MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) Director Susan Ocampo sold 97,527 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $124.08, for a total value of $12,101,150.16. Following the completion of the sale, the director now directly owns 4,689,225 shares of the company's stock, valued at $581,839,038. The trade was a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Susan Ocampo also recently made the following trade(s):
- On Tuesday, February 18th, Susan Ocampo sold 300,000 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $124.13, for a total value of $37,239,000.00.
- On Friday, February 14th, Susan Ocampo sold 286,635 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $123.31, for a total value of $35,344,961.85.
- On Monday, February 10th, Susan Ocampo sold 45,773 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $125.35, for a total transaction of $5,737,645.55.
MACOM Technology Solutions Trading Down 1.1 %
MTSI opened at $119.27 on Tuesday. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $84.21 and a 52 week high of $152.50. The company has a market capitalization of $8.87 billion, a P/E ratio of -82.83, a PEG ratio of 2.42 and a beta of 1.71. The stock's fifty day moving average is $132.42 and its two-hundred day moving average is $121.92. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33.
MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing the consensus estimate 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%. Analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.
Institutional Investors Weigh In On MACOM Technology Solutions
Several hedge funds have recently modified their holdings of MTSI. Elequin Capital LP bought a new position in MACOM Technology Solutions in the fourth quarter worth approximately $26,000. UMB Bank n.a. increased its holdings in shares of MACOM Technology Solutions by 74.3% in the 4th 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 period. Empowered Funds LLC bought a new position in shares of MACOM Technology Solutions in the 4th quarter worth $33,000. SBI Securities Co. Ltd. purchased a new stake in shares of MACOM Technology Solutions during the 4th quarter worth $35,000. Finally, ORG Wealth Partners LLC bought a new stake in MACOM Technology Solutions during the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 76.14% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. Benchmark reaffirmed a "buy" rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Barclays upped their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. Finally, Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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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