MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Sells $5,361,612.80 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 40,192 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $133.40, for a total transaction of $5,361,612.80. Following the transaction, the director now owns 6,513,193 shares of the company’s stock, valued at approximately $868,859,946.20. This represents a 0.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 Monday, November 18th, Susan Ocampo sold 1,789 shares of MACOM Technology Solutions stock. The stock was 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.
• On Wednesday, November 13th, Susan Ocampo sold 25,351 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $130.05, for a total transaction of $3,296,897.55.
• On Wednesday, August 28th, Susan Ocampo sold 70,000 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $106.26, for a total transaction of $7,438,200.00.

MACOM Technology Solutions Trading Down 2.2 %

Shares of MTSI opened at $131.67 on Thursday. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $79.25 and a 1-year high of $140.27. The company has a 50-day moving average of $117.68 and a 200 day moving average of $109.04. The firm has a market capitalization of $9.53 billion, a price-to-earnings ratio of 130.72, a PEG ratio of 2.38 and a beta of 1.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55.

Institutional Investors Weigh In On MACOM Technology Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC bought a new stake in shares of MACOM Technology Solutions in the 2nd quarter valued at about $39,000. GAMMA Investing LLC raised its holdings in shares of MACOM Technology Solutions by 153.0% in 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. Quarry LP bought a new stake in shares of MACOM Technology Solutions in the 3rd quarter valued at about $57,000. Allspring Global Investments Holdings LLC bought a new stake in shares of MACOM Technology Solutions in the 3rd quarter valued at about $66,000. Finally, FSC Wealth Advisors LLC bought a new stake in shares of MACOM Technology Solutions in the 2nd quarter valued at about $78,000. Institutional investors own 76.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MTSI shares. Needham & Company LLC increased their price objective on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. increased their price objective on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Benchmark increased their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Barclays increased 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 report on Friday, November 8th. Finally, Piper Sandler increased their price objective 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. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $125.91.

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.