MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo Sells 286,635 Shares

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 286,635 shares of MACOM Technology Solutions stock in a transaction on Friday, February 14th. The stock was sold at an average price of $123.31, for a total transaction of $35,344,961.85. Following the completion of the transaction, the director now directly owns 5,123,636 shares of the company’s stock, valued at approximately $631,795,555.16. This represents a 5.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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.
• On Monday, November 25th, Susan Ocampo sold 12,438 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $136.73, for a total transaction of $1,700,647.74.
• On Friday, November 22nd, Susan Ocampo sold 40,192 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $133.40, for a total value of $5,361,612.80.

MACOM Technology Solutions Stock Up 1.1 %

MTSI stock opened at $124.51 on Wednesday. The firm’s 50-day moving average is $133.76 and its two-hundred day moving average is $121.23. The company has a current ratio of 3.61, a quick ratio of 6.55 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $9.26 billion, a price-to-earnings ratio of -86.47, a price-to-earnings-growth ratio of 2.27 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $82.36 and a 52 week 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 analysts’ consensus estimates 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%. On average, analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on MTSI. Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Benchmark restated a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Barclays lifted their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Finally, Piper Sandler upped 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 report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, MACOM Technology Solutions presently has an average rating of “Moderate Buy” and an average target price of $131.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MTSI. Elequin Capital LP bought a new stake in shares of MACOM Technology Solutions in the 4th quarter worth approximately $26,000. UMB Bank n.a. lifted its holdings in shares of 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 in the last quarter. Empowered Funds LLC purchased a new position in shares of MACOM Technology Solutions during the fourth quarter valued at $33,000. SBI Securities Co. Ltd. purchased a new position in shares of MACOM Technology Solutions during the fourth quarter valued at $35,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of MACOM Technology Solutions during the fourth quarter worth approximately $36,000. 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.