Donghyun Thomas Hwang Sells 1,500 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Donghyun Thomas Hwang sold 1,500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $118.38, for a total value of $177,570.00. Following the transaction, the senior vice president now directly owns 37,102 shares of the company’s stock, valued at $4,392,134.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Donghyun Thomas Hwang also recently made the following trade(s):

• On Tuesday, September 3rd, Donghyun Thomas Hwang sold 4,375 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $104.57, for a total value of $457,493.75.

MACOM Technology Solutions Stock Down 0.9 %

Shares of MTSI opened at $137.86 on Friday. The company has a quick ratio of 6.33, a current ratio of 8.18 and a debt-to-equity ratio of 0.45. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $72.15 and a 52-week high of $140.27. The company has a market cap of $9.95 billion, a PE ratio of 140.67, a P/E/G ratio of 4.64 and a beta of 1.69. The business has a fifty day moving average of $110.59 and a 200 day moving average of $106.63.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MTSI. Millennium Management LLC boosted its position in shares of MACOM Technology Solutions by 958.1% during the second quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock valued at $149,214,000 after buying an additional 1,212,094 shares during the period. Hood River Capital Management LLC boosted its position in shares of MACOM Technology Solutions by 280.5% during the second quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock valued at $78,568,000 after buying an additional 519,603 shares during the period. Vanguard Group Inc. boosted its position in shares of MACOM Technology Solutions by 8.1% during the first quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock valued at $592,395,000 after buying an additional 465,759 shares during the period. F M Investments LLC purchased a new position in shares of MACOM Technology Solutions during the second quarter valued at approximately $18,817,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of MACOM Technology Solutions by 12.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company’s stock valued at $132,821,000 after acquiring an additional 154,066 shares in the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MTSI shares. Benchmark lifted their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday. Barclays lifted their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. lifted their price objective on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Stifel Nicolaus lifted their price objective on MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Piper Sandler lifted their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $128.00.

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.