Insider Selling: MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Sells 105,782 Shares of Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 105,782 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $123.67, for a total transaction of $13,082,059.94. Following the completion of the sale, the director now directly owns 5,914,008 shares of the company’s stock, valued at approximately $731,385,369.36. This trade represents a 1.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, November 13th, Susan Ocampo sold 25,351 shares of MACOM Technology Solutions stock. The stock was 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.
• On Friday, August 23rd, Susan Ocampo sold 51,010 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $107.02, for a total transaction of $5,459,090.20.
• On Tuesday, August 20th, Susan Ocampo sold 93,728 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $106.32, for a total transaction of $9,965,160.96.

MACOM Technology Solutions Trading Down 3.0 %

MTSI stock traded down $3.76 during mid-day trading on Friday, reaching $123.00. 581,319 shares of the stock traded hands, compared to its average volume of 571,187. The company has a current ratio of 8.35, a quick ratio of 6.55 and a debt-to-equity ratio of 0.43. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $79.25 and a 52-week high of $140.27. The company has a market cap of $8.91 billion, a P/E ratio of 119.42, a P/E/G ratio of 2.42 and a beta of 1.69. The stock’s fifty day moving average is $113.44 and its 200-day moving average is $107.54.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Piper Sandler raised 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. Barclays raised their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. lifted their target price on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Northland Securities boosted their price objective on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research report on Monday. Finally, Benchmark boosted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $125.91.

Institutional Trading of MACOM Technology Solutions

Hedge funds have recently made changes to their positions in the stock. Millennium Management LLC grew its holdings in MACOM Technology Solutions by 958.1% during the second quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock valued at $149,214,000 after purchasing an additional 1,212,094 shares during the last quarter. Hood River Capital Management LLC grew its stake in shares of MACOM Technology Solutions by 280.5% in the second quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock worth $78,568,000 after acquiring an additional 519,603 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of MACOM Technology Solutions by 8.1% in the first quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock worth $592,395,000 after acquiring an additional 465,759 shares during the last quarter. Westfield Capital Management Co. LP grew its stake in shares of MACOM Technology Solutions by 21.0% in the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after acquiring an additional 210,151 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of MACOM Technology Solutions by 52.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company’s stock worth $59,037,000 after acquiring an additional 182,058 shares during the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

MACOM Technology Solutions Company Profile

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.