MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Sells $189,969.62 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Ambra R. Roth sold 1,366 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $139.07, for a total value of $189,969.62. Following the sale, the senior vice president now owns 6,564 shares of the company’s stock, valued at $912,855.48. This represents a 17.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

MACOM Technology Solutions Trading Up 2.2 %

MTSI stock traded up $2.97 during mid-day trading on Wednesday, reaching $137.97. The company had a trading volume of 405,413 shares, compared to its average volume of 572,064. The company has a market capitalization of $9.99 billion, a PE ratio of 131.07, a price-to-earnings-growth ratio of 2.44 and a beta of 1.71. The firm has a 50 day moving average of $123.57 and a 200 day moving average of $111.47. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $79.25 and a 12 month high of $143.90. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Northland Securities upped their price objective on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a report on Monday, November 11th. Piper Sandler boosted their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Benchmark lifted their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Barclays raised their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Three research 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $125.91.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Quarry LP purchased a new stake in MACOM Technology Solutions in the third quarter worth about $57,000. Allspring Global Investments Holdings LLC purchased a new position in MACOM Technology Solutions in the third quarter valued at about $66,000. FSC Wealth Advisors LLC purchased a new stake in MACOM Technology Solutions during the second quarter valued at approximately $78,000. GAMMA Investing LLC boosted its holdings in MACOM Technology Solutions by 75.4% in the third quarter. GAMMA Investing LLC now owns 821 shares of the semiconductor company’s stock worth $91,000 after acquiring an additional 353 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of MACOM Technology Solutions by 303.5% during the third quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company’s stock valued at $102,000 after acquiring an additional 692 shares in the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

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.