MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) Director Geoffrey G. Ribar sold 6,656 shares of MACOM Technology Solutions stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total transaction of $809,436.16. Following the completion of the sale, the director now directly owns 14,031 shares of the company's stock, valued at approximately $1,706,309.91. This trade represents a 32.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
MACOM Technology Solutions Price Performance
MTSI opened at $123.12 on Friday. The company has a current ratio of 3.61, a quick ratio of 6.55 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $82.36 and a twelve month high of $152.50. The company's 50-day moving average price is $134.27 and its two-hundred day moving average price is $120.56.
MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. As a group, equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.71 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTSI. UMB Bank n.a. boosted its stake in MACOM Technology Solutions by 74.3% in the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 101 shares during the last quarter. Empowered Funds LLC purchased a new position in MACOM Technology Solutions in the fourth quarter valued at about $33,000. SBI Securities Co. Ltd. purchased a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at approximately $35,000. ORG Wealth Partners LLC purchased a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at approximately $36,000. Finally, Smartleaf Asset Management LLC boosted its holdings in MACOM Technology Solutions by 97.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock worth $36,000 after buying an additional 138 shares during the period. 76.14% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently commented on MTSI shares. Northland Securities raised shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Benchmark reissued a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Barclays boosted their target price on shares of 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 Capmk raised shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Finally, Piper Sandler upped 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. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $131.50.
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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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