MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo Sells 97,527 Shares

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 97,527 shares of MACOM Technology Solutions stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the completion of the transaction, the director now directly owns 4,689,225 shares in the company, valued at $581,839,038. This represents a 2.04 % 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.

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 transaction of $37,239,000.00.
• On Friday, February 14th, Susan Ocampo sold 286,635 shares of MACOM Technology Solutions stock. The shares were 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 shares were sold at an average price of $125.35, for a total value of $5,737,645.55.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI opened at $116.31 on Wednesday. MACOM Technology Solutions Holdings, Inc. has a one year low of $84.21 and a one year high of $152.50. The company has a market capitalization of $8.65 billion, a PE ratio of -80.77, a price-to-earnings-growth ratio of 2.42 and a beta of 1.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. The stock has a fifty day moving average of $131.99 and a 200-day moving average of $122.02.

MACOM Technology Solutions (NASDAQ:MTSI) last issued 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 negative net margin of 13.05% and a positive return on equity of 12.42%. As a group, equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Institutional Investors Weigh In On MACOM Technology Solutions

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in MACOM Technology Solutions by 6.0% during the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company’s stock worth $846,656,000 after buying an additional 368,979 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in MACOM Technology Solutions by 38.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company’s stock valued at $519,399,000 after acquiring an additional 1,120,510 shares in the last quarter. Westfield Capital Management Co. LP raised its position in MACOM Technology Solutions by 21.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after purchasing an additional 210,151 shares during the last quarter. Geode Capital Management LLC raised its position in shares of MACOM Technology Solutions by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,022,565 shares of the semiconductor company’s stock worth $132,882,000 after acquiring an additional 6,784 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of MACOM Technology Solutions by 14.8% in the 4th quarter. Millennium Management LLC now owns 850,687 shares of the semiconductor company’s stock valued at $110,513,000 after purchasing an additional 109,529 shares during the last quarter. Institutional investors own 76.14% of the company’s stock.

Analysts Set New Price Targets

MTSI has been the subject of a number of analyst reports. Benchmark reissued a “buy” rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a report on Monday, February 10th. Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Northland Capmk raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Finally, 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 note on Friday, November 8th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.50.

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.