Insider Selling: MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Sells 6,471 Shares of Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Donghyun Thomas Hwang sold 6,471 shares of MACOM Technology Solutions stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $100.00, for a total transaction of $647,100.00. Following the completion of the sale, the senior vice president now directly owns 35,603 shares in the company, valued at approximately $3,560,300. This represents a 15.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI opened at $112.28 on Friday. The company’s 50 day simple moving average is $103.27 and its two-hundred day simple moving average is $120.76. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $152.50. The stock has a market capitalization of $8.35 billion, a PE ratio of -77.97, a P/E/G ratio of 2.42 and a beta of 1.72.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. Analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Opal Wealth Advisors LLC purchased a new position in MACOM Technology Solutions in the 1st quarter worth approximately $25,000. Elequin Capital LP bought a new stake in shares of MACOM Technology Solutions during the 4th quarter worth $26,000. Versant Capital Management Inc grew its position in MACOM Technology Solutions by 9,400.0% in the first quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 282 shares in the last quarter. UMB Bank n.a. increased 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. Finally, Empowered Funds LLC purchased a new stake in MACOM Technology Solutions during the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Truist Financial started coverage on shares of MACOM Technology Solutions in a report on Friday, April 11th. They issued a “buy” rating and a $125.00 price target on the stock. BNP Paribas raised MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price target on the stock in a research report on Wednesday, April 9th. Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Bank of America dropped their price objective on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Finally, Stifel Nicolaus reduced their target price on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $127.92.

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.