one year low of $84.21 and a one year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last released its 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%. As a group, research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Benchmark restated a “buy” rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Barclays increased their price objective on 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 raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Finally, Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Two research 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.50.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MTSI. Elequin Capital LP acquired a new position in shares of MACOM Technology Solutions in the fourth quarter worth about $26,000. UMB Bank n.a. grew its holdings in MACOM Technology Solutions by 74.3% in the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 101 shares during the period. Empowered Funds LLC purchased a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. purchased a new stake in MACOM Technology Solutions in the 4th quarter worth $35,000. Finally, ORG Wealth Partners LLC acquired a new position in MACOM Technology Solutions during the fourth quarter worth $36,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

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.