MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Sells $7,726,500.00 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 75,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $103.02, for a total transaction of $7,726,500.00. Following the completion of the transaction, the director now directly owns 7,912,681 shares of the company’s stock, valued at $815,164,396.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, February 29th, Susan Ocampo sold 34,186 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $88.00, for a total value of $3,008,368.00.
• On Monday, February 26th, Susan Ocampo sold 20,733 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $88.00, for a total value of $1,824,504.00.
• On Thursday, February 22nd, Susan Ocampo sold 140,711 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $87.32, for a total transaction of $12,286,884.52.
• On Wednesday, February 14th, Susan Ocampo sold 115,313 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $85.58, for a total value of $9,868,486.54.
• On Monday, February 12th, Susan Ocampo sold 200,000 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $85.00, for a total value of $17,000,000.00.

MACOM Technology Solutions Trading Down 0.0 %

Shares of MTSI traded down $0.04 during midday trading on Thursday, reaching $101.39. The company had a trading volume of 497,908 shares, compared to its average volume of 528,009. The firm has a 50 day simple moving average of $97.12 and a 200-day simple moving average of $88.82. 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 cap of $7.31 billion, a PE ratio of 115.22, a price-to-earnings-growth ratio of 7.99 and a beta of 1.65. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $54.21 and a 1-year high of $107.00.

Hedge Funds Weigh In On MACOM Technology Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the company. Riverview Trust Co acquired a new position in MACOM Technology Solutions in the first quarter valued at approximately $47,000. RiverPark Advisors LLC purchased a new position in shares of MACOM Technology Solutions during the 3rd quarter worth $58,000. Fidelis Capital Partners LLC acquired a new stake in shares of MACOM Technology Solutions during the 1st quarter worth about $77,000. Harvest Fund Management Co. Ltd acquired a new position in MACOM Technology Solutions in the fourth quarter valued at about $69,000. Finally, Hennessy Advisors Inc. purchased a new position in MACOM Technology Solutions during the fourth quarter worth about $129,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MTSI has been the topic of a number of analyst reports. TheStreet cut shares of MACOM Technology Solutions from a “b” rating to a “c+” rating in a research note on Thursday, February 1st. Benchmark raised their target price on MACOM Technology Solutions from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Monday. Needham & Company LLC increased their price target on MACOM Technology Solutions from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Evercore ISI started coverage on MACOM Technology Solutions in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $120.00 price objective for the company. Finally, Stifel Nicolaus increased their target price on MACOM Technology Solutions from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.33.

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.