MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CEO Stephen G. Daly Sells 2,380 Shares

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CEO Stephen G. Daly sold 2,380 shares of the business’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $125.70, for a total value of $299,166.00. Following the completion of the transaction, the chief executive officer now directly owns 24,573 shares in the company, valued at approximately $3,088,826.10. This represents a 8.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

MACOM Technology Solutions Stock Up 0.8%

Shares of MACOM Technology Solutions stock opened at $132.29 on Friday. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $152.50. The business has a 50-day moving average of $113.46 and a two-hundred day moving average of $120.82. The company has a market capitalization of $9.83 billion, a P/E ratio of -91.87, a price-to-earnings-growth ratio of 2.42 and a beta of 1.40. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. The business had revenue of $235.89 million during the quarter, compared to the consensus estimate of $230.04 million. MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. MACOM Technology Solutions’s quarterly revenue was up 30.2% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share. As a group, equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of MACOM Technology Solutions by 2.0% during the first quarter. Vanguard Group Inc. now owns 6,646,452 shares of the semiconductor company’s stock worth $667,171,000 after buying an additional 129,201 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position 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 purchasing an additional 1,120,510 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of MACOM Technology Solutions by 2.4% during the 1st quarter. Alliancebernstein L.P. now owns 1,468,782 shares of the semiconductor company’s stock worth $147,436,000 after purchasing an additional 34,214 shares during the last quarter. GW&K Investment Management LLC raised its stake in shares of MACOM Technology Solutions by 9.9% during the 1st quarter. GW&K Investment Management LLC now owns 1,275,048 shares of the semiconductor company’s stock worth $127,990,000 after purchasing an additional 114,780 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of MACOM Technology Solutions by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,022,565 shares of the semiconductor company’s stock worth $132,882,000 after purchasing an additional 6,784 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MTSI. Bank of America cut their price target on MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Barclays increased their price target on MACOM Technology Solutions from $125.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. BNP Paribas raised MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 target price on the stock in a research note on Wednesday, April 9th. Benchmark reissued a “buy” rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research note on Friday, May 9th. Finally, Truist Financial initiated coverage on MACOM Technology Solutions in a research note on Friday, April 11th. They issued a “buy” rating and a $125.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $130.50.

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.