MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Free Report) major shareholder Susan Ocampo sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $136.02, for a total transaction of $20,403,000.00. Following the completion of the transaction, the insider directly owned 2,956,606 shares in the company, valued at approximately $402,157,548.12. The trade was a 4.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Susan Ocampo also recently made the following trade(s):
- On Thursday, October 16th, Susan Ocampo sold 102,261 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $140.06, for a total transaction of $14,322,675.66.
- On Tuesday, October 14th, Susan Ocampo sold 53,104 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $133.03, for a total transaction of $7,064,425.12.
- On Wednesday, October 8th, Susan Ocampo sold 150,000 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $133.03, for a total transaction of $19,954,500.00.
- On Tuesday, October 7th, Susan Ocampo sold 62,476 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $133.22, for a total transaction of $8,323,052.72.
- On Thursday, September 18th, Susan Ocampo sold 150,000 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $133.09, for a total transaction of $19,963,500.00.
- On Wednesday, September 17th, Susan Ocampo sold 62,435 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $133.02, for a total transaction of $8,305,103.70.
- On Monday, September 15th, Susan Ocampo sold 150,424 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $132.43, for a total transaction of $19,920,650.32.
- On Friday, September 12th, Susan Ocampo sold 89,868 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $132.86, for a total transaction of $11,939,862.48.
- On Thursday, September 11th, Susan Ocampo sold 80,891 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $132.49, for a total transaction of $10,717,248.59.
- On Wednesday, September 10th, Susan Ocampo sold 50,361 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $132.64, for a total transaction of $6,679,883.04.
MACOM Technology Solutions Trading Down 0.8%
MTSI opened at $136.82 on Friday. The firm’s fifty day moving average is $128.56 and its two-hundred day moving average is $125.04. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.10 and a current ratio of 3.83. The firm has a market cap of $10.19 billion, a PE ratio of -135.47, a price-to-earnings-growth ratio of 2.03 and a beta of 1.48. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $84.00 and a twelve month high of $152.50.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the stock. Truist Financial increased their target price on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a “buy” rating in a report on Monday, July 7th. TD Cowen assumed coverage on shares of MACOM Technology Solutions in a report on Wednesday, October 1st. They issued a “buy” rating and a $150.00 target price on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of MACOM Technology Solutions in a report on Wednesday, October 8th. Stifel Nicolaus increased their target price on shares of MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Finally, Wall Street Zen upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $146.56.
View Our Latest Research Report on MTSI
Institutional Investors Weigh In On MACOM Technology Solutions
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. raised its holdings in shares of MACOM Technology Solutions by 174.0% during the second quarter. Hantz Financial Services Inc. now owns 211 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 134 shares during the period. SVB Wealth LLC bought a new position in MACOM Technology Solutions in the first quarter valued at $34,000. Allworth Financial LP grew its position in MACOM Technology Solutions by 131.3% in the first quarter. Allworth Financial LP now owns 347 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 197 shares in the last quarter. Maseco LLP bought a new position in MACOM Technology Solutions in the second quarter valued at $48,000. Finally, Advisors Asset Management Inc. grew its position in MACOM Technology Solutions by 49.7% in the first quarter. Advisors Asset Management Inc. now owns 485 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 161 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.
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.
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