MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Robert Dennehy Sells 6,915 Shares

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Robert Dennehy sold 6,915 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $101.38, for a total transaction of $701,042.70. Following the completion of the transaction, the senior vice president now owns 19,481 shares of the company’s stock, valued at $1,974,983.78. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Robert Dennehy also recently made the following trade(s):

• On Wednesday, August 21st, Robert Dennehy sold 6,683 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $106.78, for a total value of $713,610.74.

MACOM Technology Solutions Trading Up 5.6 %

Shares of NASDAQ MTSI opened at $105.57 on Friday. The firm has a 50 day moving average price of $102.96 and a two-hundred day moving average price of $101.97. The stock has a market cap of $7.61 billion, a P/E ratio of 119.97, a price-to-earnings-growth ratio of 5.18 and a beta of 1.70. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $68.58 and a 52-week high of $118.76. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.33 and a current ratio of 8.18.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.66. The business had revenue of $190.50 million during the quarter, compared to the consensus estimate of $190.42 million. MACOM Technology Solutions had a return on equity of 12.59% and a net margin of 10.59%. MACOM Technology Solutions’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 earnings per share. As a group, equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 1.89 EPS for the current year.

Hedge Funds Weigh In On MACOM Technology Solutions

Hedge funds have recently made changes to their positions in the stock. Opal Wealth Advisors LLC bought a new position in MACOM Technology Solutions during the second quarter worth $39,000. Riverview Trust Co acquired a new position in shares of MACOM Technology Solutions in the 1st quarter valued at about $47,000. GAMMA Investing LLC boosted its position in shares of MACOM Technology Solutions by 153.0% during the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 283 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in MACOM Technology Solutions during the first quarter worth approximately $77,000. Finally, FSC Wealth Advisors LLC bought a new stake in MACOM Technology Solutions in the second quarter worth approximately $78,000. 76.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MTSI has been the subject of a number of research analyst reports. Benchmark reissued a “buy” rating and set a $120.00 price target on shares of MACOM Technology Solutions in a report on Thursday, September 12th. Needham & Company LLC boosted their target price on MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. increased their target price on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Stifel Nicolaus lifted their price target on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, Barclays increased their price objective on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $117.00.

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.