Susan Ocampo Sells 12,438 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 12,438 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.73, for a total transaction of $1,700,647.74. Following the transaction, the director now directly owns 6,500,755 shares in the company, valued at approximately $888,848,231.15. The trade was a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• 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 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 value 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 value of $13,082,059.94.
• On Wednesday, November 13th, Susan Ocampo sold 25,351 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $130.05, for a total value of $3,296,897.55.
• On Wednesday, August 28th, Susan Ocampo sold 70,000 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $106.26, for a total value of $7,438,200.00.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock opened at $131.67 on Thursday. The firm has a market capitalization of $9.53 billion, a PE ratio of 130.72, a P/E/G ratio of 2.38 and a beta of 1.69. The company has a 50 day moving average price of $117.68 and a 200-day moving average price of $109.04. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $79.25 and a 52 week high of $140.27. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MTSI. Barclays increased their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Piper Sandler lifted their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Needham & Company LLC raised their price objective on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Northland Securities lifted their price objective on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. increased their target price on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.91.

Institutional Investors Weigh In On MACOM Technology Solutions

Large investors have recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC purchased a new position in shares of MACOM Technology Solutions in the 2nd quarter worth $39,000. GAMMA Investing LLC grew its stake 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 during the period. Quarry LP purchased a new stake in shares of MACOM Technology Solutions during the 3rd quarter valued at about $57,000. Allspring Global Investments Holdings LLC bought a new position in shares of MACOM Technology Solutions in the 3rd quarter worth approximately $66,000. Finally, FSC Wealth Advisors LLC purchased a new position in shares of MACOM Technology Solutions in the second quarter worth approximately $78,000. Institutional investors own 76.14% of the company’s stock.

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.