Insider Selling: MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CEO Sells 4,742 Shares of Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CEO Stephen G. Daly sold 4,742 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $118.32, for a total value of $561,073.44. Following the completion of the transaction, the chief executive officer now directly owns 65,577 shares of the company’s stock, valued at $7,759,070.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

MACOM Technology Solutions Trading Down 4.6 %

Shares of MTSI stock opened at $112.40 on Friday. The firm has a market cap of $8.11 billion, a P/E ratio of 114.69, a price-to-earnings-growth ratio of 4.63 and a beta of 1.70. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $68.58 and a 12-month high of $122.60. The company has a quick ratio of 6.33, a current ratio of 8.18 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of $108.39 and a two-hundred day moving average price of $105.39.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.66. The business had revenue of $190.50 million for the quarter, compared to analyst estimates of $190.42 million. MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 EPS. Equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 1.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Verity Asset Management Inc. purchased a new stake in MACOM Technology Solutions in the third quarter worth $288,000. Harbor Capital Advisors Inc. bought a new position in MACOM Technology Solutions in the 3rd quarter worth $688,000. Farther Finance Advisors LLC lifted its position in shares of MACOM Technology Solutions by 303.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company’s stock worth $102,000 after purchasing an additional 692 shares during the period. New York State Common Retirement Fund boosted its stake in shares of MACOM Technology Solutions by 1.9% during the 3rd quarter. New York State Common Retirement Fund now owns 263,830 shares of the semiconductor company’s stock valued at $29,354,000 after purchasing an additional 4,813 shares in the last quarter. Finally, Stephens Investment Management Group LLC increased its position in shares of MACOM Technology Solutions by 6.3% during the third quarter. Stephens Investment Management Group LLC now owns 505,621 shares of the semiconductor company’s stock valued at $56,255,000 after buying an additional 29,882 shares during the period. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on MTSI shares. JPMorgan Chase & Co. raised their target price on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Stifel Nicolaus raised their price objective on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Piper Sandler boosted their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Barclays increased their target price on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Needham & Company LLC boosted their price target on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $120.00.

About MACOM Technology Solutions

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.