MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CFO Sells $1,407,324.68 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CFO John Kober sold 13,666 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $102.98, for a total transaction of $1,407,324.68. Following the completion of the sale, the chief financial officer now directly owns 47,006 shares of the company’s stock, valued at $4,840,677.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

MACOM Technology Solutions Stock Down 0.0 %

NASDAQ MTSI opened at $101.39 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 7.34 and a quick ratio of 5.70. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $54.21 and a fifty-two week high of $107.00. The stock has a market capitalization of $7.31 billion, a PE ratio of 115.22, a PEG ratio of 7.99 and a beta of 1.65. The business has a fifty day moving average price of $97.38 and a two-hundred day moving average price of $88.91.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System grew its holdings in shares of MACOM Technology Solutions by 15.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 17,965 shares of the semiconductor company’s stock worth $1,718,000 after purchasing an additional 2,337 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of MACOM Technology Solutions by 6.6% during the first quarter. ProShare Advisors LLC now owns 12,633 shares of the semiconductor company’s stock valued at $1,208,000 after buying an additional 780 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of MACOM Technology Solutions by 303.7% in the first quarter. Russell Investments Group Ltd. now owns 23,591 shares of the semiconductor company’s stock valued at $2,256,000 after acquiring an additional 17,748 shares in the last quarter. Sei Investments Co. raised its holdings in shares of MACOM Technology Solutions by 14.4% in the 1st quarter. Sei Investments Co. now owns 297,615 shares of the semiconductor company’s stock worth $28,464,000 after purchasing an additional 37,407 shares during the period. Finally, Swiss National Bank increased its holdings in MACOM Technology Solutions by 1.8% in the 1st quarter. Swiss National Bank now owns 113,850 shares of the semiconductor company’s stock worth $10,889,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Evercore ISI began coverage on MACOM Technology Solutions in a research note on Tuesday, April 16th. They set an “outperform” rating and a $120.00 price target for the company. Stifel Nicolaus upped their target price on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. TheStreet cut shares of MACOM Technology Solutions from a “b” rating to a “c+” rating in a research report on Thursday, February 1st. Barclays increased their target price on MACOM Technology Solutions from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Finally, Craig Hallum increased their price objective on MACOM Technology Solutions from $95.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $108.33.

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.