MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CFO Sells $220,558.68 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSIGet Rating) CFO John Kober sold 4,182 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $52.74, for a total transaction of $220,558.68. Following the sale, the chief financial officer now owns 77,471 shares of the company’s stock, valued at approximately $4,085,820.54. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

John Kober also recently made the following trade(s):

  • On Wednesday, February 16th, John Kober sold 6,015 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $60.47, for a total transaction of $363,727.05.

Shares of MTSI opened at $53.11 on Wednesday. The stock has a market capitalization of $3.71 billion, a P/E ratio of 18.83, a P/E/G ratio of 1.50 and a beta of 2.02. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $47.72 and a 1 year high of $80.30. The company’s fifty day moving average is $54.96 and its two-hundred day moving average is $64.26. The company has a debt-to-equity ratio of 1.09, a quick ratio of 6.50 and a current ratio of 7.49.

MACOM Technology Solutions (NASDAQ:MTSIGet Rating) last issued its earnings results on Thursday, April 28th. The semiconductor company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.66 by $0.02. The company had revenue of $165.15 million for the quarter, compared to analyst estimates of $163.14 million. MACOM Technology Solutions had a net margin of 31.70% and a return on equity of 27.62%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS. Sell-side analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.2 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. First Horizon Advisors Inc. boosted its position in shares of MACOM Technology Solutions by 357.7% during the 4th quarter. First Horizon Advisors Inc. now owns 357 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 279 shares in the last quarter. CWM LLC purchased a new stake in shares of MACOM Technology Solutions during the 4th quarter worth $33,000. Clearstead Advisors LLC purchased a new stake in shares of MACOM Technology Solutions in the 3rd quarter worth about $30,000. Covestor Ltd purchased a new stake in shares of MACOM Technology Solutions in the 4th quarter worth about $64,000. Finally, Captrust Financial Advisors boosted its position in shares of MACOM Technology Solutions by 27.6% in the 3rd quarter. Captrust Financial Advisors now owns 901 shares of the semiconductor company’s stock worth $58,000 after buying an additional 195 shares in the last quarter. Institutional investors own 97.56% of the company’s stock.

Several brokerages have recently weighed in on MTSI. Zacks Investment Research upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Monday, January 31st. Cowen cut their target price on shares of MACOM Technology Solutions from $80.00 to $72.00 in a report on Friday, April 29th. StockNews.com started coverage on shares of MACOM Technology Solutions in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Benchmark cut their target price on shares of MACOM Technology Solutions from $75.00 to $65.00 in a report on Friday, April 29th. Finally, Craig Hallum cut their target price on shares of MACOM Technology Solutions from $95.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, April 14th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $75.10.

About MACOM Technology Solutions (Get Rating)

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, the Asia Pacific, and internationally.

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