MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Free Report) major shareholder Susan Ocampo sold 62,476 shares of the stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $133.22, for a total value of $8,323,052.72. Following the sale, the insider owned 3,309,710 shares of the company’s stock, valued at approximately $440,919,566.20. This represents a 1.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Susan Ocampo also recently made the following trade(s):
- On Wednesday, October 8th, Susan Ocampo sold 150,000 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $133.03, for a total value of $19,954,500.00.
- On Thursday, September 18th, Susan Ocampo sold 150,000 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $133.09, for a total value of $19,963,500.00.
- On Wednesday, September 17th, Susan Ocampo sold 62,435 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $133.02, for a total value of $8,305,103.70.
- On Monday, September 15th, Susan Ocampo sold 150,424 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $132.43, for a total value of $19,920,650.32.
- 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 transaction 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 transaction of $10,717,248.59.
- On Wednesday, September 10th, Susan Ocampo sold 50,361 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $132.64, for a total transaction of $6,679,883.04.
- On Tuesday, September 9th, Susan Ocampo sold 45,986 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $131.12, for a total transaction 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 transaction 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 transaction of $14,885,467.75.
MACOM Technology Solutions Trading Down 0.2%
MACOM Technology Solutions stock opened at $132.98 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.83 and a quick ratio of 3.10. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of -131.66, a PEG ratio of 1.98 and a beta of 1.48. MACOM Technology Solutions Holdings, Inc. has a one year low of $84.00 and a one year high of $152.50. The company’s fifty day moving average price is $128.67 and its two-hundred day moving average price is $123.68.
Institutional Trading of MACOM Technology Solutions
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Opal Wealth Advisors LLC acquired a new position in shares of MACOM Technology Solutions during the first quarter valued at about $25,000. Hantz Financial Services Inc. grew its position in MACOM Technology Solutions by 174.0% during the second quarter. Hantz Financial Services Inc. now owns 211 shares of the semiconductor company’s stock worth $30,000 after buying an additional 134 shares in the last quarter. SVB Wealth LLC bought a new position in MACOM Technology Solutions during the first quarter valued at about $34,000. Allworth Financial LP increased its stake in MACOM Technology Solutions by 131.3% during the first quarter. Allworth Financial LP now owns 347 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 197 shares during the period. Finally, Maseco LLP acquired a new position in MACOM Technology Solutions in the 2nd quarter valued at approximately $48,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have commented on the company. Wall Street Zen downgraded MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. TD Cowen started coverage on shares of MACOM Technology Solutions in a report on Wednesday, October 1st. They set a “buy” rating and a $150.00 price objective for the company. Stifel Nicolaus raised their target price on shares of MACOM Technology Solutions from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Weiss Ratings reissued a “sell (d+)” rating on shares of MACOM Technology Solutions in a research report on Wednesday. Finally, Zacks Research upgraded shares of MACOM Technology Solutions from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, MACOM Technology Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $146.56.
Read Our Latest Stock Analysis on MACOM Technology Solutions
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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