Susan Ocampo Sells 300,000 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 300,000 shares of MACOM Technology Solutions stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.13, for a total transaction of $37,239,000.00. Following the transaction, the director now directly owns 4,823,636 shares of the company’s stock, valued at $598,757,936.68. The trade was a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, February 14th, Susan Ocampo sold 286,635 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $123.31, for a total value of $35,344,961.85.
• On Monday, February 10th, Susan Ocampo sold 45,773 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $125.35, for a total value of $5,737,645.55.
• 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 value of $1,700,647.74.
• On Friday, November 22nd, Susan Ocampo sold 40,192 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $133.40, for a total value of $5,361,612.80.

MACOM Technology Solutions Price Performance

Shares of MTSI stock opened at $120.65 on Friday. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $152.50. The firm has a market capitalization of $8.97 billion, a price-to-earnings ratio of -83.78, a PEG ratio of 2.42 and a beta of 1.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. The stock’s 50-day simple moving average is $132.86 and its 200-day simple moving average is $121.44.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. As a group, equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on MTSI. Barclays lifted their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Northland Securities upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $105.00 to $140.00 in a report on Monday, February 10th. Benchmark restated a “buy” rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a report on Monday, February 10th. Northland Capmk upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, Piper Sandler lifted their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $131.50.

Institutional Investors Weigh In On MACOM Technology Solutions

Large investors have recently bought and sold shares of the company. Elequin Capital LP purchased a new stake in MACOM Technology Solutions in the fourth quarter valued at approximately $26,000. UMB Bank n.a. boosted its position in MACOM Technology Solutions by 74.3% in the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 101 shares during the last quarter. Empowered Funds LLC purchased a new stake in MACOM Technology Solutions in the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. purchased a new stake in MACOM Technology Solutions in the fourth quarter valued at approximately $35,000. Finally, ORG Wealth Partners LLC purchased a new stake in MACOM Technology Solutions in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.

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.