MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Sells $32,518,459.60 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 305,395 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $106.48, for a total transaction of $32,518,459.60. Following the sale, the director now owns 6,550,889 shares in the company, valued at $697,538,660.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, August 13th, Susan Ocampo sold 95,743 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $103.18, for a total transaction of $9,878,762.74.
• On Thursday, May 30th, Susan Ocampo sold 16,490 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $103.02, for a total transaction of $1,698,799.80.
• On Tuesday, May 28th, Susan Ocampo sold 16,396 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $105.01, for a total transaction of $1,721,743.96.
• On Friday, May 24th, Susan Ocampo sold 102,722 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $102.76, for a total transaction of $10,555,712.72.
• On Wednesday, May 22nd, Susan Ocampo sold 131,187 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $102.53, for a total value of $13,450,603.11.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock traded down $0.10 during trading hours on Monday, reaching $106.21. 199,918 shares of the company’s stock were exchanged, compared to its average volume of 600,099. The company has a market cap of $7.66 billion, a P/E ratio of 120.69, a price-to-earnings-growth ratio of 5.09 and a beta of 1.69. The company’s 50 day moving average is $105.89 and its two-hundred day moving average is $99.17. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $68.58 and a 1 year high of $118.76. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.18 and a quick ratio of 5.70.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.66. MACOM Technology Solutions had a return on equity of 12.59% and a net margin of 10.59%. The business had revenue of $190.50 million during the quarter, compared to the consensus estimate of $190.42 million. During the same period in the prior year, the business posted $0.42 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MTSI has been the subject of several analyst reports. Craig Hallum upped their price objective on MACOM Technology Solutions from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Barclays upped their target price on MACOM Technology Solutions from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. upped their target price on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Jefferies Financial Group reissued a “buy” rating and issued a $135.00 target price (up from $100.00) on shares of MACOM Technology Solutions in a research report on Monday, May 13th. Finally, Benchmark upped their target price on MACOM Technology Solutions from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, MACOM Technology Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $117.00.

Hedge Funds Weigh In On MACOM Technology Solutions

Several hedge funds have recently bought and sold shares of MTSI. CWM LLC grew its holdings in MACOM Technology Solutions by 7.3% during the 2nd quarter. CWM LLC now owns 1,451 shares of the semiconductor company’s stock valued at $162,000 after buying an additional 99 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in MACOM Technology Solutions by 4.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 2,602 shares of the semiconductor company’s stock valued at $290,000 after buying an additional 107 shares during the last quarter. Duality Advisers LP grew its holdings in MACOM Technology Solutions by 5.9% during the 4th quarter. Duality Advisers LP now owns 2,727 shares of the semiconductor company’s stock valued at $253,000 after buying an additional 152 shares during the last quarter. Yousif Capital Management LLC grew its holdings in MACOM Technology Solutions by 0.9% during the 4th quarter. Yousif Capital Management LLC now owns 25,085 shares of the semiconductor company’s stock valued at $2,332,000 after buying an additional 215 shares during the last quarter. Finally, TD Asset Management Inc grew its holdings in MACOM Technology Solutions by 0.6% during the 2nd quarter. TD Asset Management Inc now owns 39,244 shares of the semiconductor company’s stock valued at $4,375,000 after buying an additional 244 shares during the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

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.