MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Sells $647,100.00 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Donghyun Thomas Hwang sold 6,471 shares of the firm’s stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total transaction of $647,100.00. Following the sale, the senior vice president now owns 35,603 shares of the company’s stock, valued at approximately $3,560,300. This represents a 15.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

MACOM Technology Solutions Stock Up 5.7 %

MTSI opened at $112.28 on Friday. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.00 and a 1-year high of $152.50. The firm’s 50 day simple moving average is $103.27 and its two-hundred day simple moving average is $120.81. 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 company has a market capitalization of $8.35 billion, a PE ratio of -77.97, a PEG ratio of 2.42 and a beta of 1.72.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing the consensus estimate 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%. As a group, equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Institutional Investors Weigh In On MACOM Technology Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at $35,000. Charles Schwab Investment Management Inc. raised its holdings in MACOM Technology Solutions by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company’s stock valued at $69,157,000 after acquiring an additional 1,719 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of MACOM Technology Solutions by 22.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 98,189 shares of the semiconductor company’s stock valued at $12,756,000 after acquiring an additional 18,055 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of MACOM Technology Solutions by 97.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 138 shares during the period. Finally, Covea Finance grew its position in shares of MACOM Technology Solutions by 8.0% during the fourth quarter. Covea Finance now owns 27,000 shares of the semiconductor company’s stock worth $3,508,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors own 76.14% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on MTSI. Northland Securities raised shares of 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 research report on Monday, February 10th. Northland Capmk upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Bank of America dropped their price objective on MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Stifel Nicolaus decreased their target price on MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Finally, Truist Financial assumed coverage on shares of MACOM Technology Solutions in a research note on Friday, April 11th. They issued a “buy” rating and a $125.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $128.64.

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.