MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Geoffrey G. Ribar Sells 6,656 Shares

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Geoffrey G. Ribar sold 6,656 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total transaction of $809,436.16. Following the completion of the transaction, the director now directly owns 14,031 shares of the company’s stock, valued at approximately $1,706,309.91. This represents a 32.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

MACOM Technology Solutions Stock Performance

MTSI opened at $123.12 on Friday. The firm’s fifty day simple moving average is $134.27 and its two-hundred day simple moving average is $120.73. The company has a quick ratio of 6.55, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The company has a market cap of $9.15 billion, a price-to-earnings ratio of -85.50, a PEG ratio of 2.27 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $82.36 and a 52-week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly 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 positive return on equity of 12.42% and a negative net margin of 13.05%. Equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MACOM Technology Solutions

A number of institutional investors have recently bought and sold shares of the company. PDT Partners LLC purchased a new position in MACOM Technology Solutions during the fourth quarter worth about $624,000. Schonfeld Strategic Advisors LLC increased its position in shares of MACOM Technology Solutions by 53.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 8,092 shares of the semiconductor company’s stock valued at $1,051,000 after acquiring an additional 2,806 shares during the last quarter. Northern Trust Corp increased its position in shares of MACOM Technology Solutions by 21.6% during the fourth quarter. Northern Trust Corp now owns 479,046 shares of the semiconductor company’s stock valued at $62,233,000 after acquiring an additional 85,104 shares during the last quarter. Tudor Investment Corp ET AL increased its position in shares of MACOM Technology Solutions by 25.7% during the fourth quarter. Tudor Investment Corp ET AL now owns 274,947 shares of the semiconductor company’s stock valued at $35,718,000 after acquiring an additional 56,243 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at about $2,250,000. 76.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MTSI. Barclays increased their price objective 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. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Benchmark reiterated a “buy” rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Piper Sandler increased their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.