MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Sells $13,082,059.94 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 105,782 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $123.67, for a total transaction of $13,082,059.94. Following the sale, the director now directly owns 5,914,008 shares in the company, valued at approximately $731,385,369.36. The trade was a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 shares were sold at an average price of $106.26, for a total value of $7,438,200.00.
• On Friday, August 23rd, Susan Ocampo sold 51,010 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $107.02, for a total value of $5,459,090.20.
• On Tuesday, August 20th, Susan Ocampo sold 93,728 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $106.32, for a total value of $9,965,160.96.

MACOM Technology Solutions Stock Down 3.0 %

MTSI stock opened at $123.00 on Monday. The stock has a market capitalization of $8.91 billion, a PE ratio of 119.42, a price-to-earnings-growth ratio of 2.16 and a beta of 1.69. The company has a fifty day moving average of $113.44 and a 200-day moving average of $107.64. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.55 and a current ratio of 8.35. MACOM Technology Solutions Holdings, Inc. has a one year low of $79.25 and a one year high of $140.27.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MTSI shares. Needham & Company LLC increased their target price on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. increased their price objective on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Barclays boosted their target price on 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 increased 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 note on Friday, October 25th. Finally, Benchmark raised their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.91.

Institutional Investors Weigh In On MACOM Technology Solutions

A number of hedge funds have recently added to or reduced their stakes in MTSI. Geode Capital Management LLC increased its position in MACOM Technology Solutions by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company’s stock worth $113,044,000 after purchasing an additional 46,812 shares during the period. M&T Bank Corp purchased a new stake in shares of MACOM Technology Solutions in the third quarter valued at approximately $221,000. EP Wealth Advisors LLC grew its holdings 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 worth $302,000 after acquiring an additional 110 shares during the period. Symmetry Peak Management LLC purchased a new position in MACOM Technology Solutions in the third quarter worth $250,000. Finally, Quantinno Capital Management LP acquired a new stake in MACOM Technology Solutions in the third quarter valued at $251,000. Institutional investors and hedge funds 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.