MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo Sells 45,773 Shares

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 45,773 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $125.35, for a total value of $5,737,645.55. Following the completion of the transaction, the director now owns 5,509,746 shares of the company’s stock, valued at $690,646,661.10. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 stock was sold at an average price of $133.40, for a total transaction of $5,361,612.80.
• On Monday, November 18th, Susan Ocampo sold 1,789 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $125.00, for a total transaction of $223,625.00.
• On Friday, November 15th, Susan Ocampo sold 105,782 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $123.67, for a total transaction of $13,082,059.94.

MACOM Technology Solutions Price Performance

NASDAQ:MTSI opened at $122.09 on Friday. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $82.36 and a 52-week high of $152.50. The stock has a fifty day moving average of $134.59 and a 200 day moving average of $120.40. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.55 and a current ratio of 3.61. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of -84.78, a P/E/G ratio of 2.27 and a beta of 1.71.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) 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%. On average, research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Northland Capmk raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday. Barclays lifted their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Northland Securities upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $105.00 to $140.00 in a research note on Monday. Benchmark reiterated a “buy” rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research report on Monday. Finally, Piper Sandler boosted their price target on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.50.

Hedge Funds Weigh In On MACOM Technology Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citigroup Inc. grew its position in MACOM Technology Solutions by 46.2% in the third quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company’s stock worth $7,672,000 after acquiring an additional 21,786 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in MACOM Technology Solutions by 21.0% during the third 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. The Manufacturers Life Insurance Company boosted its holdings in shares of MACOM Technology Solutions by 18.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock worth $82,945,000 after purchasing an additional 116,090 shares in the last quarter. Algert Global LLC increased its position in shares of MACOM Technology Solutions by 103.6% during the 3rd quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company’s stock valued at $1,315,000 after purchasing an additional 6,015 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of MACOM Technology Solutions during the 3rd quarter valued at about $11,005,000. Hedge funds and other 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.