Donghyun Thomas Hwang Sells 1,500 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Donghyun Thomas Hwang sold 1,500 shares of MACOM Technology Solutions stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $118.38, for a total value of $177,570.00. Following the sale, the senior vice president now directly owns 37,102 shares of the company’s stock, valued at approximately $4,392,134.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Donghyun Thomas Hwang also recently made the following trade(s):

• On Tuesday, September 3rd, Donghyun Thomas Hwang sold 4,375 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $104.57, for a total value of $457,493.75.

MACOM Technology Solutions Price Performance

MACOM Technology Solutions stock traded down $1.28 during midday trading on Friday, reaching $137.86. The company’s stock had a trading volume of 1,071,348 shares, compared to its average volume of 571,330. The stock has a market cap of $9.95 billion, a PE ratio of 133.84, a price-to-earnings-growth ratio of 4.33 and a beta of 1.69. The company has a current ratio of 8.18, a quick ratio of 6.33 and a debt-to-equity ratio of 0.45. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $72.15 and a 52 week high of $140.27. The business has a 50-day moving average price of $110.02 and a 200-day moving average price of $106.28.

Analyst Ratings Changes

MTSI has been the topic of a number of recent research reports. Needham & Company LLC raised their price target on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Benchmark lifted their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research report on Friday. Barclays boosted their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. raised their price objective on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Piper Sandler upped their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.00.

Hedge Funds Weigh In On MACOM Technology Solutions

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in MACOM Technology Solutions by 8.1% in the first quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock valued at $592,395,000 after purchasing an additional 465,759 shares during the last quarter. Sei Investments Co. raised its holdings in MACOM Technology Solutions by 14.4% in the 1st quarter. Sei Investments Co. now owns 297,615 shares of the semiconductor company’s stock valued at $28,464,000 after buying an additional 37,407 shares during the last quarter. Tidal Investments LLC boosted its position in MACOM Technology Solutions by 175.1% during the 1st quarter. Tidal Investments LLC now owns 11,032 shares of the semiconductor company’s stock worth $1,055,000 after buying an additional 7,022 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in MACOM Technology Solutions by 12.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company’s stock worth $132,821,000 after acquiring an additional 154,066 shares during the last quarter. Finally, Thornburg Investment Management Inc. increased its position in MACOM Technology Solutions by 44.1% in the 1st quarter. Thornburg Investment Management Inc. now owns 94,819 shares of the semiconductor company’s stock valued at $9,088,000 after acquiring an additional 29,004 shares during the period. 76.14% of the stock is currently owned by institutional investors and hedge funds.

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.