Insider Selling: MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Sells 97,527 Shares of Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) Director Susan Ocampo sold 97,527 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the completion of the transaction, the director now directly owns 4,689,225 shares of the company's stock, valued at $581,839,038. This represents a 2.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, February 18th, Susan Ocampo sold 300,000 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $124.13, for a total transaction of $37,239,000.00.
• On Friday, February 14th, Susan Ocampo sold 286,635 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $123.31, for a total transaction of $35,344,961.85.
• On Monday, February 10th, Susan Ocampo sold 45,773 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $125.35, for a total transaction of $5,737,645.55.

MACOM Technology Solutions Stock Performance

MACOM Technology Solutions stock traded down $2.77 during midday trading on Thursday, reaching $115.93. 387,225 shares of the stock traded hands, compared to its average volume of 734,186. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The firm has a fifty day moving average price of $131.71 and a two-hundred day moving average price of $122.00. The firm has a market cap of $8.62 billion, a price-to-earnings ratio of -80.42, a PEG ratio of 2.42 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $152.50.

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MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its 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 negative net margin of 13.05% and a positive return on equity of 12.42%. On average, equities research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of MACOM Technology Solutions by 6.0% in the 4th quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock worth $846,656,000 after acquiring an additional 368,979 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of MACOM Technology Solutions by 38.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company's stock worth $519,399,000 after buying an additional 1,120,510 shares during the period. Westfield Capital Management Co. LP raised its stake in MACOM Technology Solutions by 21.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company's stock valued at $134,686,000 after purchasing an additional 210,151 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of MACOM Technology Solutions by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,022,565 shares of the semiconductor company's stock valued at $132,882,000 after buying an additional 6,784 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of MACOM Technology Solutions by 14.8% in the 4th quarter. Millennium Management LLC now owns 850,687 shares of the semiconductor company's stock valued at $110,513,000 after buying an additional 109,529 shares in the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Northland Capmk upgraded shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Benchmark restated a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Finally, Barclays raised 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. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock 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.