MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Sells $306,360.00 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Rating) Director Charles R. Bland sold 6,000 shares of MACOM Technology Solutions stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $51.06, for a total value of $306,360.00. Following the transaction, the director now owns 32,257 shares in the company, valued at $1,647,042.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ:MTSI traded down $1.71 during midday trading on Tuesday, reaching $50.19. The company had a trading volume of 222,597 shares, compared to its average volume of 475,564. The company has a quick ratio of 6.50, a current ratio of 7.49 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average price is $54.64 and its 200 day moving average price is $63.62. The stock has a market cap of $3.51 billion, a PE ratio of 18.40, a P/E/G ratio of 1.51 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.

MACOM Technology Solutions (NASDAQ:MTSI – Get Rating) last released its earnings results on Thursday, April 28th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.02. The business had revenue of $165.15 million for the quarter, compared to the consensus estimate of $163.14 million. MACOM Technology Solutions had a return on equity of 27.62% and a net margin of 31.70%. MACOM Technology Solutions’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 earnings per share. On average, research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.2 earnings per share for the current fiscal year.

Several research firms have weighed in on MTSI. Cowen reduced their target price on MACOM Technology Solutions from $80.00 to $72.00 in a report on Friday, April 29th. Barclays dropped their price target on MACOM Technology Solutions from $90.00 to $75.00 and set an “overweight” rating on the stock in a research note on Monday, April 25th. Zacks Investment Research raised MACOM Technology Solutions from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research note on Monday, January 31st. Benchmark dropped their price target on MACOM Technology Solutions from $75.00 to $65.00 in a research note on Friday, April 29th. Finally, Cowen dropped their price target on MACOM Technology Solutions from $80.00 to $72.00 in a research note on Friday, April 29th. Ten 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 price target of $75.10.

Several large investors have recently added to or reduced their stakes in MTSI. UBS Asset Management Americas Inc. increased its position in MACOM Technology Solutions by 7.8% during the third quarter. UBS Asset Management Americas Inc. now owns 70,333 shares of the semiconductor company’s stock worth $4,562,000 after buying an additional 5,087 shares during the last quarter. Principal Financial Group Inc. increased its position in MACOM Technology Solutions by 20.0% during the fourth quarter. Principal Financial Group Inc. now owns 185,095 shares of the semiconductor company’s stock worth $14,492,000 after buying an additional 30,823 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in MACOM Technology Solutions during the fourth quarter worth approximately $3,869,000. Natixis Advisors L.P. increased its position in MACOM Technology Solutions by 11.7% during the fourth quarter. Natixis Advisors L.P. now owns 16,377 shares of the semiconductor company’s stock worth $1,282,000 after buying an additional 1,720 shares during the last quarter. Finally, Covestor Ltd acquired a new position in MACOM Technology Solutions during the fourth quarter worth approximately $64,000. 97.56% of the stock is currently owned by institutional investors and hedge funds.

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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