MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CEO Stephen G. Daly Sells 4,742 Shares of Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CEO Stephen G. Daly sold 4,742 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $118.32, for a total transaction of $561,073.44. Following the sale, the chief executive officer now directly owns 65,577 shares in the company, valued at approximately $7,759,070.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI opened at $119.58 on Wednesday. The company has a 50-day simple moving average of $108.16 and a 200-day simple moving average of $105.30. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.18 and a quick ratio of 6.33. The company has a market cap of $8.63 billion, a PE ratio of 122.02, a price-to-earnings-growth ratio of 4.63 and a beta of 1.70. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $68.58 and a 12 month high of $122.60.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. The firm had revenue of $190.50 million during the quarter, compared to analysts’ expectations of $190.42 million. During the same period in the previous year, the company earned $0.42 EPS. MACOM Technology Solutions’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 1.89 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Benchmark reissued a “buy” rating and issued a $120.00 target price on shares of MACOM Technology Solutions in a report on Thursday, September 12th. Needham & Company LLC lifted their price target on MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Piper Sandler boosted 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 report on Friday, October 25th. Finally, Barclays raised their target price on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Two 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $120.00.

Hedge Funds Weigh In On MACOM Technology Solutions

Institutional investors have recently added to or reduced their stakes in the business. CWM LLC boosted its stake in MACOM Technology Solutions by 7.3% in the 2nd quarter. CWM LLC now owns 1,451 shares of the semiconductor company’s stock worth $162,000 after buying an additional 99 shares during the last quarter. EP Wealth Advisors LLC boosted its position in shares of MACOM Technology Solutions by 4.3% in the second quarter. EP Wealth Advisors LLC now owns 2,602 shares of the semiconductor company’s stock worth $290,000 after acquiring an additional 107 shares during the last quarter. TD Asset Management Inc grew its holdings in MACOM Technology Solutions by 0.6% in the second quarter. TD Asset Management Inc now owns 39,244 shares of the semiconductor company’s stock valued at $4,375,000 after purchasing an additional 244 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in MACOM Technology Solutions by 2.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,470 shares of the semiconductor company’s stock worth $1,390,000 after purchasing an additional 273 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in MACOM Technology Solutions by 153.0% during the second quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 283 shares during the period. 76.14% of the stock is currently owned by institutional investors and hedge funds.

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.