MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Sells $978,215.00 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) SVP Donghyun Thomas Hwang sold 7,355 shares of the firm's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $133.00, for a total transaction of $978,215.00. Following the transaction, the senior vice president now owns 43,657 shares of the company's stock, valued at approximately $5,806,381. This represents a 14.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, November 6th, Donghyun Thomas Hwang sold 1,500 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $118.38, for a total value of $177,570.00.

MACOM Technology Solutions Trading Up 1.1 %

MTSI stock traded up $1.39 during midday trading on Friday, reaching $132.25. The stock had a trading volume of 583,628 shares, compared to its average volume of 594,709. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $79.25 and a twelve month high of $152.50. The firm has a market cap of $9.83 billion, a price-to-earnings ratio of 128.40, a PEG ratio of 2.22 and a beta of 1.71. The business has a fifty day simple moving average of $136.15 and a two-hundred day simple moving average of $119.10.

Institutional Investors Weigh In On MACOM Technology Solutions

A number of institutional investors and hedge funds have recently modified their holdings of MTSI. Venturi Wealth Management LLC acquired a new stake in shares of MACOM Technology Solutions during the fourth quarter worth $160,000. CIBC Asset Management Inc boosted its holdings in MACOM Technology Solutions by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company's stock worth $292,000 after buying an additional 112 shares during the last quarter. Sheaff Brock Investment Advisors LLC acquired a new position in shares of MACOM Technology Solutions during the 4th quarter worth about $402,000. Blue Trust Inc. increased its stake in shares of MACOM Technology Solutions by 122.2% in the 4th quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company's stock valued at $62,000 after acquiring an additional 264 shares during the last quarter. Finally, HMS Capital Management LLC acquired a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at approximately $425,000. 76.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MTSI has been the subject of several recent analyst reports. Benchmark increased their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Barclays increased their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. Northland Securities upped their price objective on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a "market perform" rating in a research note on Monday, November 11th. Finally, Piper Sandler lifted their target price 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. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $128.00.

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.