MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Charles R. Bland sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $45.01, for a total value of $22,505.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

MACOM Technology Solutions Holdings, Inc. (NASDAQ MTSI) traded down 0.97% during midday trading on Wednesday, hitting $42.76. The stock had a trading volume of 659,927 shares. MACOM Technology Solutions Holdings, Inc. has a one year low of $35.33 and a one year high of $65.99. The stock has a 50-day moving average price of $43.17 and a 200 day moving average price of $50.87. The firm’s market cap is $2.75 billion.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last announced its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.01). The company had revenue of $194.56 million during the quarter, compared to the consensus estimate of $194.93 million. MACOM Technology Solutions Holdings had a positive return on equity of 17.21% and a negative net margin of 22.43%. The company’s revenue for the quarter was up 36.7% on a year-over-year basis. During the same period last year, the business posted $0.51 EPS. On average, analysts predict that MACOM Technology Solutions Holdings, Inc. will post $2.33 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Insider Selling: MACOM Technology Solutions Holdings, Inc. (MTSI) Director Sells 500 Shares of Stock” was first published by Watch List News and is owned by of Watch List News. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.watchlistnews.com/insider-selling-macom-technology-solutions-holdings-inc-mtsi-director-sells-500-shares-of-stock/1608636.html.

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded MACOM Technology Solutions Holdings from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Craig Hallum reiterated a “buy” rating and issued a $54.00 price objective on shares of MACOM Technology Solutions Holdings in a research note on Tuesday. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of MACOM Technology Solutions Holdings in a research note on Thursday, September 14th. Needham & Company LLC reiterated a “buy” rating and issued a $56.00 price objective on shares of MACOM Technology Solutions Holdings in a research note on Tuesday, September 5th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $63.00 price objective (down previously from $70.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $58.20.

Several hedge funds and other institutional investors have recently made changes to their positions in MTSI. Strs Ohio bought a new stake in shares of MACOM Technology Solutions Holdings in the 2nd quarter worth approximately $105,000. Oppenheimer Asset Management Inc. bought a new stake in shares of MACOM Technology Solutions Holdings in the 1st quarter worth approximately $116,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of MACOM Technology Solutions Holdings by 10.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock worth $121,000 after purchasing an additional 199 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of MACOM Technology Solutions Holdings by 7.9% in the 1st quarter. Fifth Third Bancorp now owns 2,590 shares of the semiconductor company’s stock worth $125,000 after purchasing an additional 189 shares during the last quarter. Finally, Advisor Group Inc. lifted its holdings in shares of MACOM Technology Solutions Holdings by 6.6% in the 2nd quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock worth $128,000 after purchasing an additional 143 shares during the last quarter. 79.65% of the stock is currently owned by institutional investors and hedge funds.

About MACOM Technology Solutions Holdings

MACOM Technology Solutions Holdings, Inc is a provider of high-performance analog semiconductor solutions that enable Internet applications, the cloud-connected applications economy, and the networked battlefield across the radio frequency (RF), microwave, millimeterwave and photonic spectrum. It has multiple design centers, silicon, gallium arsenide and indium phosphide fabrication, manufacturing, assembly and test, and operational facilities throughout North America, Europe, Asia and Australia.

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

Receive News & Ratings for MACOM Technology Solutions Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MACOM Technology Solutions Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.