Insider Selling: MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Sells 6,656 Shares of Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) Director Geoffrey G. Ribar sold 6,656 shares of MACOM Technology Solutions stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total value of $809,436.16. Following the transaction, the director now owns 14,031 shares in the company, valued at $1,706,309.91. This trade represents a 32.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

MACOM Technology Solutions Trading Up 0.6 %

Shares of NASDAQ MTSI traded up $0.68 during trading hours on Tuesday, reaching $123.80. The stock had a trading volume of 178,949 shares, compared to its average volume of 727,619. The company has a current ratio of 3.61, a quick ratio of 6.55 and a debt-to-equity ratio of 0.33. The firm has a market cap of $9.20 billion, a price-to-earnings ratio of -85.97, a P/E/G ratio of 2.27 and a beta of 1.71. The business's fifty day moving average price is $133.97 and its two-hundred day moving average price is $121.04. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $82.36 and a 52-week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. Analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.71 EPS for the current fiscal year.

Institutional Investors Weigh In On MACOM Technology Solutions

Hedge funds have recently added to or reduced their stakes in the business. Elequin Capital LP purchased a new stake in MACOM Technology Solutions in the fourth quarter valued at $26,000. UMB Bank n.a. boosted its holdings in MACOM Technology Solutions by 74.3% in the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 101 shares during the last quarter. Empowered Funds LLC purchased a new stake in MACOM Technology Solutions in the fourth quarter valued at $33,000. SBI Securities Co. Ltd. purchased a new stake in MACOM Technology Solutions in the fourth quarter valued at $35,000. Finally, ORG Wealth Partners LLC purchased a new stake in MACOM Technology Solutions in the fourth quarter valued at $36,000. 76.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MTSI shares. Barclays raised their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and raised their price target for the company from $105.00 to $140.00 in a report on Monday, February 10th. Piper Sandler raised their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Northland Capmk raised MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, Benchmark reissued a "buy" rating and set a $160.00 price target on shares of MACOM Technology Solutions in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and an average target price of $131.50.

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.