MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Sells $1,700,647.74 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 12,438 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.73, for a total value of $1,700,647.74. Following the transaction, the director now owns 6,500,755 shares in the company, valued at approximately $888,848,231.15. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, November 22nd, Susan Ocampo sold 40,192 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $133.40, for a total value of $5,361,612.80.
• 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 value of $223,625.00.
• On Friday, November 15th, Susan Ocampo sold 105,782 shares of MACOM Technology Solutions stock. The shares were 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 shares were 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 Stock Performance

NASDAQ MTSI opened at $131.67 on Friday. The stock has a market cap of $9.53 billion, a P/E ratio of 127.84, a PEG ratio of 2.38 and a beta of 1.69. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $79.25 and a twelve month high of $140.27. The company’s 50-day simple moving average is $118.31 and its 200 day simple moving average is $109.20.

Analyst Ratings Changes

A number of equities analysts have recently commented on MTSI shares. Benchmark boosted their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barclays lifted 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. Northland Securities increased their price objective on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research report on Monday, November 11th. Piper Sandler boosted their target price 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, JPMorgan Chase & Co. increased their price target on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.91.

Institutional Investors Weigh In On MACOM Technology Solutions

Several large investors have recently modified their holdings of MTSI. CANADA LIFE ASSURANCE Co boosted its stake in MACOM Technology Solutions by 1.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 31,011 shares of the semiconductor company’s stock valued at $2,963,000 after buying an additional 438 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of MACOM Technology Solutions by 12.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company’s stock worth $132,821,000 after purchasing an additional 154,066 shares during the last quarter. Tidal Investments LLC increased its position in shares of MACOM Technology Solutions by 175.1% during the 1st quarter. Tidal Investments LLC now owns 11,032 shares of the semiconductor company’s stock worth $1,055,000 after purchasing an additional 7,022 shares in the last quarter. GAMMA Investing LLC lifted its holdings in MACOM Technology Solutions by 153.0% during 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 during the last quarter. Finally, Fulton Bank N.A. boosted its position in MACOM Technology Solutions by 8.7% in the second quarter. Fulton Bank N.A. now owns 5,092 shares of the semiconductor company’s stock valued at $568,000 after buying an additional 409 shares in the last quarter. 76.14% of the stock is currently owned by 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.