Robert Dennehy Sells 2,539 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Robert Dennehy sold 2,539 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $120.80, for a total value of $306,711.20. Following the completion of the transaction, the senior vice president now directly owns 31,206 shares in the company, valued at approximately $3,769,684.80. This trade represents a 7.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Robert Dennehy also recently made the following trade(s):

• On Tuesday, September 17th, Robert Dennehy sold 6,915 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $101.38, for a total value of $701,042.70.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI opened at $134.50 on Friday. The company has a market cap of $9.74 billion, a PE ratio of 130.58, a price-to-earnings-growth ratio of 2.31 and a beta of 1.69. The stock’s 50 day simple moving average is $115.67 and its 200-day simple moving average is $108.27. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $79.25 and a 1-year high of $140.27. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55.

Hedge Funds Weigh In On MACOM Technology Solutions

Institutional investors have recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC purchased a new position in MACOM Technology Solutions during the second quarter worth approximately $39,000. GAMMA Investing LLC lifted its position in MACOM Technology Solutions by 153.0% during the second quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock worth $52,000 after buying an additional 283 shares in the last quarter. Quarry LP purchased a new position in MACOM Technology Solutions during the third quarter worth approximately $57,000. Allspring Global Investments Holdings LLC purchased a new position in MACOM Technology Solutions during the third quarter worth approximately $66,000. Finally, FSC Wealth Advisors LLC purchased a new position in MACOM Technology Solutions during the second quarter worth approximately $78,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on MTSI. Needham & Company LLC increased their price objective on MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. lifted their price target on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Benchmark upped their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Northland Securities raised their price objective on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research report on Monday, November 11th. Finally, Barclays increased their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $125.91.

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.