Insider Selling: MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CFO Sells 13,666 Shares of Stock

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

MACOM Technology Solutions Stock Performance

Shares of NASDAQ:MTSI traded down $0.04 on Thursday, reaching $101.39. 497,908 shares of the company’s stock were exchanged, compared to its average volume of 528,009. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 115.22, a PEG ratio of 7.99 and a beta of 1.65. The company has a current ratio of 7.34, a quick ratio of 5.70 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average of $97.12 and a 200-day moving average of $88.82. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $54.21 and a twelve month high of $107.00.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MTSI. Craig Hallum lifted their target price on MACOM Technology Solutions from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Barclays upped their price objective on MACOM Technology Solutions from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Evercore ISI began coverage on shares of MACOM Technology Solutions in a research report on Tuesday, April 16th. They set an “outperform” rating and a $120.00 price objective for the company. Needham & Company LLC increased their price objective on shares of MACOM Technology Solutions from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, TheStreet downgraded shares of MACOM Technology Solutions from a “b” rating to a “c+” rating in a report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, MACOM Technology Solutions has an average rating of “Moderate Buy” and a consensus price target of $108.33.

Institutional Investors Weigh In On MACOM Technology Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of MACOM Technology Solutions by 1,533.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,234,684 shares of the semiconductor company’s stock worth $114,765,000 after acquiring an additional 1,159,076 shares in the last quarter. Norges Bank bought a new stake in shares of MACOM Technology Solutions during the 4th quarter worth $44,250,000. Westfield Capital Management Co. LP acquired a new stake in MACOM Technology Solutions in the fourth quarter valued at about $42,762,000. Principal Financial Group Inc. raised its stake in MACOM Technology Solutions by 139.9% during the third quarter. Principal Financial Group Inc. now owns 494,621 shares of the semiconductor company’s stock worth $40,351,000 after acquiring an additional 288,408 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings in shares of MACOM Technology Solutions by 29.0% in the third quarter. Artisan Partners Limited Partnership now owns 1,128,382 shares of the semiconductor company’s stock worth $92,053,000 after acquiring an additional 253,396 shares during the last quarter. Institutional investors own 76.14% of the company’s stock.

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.