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 the business’s stock in a transaction dated 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 sale, the director now owns 4,689,225 shares of the company’s stock, valued at approximately $581,839,038. This represents a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 transaction 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 transaction 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 transaction of $5,737,645.55.

MACOM Technology Solutions Trading Down 1.1 %

Shares of MTSI opened at $119.27 on Tuesday. The firm has a market cap of $8.87 billion, a P/E ratio of -82.83, 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 current ratio of 3.61 and a quick ratio of 2.88. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.21 and a 1 year high of $152.50. The company has a 50 day simple moving average of $132.42 and a two-hundred day simple moving average of $121.92.

MACOM Technology Solutions (NASDAQ:MTSI) last posted 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 negative net margin of 13.05% and a positive return on equity of 12.42%. On average, equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MACOM Technology Solutions

Hedge funds have recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its stake in MACOM Technology Solutions by 0.6% in the 4th quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company’s stock worth $2,092,000 after acquiring an additional 100 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of MACOM Technology Solutions by 1.4% in the fourth quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company’s stock valued at $930,000 after purchasing an additional 100 shares in the last quarter. UMB Bank n.a. grew 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. Quadrant Capital Group LLC increased its position in MACOM Technology Solutions by 8.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company’s stock worth $174,000 after purchasing an additional 101 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its stake in MACOM Technology Solutions by 4.2% during the third quarter. EP Wealth Advisors LLC now owns 2,712 shares of the semiconductor company’s stock valued at $302,000 after purchasing an additional 110 shares in the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MTSI. Barclays lifted their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Benchmark reaffirmed a “buy” rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research 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. Finally, Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $105.00 to $140.00 in a report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.