MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Free Report) major shareholder Susan Ocampo sold 50,361 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $132.64, for a total value of $6,679,883.04. Following the completion of the sale, the insider owned 3,905,804 shares of the company’s stock, valued at $518,065,842.56. The trade was a 1.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Susan Ocampo also recently made the following trade(s):
- On Friday, September 12th, Susan Ocampo sold 89,868 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $132.86, for a total value of $11,939,862.48.
- On Thursday, September 11th, Susan Ocampo sold 80,891 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $132.49, for a total value of $10,717,248.59.
- On Tuesday, September 9th, Susan Ocampo sold 45,986 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $131.12, for a total value of $6,029,684.32.
- On Monday, September 8th, Susan Ocampo sold 3,195 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $132.06, for a total value of $421,931.70.
- On Friday, September 5th, Susan Ocampo sold 113,275 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $131.41, for a total value of $14,885,467.75.
MACOM Technology Solutions Stock Up 0.6%
MACOM Technology Solutions stock opened at $131.87 on Friday. The business has a fifty day moving average of $132.38 and a two-hundred day moving average of $121.01. The company has a quick ratio of 3.10, a current ratio of 3.83 and a debt-to-equity ratio of 0.32. The firm has a market cap of $9.82 billion, a P/E ratio of -130.56, a P/E/G ratio of 2.49 and a beta of 1.49. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $84.00 and a twelve month high of $152.50.
Hedge Funds Weigh In On MACOM Technology Solutions
A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position 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 purchasing an additional 129,201 shares in the last quarter. Invesco Ltd. increased its position in shares of MACOM Technology Solutions by 3.2% in the 2nd quarter. Invesco Ltd. now owns 3,464,854 shares of the semiconductor company’s stock valued at $496,479,000 after acquiring an additional 106,004 shares during the period. Alliancebernstein L.P. increased its position in shares of MACOM Technology Solutions by 2.4% in the 1st quarter. Alliancebernstein L.P. now owns 1,468,782 shares of the semiconductor company’s stock valued at $147,436,000 after acquiring an additional 34,214 shares during the period. GW&K Investment Management LLC increased its position in shares of MACOM Technology Solutions by 9.9% in the 1st quarter. GW&K Investment Management LLC now owns 1,275,048 shares of the semiconductor company’s stock valued at $127,990,000 after acquiring an additional 114,780 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of MACOM Technology Solutions by 2.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,152,581 shares of the semiconductor company’s stock valued at $165,177,000 after acquiring an additional 28,257 shares during the period. 76.14% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have weighed in on MTSI shares. Truist Financial upped their target price on MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Wall Street Zen upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Sunday, July 20th. Bank of America upped their target price on MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, June 24th. Stifel Nicolaus upped their price target on MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Finally, Zacks Research raised MACOM Technology Solutions from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $146.13.
Check Out Our Latest Analysis on MTSI
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.
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