Insider Selling: MACOM Technology Solutions (NASDAQ:MTSI) SVP Sells $1,028,919.32 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Donghyun Thomas Hwang sold 3,718 shares of MACOM Technology Solutions stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $276.74, for a total value of $1,028,919.32. Following the sale, the senior vice president directly owned 34,886 shares in the company, valued at $9,654,351.64. The trade was a 9.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI opened at $309.81 on Thursday. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $110.09 and a 1-year high of $314.16. The firm has a market capitalization of $23.24 billion, a PE ratio of 145.45, a PEG ratio of 5.04 and a beta of 1.60. The business’s 50 day moving average is $247.09 and its 200-day moving average is $208.24. The company has a current ratio of 3.96, a quick ratio of 3.18 and a debt-to-equity ratio of 0.30.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.03. MACOM Technology Solutions had a return on equity of 15.55% and a net margin of 15.88%.The company had revenue of $271.61 million for the quarter, compared to analyst estimates of $269.02 million. During the same quarter last year, the firm earned $0.79 EPS. MACOM Technology Solutions’s revenue for the quarter was up 24.5% compared to the same quarter last year. Sell-side analysts predict that MACOM Technology Solutions Holdings, Inc. will post 3.2 earnings per share for the current year.

Hedge Funds Weigh In On MACOM Technology Solutions

Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. raised its position in MACOM Technology Solutions by 5.1% in the 3rd quarter. Principal Financial Group Inc. now owns 142,120 shares of the semiconductor company’s stock valued at $17,693,000 after purchasing an additional 6,874 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in MACOM Technology Solutions by 22.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 98,880 shares of the semiconductor company’s stock valued at $16,936,000 after purchasing an additional 18,096 shares during the last quarter. Bryce Point Capital LLC bought a new position in MACOM Technology Solutions in the 3rd quarter valued at $572,000. Hantz Financial Services Inc. raised its position in MACOM Technology Solutions by 2,180.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 4,811 shares of the semiconductor company’s stock valued at $599,000 after purchasing an additional 4,600 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in MACOM Technology Solutions by 33.9% in the 4th quarter. SG Americas Securities LLC now owns 54,033 shares of the semiconductor company’s stock valued at $9,255,000 after purchasing an additional 13,668 shares during the last quarter. Institutional investors own 76.14% of the company’s stock.

Analyst Ratings Changes

MTSI has been the topic of several recent research reports. Benchmark lifted their price objective on MACOM Technology Solutions from $160.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, February 6th. JPMorgan Chase & Co. raised their target price on MACOM Technology Solutions from $165.00 to $240.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Wall Street Zen downgraded MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Loop Capital initiated coverage on MACOM Technology Solutions in a research report on Friday, April 10th. They set a “buy” rating and a $300.00 target price for the company. Finally, Weiss Ratings upgraded MACOM Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $251.45.

About MACOM Technology Solutions

MACOM Technology Solutions is a semiconductor company specializing in high-performance analog, microwave, millimeter-wave and photonic semiconductor solutions. Its product portfolio includes amplifiers, switches, modulators, detectors and integrated circuits designed to optimize signal integrity, power management and data transmission. MACOM’s offerings address both digital and optical domains, providing critical building blocks for next-generation communications infrastructure.

The company’s solutions serve a diverse set of end markets, including wireless and wireline telecom, data centers, satellite communications, aerospace and defense, industrial and automotive applications.