MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo Sells 131,187 Shares

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 131,187 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $102.53, for a total value of $13,450,603.11. Following the completion of the sale, the director now owns 7,161,709 shares of the company’s stock, valued at approximately $734,290,023.77. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, May 20th, Susan Ocampo sold 161,140 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $102.88, for a total transaction of $16,578,083.20.
• On Thursday, May 9th, Susan Ocampo sold 7,326 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $102.01, for a total transaction of $747,325.26.
• On Tuesday, May 7th, Susan Ocampo sold 75,000 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $103.02, for a total transaction of $7,726,500.00.
• On Thursday, February 29th, Susan Ocampo sold 34,186 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $88.00, for a total value of $3,008,368.00.
• On Monday, February 26th, Susan Ocampo sold 20,733 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $88.00, for a total value of $1,824,504.00.

MACOM Technology Solutions Stock Up 0.9 %

MACOM Technology Solutions stock traded up $0.90 during trading hours on Friday, reaching $102.33. The stock had a trading volume of 531,520 shares, compared to its average volume of 632,015. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $57.47 and a 52 week high of $107.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 7.34 and a quick ratio of 5.70. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 116.28, a PEG ratio of 5.16 and a beta of 1.65. The business’s 50 day moving average price is $99.43 and its 200-day moving average price is $91.18.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.05). The company had revenue of $181.23 million for the quarter, compared to analysts’ expectations of $180.97 million. MACOM Technology Solutions had a return on equity of 12.67% and a net margin of 10.01%. Sell-side analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 1.93 EPS for the current year.

Institutional Trading of MACOM Technology Solutions

Several large investors have recently bought and sold shares of MTSI. Duality Advisers LP raised its stake in MACOM Technology Solutions by 5.9% during the 4th quarter. Duality Advisers LP now owns 2,727 shares of the semiconductor company’s stock valued at $253,000 after acquiring an additional 152 shares in the last quarter. New York State Teachers Retirement System grew its position in MACOM Technology Solutions by 2.5% during the 4th quarter. New York State Teachers Retirement System now owns 8,226 shares of the semiconductor company’s stock worth $765,000 after acquiring an additional 200 shares during the last quarter. RiverPark Advisors LLC lifted its holdings in MACOM Technology Solutions by 29.1% during the 4th quarter. RiverPark Advisors LLC now owns 923 shares of the semiconductor company’s stock worth $86,000 after buying an additional 208 shares in the last quarter. Yousif Capital Management LLC raised its stake in MACOM Technology Solutions by 0.9% during the 4th quarter. Yousif Capital Management LLC now owns 25,085 shares of the semiconductor company’s stock worth $2,332,000 after buying an additional 215 shares during the period. Finally, Arizona State Retirement System increased its holdings in MACOM Technology Solutions by 1.6% during the 3rd quarter. Arizona State Retirement System now owns 16,146 shares of the semiconductor company’s stock worth $1,317,000 after purchasing an additional 252 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MTSI. Needham & Company LLC increased their price objective on MACOM Technology Solutions from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Benchmark increased their price target on shares of MACOM Technology Solutions from $95.00 to $115.00 and gave the company a “buy” rating in a report on Monday, May 6th. TheStreet lowered shares of MACOM Technology Solutions from a “b” rating to a “c+” rating in a research report on Thursday, February 1st. Craig Hallum lifted their target price on shares of MACOM Technology Solutions from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Finally, Evercore ISI began coverage on shares of MACOM Technology Solutions in a report on Tuesday, April 16th. They set an “outperform” rating and a $120.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.00.

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.