Susan Ocampo Sells 40,192 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 40,192 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $133.40, for a total value of $5,361,612.80. Following the transaction, the director now owns 6,513,193 shares of the company’s stock, valued at approximately $868,859,946.20. This trade represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, November 25th, Susan Ocampo sold 12,438 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $136.73, for a total transaction of $1,700,647.74.
• On Monday, November 18th, Susan Ocampo sold 1,789 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $125.00, for a total transaction of $223,625.00.
• On Friday, November 15th, Susan Ocampo sold 105,782 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $123.67, for a total transaction of $13,082,059.94.
• On Wednesday, November 13th, Susan Ocampo sold 25,351 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $130.05, for a total value of $3,296,897.55.
• On Wednesday, August 28th, Susan Ocampo sold 70,000 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $106.26, for a total value of $7,438,200.00.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI traded down $0.73 during trading on Tuesday, reaching $134.64. The stock had a trading volume of 760,464 shares, compared to its average volume of 574,543. The stock has a market capitalization of $9.75 billion, a PE ratio of 129.72, a P/E/G ratio of 2.36 and a beta of 1.69. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $79.25 and a 52 week high of $140.27. The business’s 50-day moving average price is $117.02 and its 200 day moving average price is $108.81. 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

A number of institutional investors and hedge funds have recently bought and sold shares of MTSI. Opal Wealth Advisors LLC acquired a new stake in shares of MACOM Technology Solutions in the second quarter valued at $39,000. GAMMA Investing LLC grew its holdings in MACOM Technology Solutions by 153.0% during the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock worth $52,000 after acquiring an additional 283 shares during the last quarter. Quarry LP acquired a new stake in MACOM Technology Solutions in the 3rd quarter valued at about $57,000. Allspring Global Investments Holdings LLC bought a new position in shares of MACOM Technology Solutions in the third quarter worth about $66,000. Finally, FSC Wealth Advisors LLC acquired a new position in shares of MACOM Technology Solutions during the second quarter worth approximately $78,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MTSI shares. Northland Securities boosted 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. Barclays increased their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Piper Sandler lifted their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Needham & Company LLC upped their target price on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, MACOM Technology Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $125.91.

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.