MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) SVP Ambra R. Roth sold 1,366 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $139.07, for a total transaction of $189,969.62. Following the transaction, the senior vice president now directly owns 6,564 shares in the company, valued at $912,855.48. The trade was a 17.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
MACOM Technology Solutions Price Performance
NASDAQ:MTSI opened at $137.97 on Thursday. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $79.25 and a 52-week high of $143.90. The company has a market cap of $9.99 billion, a P/E ratio of 133.95, a P/E/G ratio of 2.44 and a beta of 1.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.55 and a current ratio of 8.35. The stock's 50-day simple moving average is $124.16 and its 200 day simple moving average is $111.66.
Institutional Inflows and Outflows
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Institutional investors have recently made changes to their positions in the stock. Quarry LP acquired a new stake in shares of MACOM Technology Solutions in the 3rd quarter valued at approximately $57,000. Allspring Global Investments Holdings LLC acquired a new stake in MACOM Technology Solutions in the third quarter valued at $66,000. FSC Wealth Advisors LLC bought a new position in shares of MACOM Technology Solutions in the 2nd quarter valued at about $78,000. GAMMA Investing LLC increased its stake in shares of MACOM Technology Solutions by 75.4% during the 3rd quarter. GAMMA Investing LLC now owns 821 shares of the semiconductor company's stock worth $91,000 after purchasing an additional 353 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of MACOM Technology Solutions by 303.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company's stock valued at $102,000 after purchasing an additional 692 shares during the period. Institutional investors and hedge funds own 76.14% of the company's stock.
Analyst Ratings Changes
MTSI has been the subject of a number of research analyst reports. Piper Sandler boosted their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Barclays upped their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Benchmark increased 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, Northland Securities lifted their price target on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a "market perform" rating in a research note on Monday, November 11th. 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 has a consensus rating of "Moderate Buy" and an average target price of $125.91.
Read Our Latest Research Report on MTSI
About MACOM Technology Solutions
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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.
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