MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CFO Sells $1,407,324.68 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CFO John Kober sold 13,666 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $102.98, for a total value of $1,407,324.68. Following the sale, the chief financial officer now directly owns 47,006 shares of the company’s stock, valued at $4,840,677.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

MACOM Technology Solutions Trading Down 0.0 %

Shares of NASDAQ MTSI traded down $0.04 during trading on Thursday, hitting $101.39. 497,908 shares of the company traded hands, compared to its average volume of 528,009. The company has a quick ratio of 5.70, a current ratio of 7.34 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $7.31 billion, a P/E ratio of 115.22, a P/E/G ratio of 7.99 and a beta of 1.65. The company has a 50-day moving average price of $97.12 and a 200-day moving average price of $88.82. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $54.21 and a 1 year high of $107.00.

Institutional Investors Weigh In On MACOM Technology Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Duality Advisers LP grew its holdings in shares of MACOM Technology Solutions by 5.9% during the 4th quarter. Duality Advisers LP now owns 2,727 shares of the semiconductor company’s stock worth $253,000 after purchasing an additional 152 shares during the period. State of Michigan Retirement System lifted its holdings in shares of MACOM Technology Solutions by 1.6% during the 3rd quarter. State of Michigan Retirement System now owns 12,900 shares of the semiconductor company’s stock valued at $1,052,000 after acquiring an additional 200 shares in the last quarter. New York State Teachers Retirement System boosted its position in MACOM Technology Solutions by 2.5% during the 4th quarter. New York State Teachers Retirement System now owns 8,226 shares of the semiconductor company’s stock worth $765,000 after purchasing an additional 200 shares during the period. RiverPark Advisors LLC increased its holdings in MACOM Technology Solutions by 29.1% in the 4th quarter. RiverPark Advisors LLC now owns 923 shares of the semiconductor company’s stock valued at $86,000 after purchasing an additional 208 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its stake in shares of MACOM Technology Solutions by 0.9% during the fourth quarter. Yousif Capital Management LLC now owns 25,085 shares of the semiconductor company’s stock worth $2,332,000 after purchasing an additional 215 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MTSI. Benchmark upped their price objective on shares of MACOM Technology Solutions from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday. Craig Hallum lifted their price objective on MACOM Technology Solutions from $95.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Barclays increased their target price on MACOM Technology Solutions from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. TheStreet downgraded MACOM Technology Solutions from a “b” rating to a “c+” rating in a research note on Thursday, February 1st. Finally, Stifel Nicolaus raised their target price on MACOM Technology Solutions from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $108.33.

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.