MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo Sells 16,490 Shares of Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSIGet Free Report) Director Susan Ocampo sold 16,490 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $103.02, for a total value of $1,698,799.80. Following the completion of the sale, the director now owns 6,972,027 shares of the company’s stock, valued at $718,258,221.54. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

  • On Tuesday, May 28th, Susan Ocampo sold 16,396 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $105.01, for a total value of $1,721,743.96.
  • On Friday, May 24th, Susan Ocampo sold 102,722 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $102.76, for a total value of $10,555,712.72.
  • On Wednesday, May 22nd, Susan Ocampo sold 131,187 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $102.53, for a total value of $13,450,603.11.
  • On Monday, May 20th, Susan Ocampo sold 161,140 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $102.88, for a total transaction of $16,578,083.20.
  • On Thursday, May 9th, Susan Ocampo sold 7,326 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $102.01, for a total transaction of $747,325.26.
  • On Tuesday, May 7th, Susan Ocampo sold 75,000 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $103.02, for a total transaction of $7,726,500.00.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ:MTSI opened at $101.93 on Tuesday. The firm has a fifty day simple moving average of $100.30 and a two-hundred day simple moving average of $92.42. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $58.40 and a 52 week high of $107.00. The company has a quick ratio of 5.70, a current ratio of 7.34 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $7.35 billion, a P/E ratio of 115.83, a PEG ratio of 5.17 and a beta of 1.67.

MACOM Technology Solutions (NASDAQ:MTSIGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.05). MACOM Technology Solutions had a return on equity of 12.67% and a net margin of 10.01%. The company had revenue of $181.23 million during the quarter, compared to analysts’ expectations of $180.97 million. On average, analysts expect that MACOM Technology Solutions Holdings, Inc. will post 1.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on MTSI. Craig Hallum boosted their price objective on MACOM Technology Solutions from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Benchmark upped their price target on MACOM Technology Solutions from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Jefferies Financial Group reiterated a “buy” rating and set a $135.00 price objective (up previously from $100.00) on shares of MACOM Technology Solutions in a research report on Monday, May 13th. Stifel Nicolaus upped their target price on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Finally, Barclays raised their target price on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $111.00.

Check Out Our Latest Report on MTSI

Hedge Funds Weigh In On MACOM Technology Solutions

Large investors have recently modified their holdings of the stock. Riverview Trust Co purchased a new position in MACOM Technology Solutions during the first quarter worth $47,000. Harvest Fund Management Co. Ltd bought a new stake in shares of MACOM Technology Solutions in the 4th quarter worth about $69,000. Fidelis Capital Partners LLC purchased a new position in shares of MACOM Technology Solutions during the 1st quarter worth about $77,000. RiverPark Advisors LLC grew its holdings in MACOM Technology Solutions by 29.1% during the 4th quarter. RiverPark Advisors LLC now owns 923 shares of the semiconductor company’s stock valued at $86,000 after purchasing an additional 208 shares during the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in MACOM Technology Solutions in the 4th quarter worth about $129,000. Institutional investors own 76.14% of the company’s stock.

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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Insider Buying and Selling by Quarter for MACOM Technology Solutions (NASDAQ:MTSI)

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