MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CFO Sells $2,470,353.60 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CFO John Kober sold 19,470 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $126.88, for a total value of $2,470,353.60. Following the transaction, the chief financial officer now owns 51,489 shares of the company’s stock, valued at approximately $6,532,924.32. The trade was a 27.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

John Kober also recently made the following trade(s):

• On Tuesday, October 29th, John Kober sold 2,671 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $117.47, for a total value of $313,762.37.

MACOM Technology Solutions Price Performance

Shares of MTSI traded up $2.45 during midday trading on Friday, hitting $133.78. The company’s stock had a trading volume of 64,079 shares, compared to its average volume of 570,958. MACOM Technology Solutions Holdings, Inc. has a one year low of $79.25 and a one year high of $140.27. The company’s fifty day simple moving average is $115.67 and its two-hundred day simple moving average is $108.27. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 127.51, a price-to-earnings-growth ratio of 2.20 and a beta of 1.69.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MTSI. Northland Securities raised their price target on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. raised their price target on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Needham & Company LLC raised their price target on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Barclays raised their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Benchmark raised their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.91.

Hedge Funds Weigh In On MACOM Technology Solutions

Several hedge funds and other institutional investors have recently modified their holdings of MTSI. Millennium Management LLC increased its stake in shares of MACOM Technology Solutions by 958.1% in the 2nd quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock valued at $149,214,000 after purchasing an additional 1,212,094 shares during the last quarter. Hood River Capital Management LLC grew its position in MACOM Technology Solutions by 280.5% during the 2nd quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock worth $78,568,000 after acquiring an additional 519,603 shares during the last quarter. Vanguard Group Inc. grew its position in MACOM Technology Solutions by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock worth $592,395,000 after acquiring an additional 465,759 shares during the last quarter. Westfield Capital Management Co. LP grew its position in MACOM Technology Solutions by 21.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after acquiring an additional 210,151 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in MACOM Technology Solutions by 52.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company’s stock worth $59,037,000 after acquiring an additional 182,058 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.