MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Free Report) major shareholder Susan Ocampo sold 4,171 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $180.00, for a total value of $750,780.00. Following the transaction, the insider owned 4,774,152 shares in the company, valued at approximately $859,347,360. The trade was a 0.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Susan Ocampo also recently made the following trade(s):
- On Wednesday, December 3rd, Susan Ocampo sold 95,829 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $180.06, for a total transaction of $17,254,969.74.
- On Monday, November 10th, Susan Ocampo sold 43,289 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $171.47, for a total transaction of $7,422,764.83.
- On Friday, November 7th, Susan Ocampo sold 56,711 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $170.01, for a total transaction of $9,641,437.11.
- On Thursday, November 6th, Susan Ocampo sold 100,000 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $160.08, for a total value of $16,008,000.00.
- On Wednesday, October 29th, Susan Ocampo sold 8,358 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $150.01, for a total value of $1,253,783.58.
- On Tuesday, October 28th, Susan Ocampo sold 124,515 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $148.02, for a total transaction of $18,430,710.30.
- On Monday, October 27th, Susan Ocampo sold 60,705 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $147.02, for a total transaction of $8,924,849.10.
- On Friday, October 24th, Susan Ocampo sold 44,809 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $142.10, for a total transaction of $6,367,358.90.
- On Thursday, October 23rd, Susan Ocampo sold 1,862 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $141.00, for a total transaction of $262,542.00.
- On Monday, October 20th, Susan Ocampo sold 36,762 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $141.01, for a total value of $5,183,809.62.
MACOM Technology Solutions Stock Up 2.0%
Shares of NASDAQ MTSI traded up $3.70 during mid-day trading on Thursday, hitting $187.16. 952,320 shares of the stock traded hands, compared to its average volume of 849,753. The company has a market cap of $14.02 billion, a price-to-earnings ratio of -231.55, a PEG ratio of 2.44 and a beta of 1.47. The stock has a fifty day moving average price of $148.84 and a 200-day moving average price of $137.56. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $84.00 and a 52 week high of $190.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.98 and a current ratio of 3.71.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Norges Bank bought a new stake in MACOM Technology Solutions during the second quarter valued at about $113,936,000. Wellington Management Group LLP grew its position in shares of MACOM Technology Solutions by 180.6% during the third quarter. Wellington Management Group LLP now owns 986,438 shares of the semiconductor company’s stock worth $122,802,000 after purchasing an additional 634,903 shares in the last quarter. Rafferty Asset Management LLC bought a new stake in MACOM Technology Solutions during the 3rd quarter valued at approximately $67,486,000. Vanguard Group Inc. lifted its holdings in MACOM Technology Solutions by 5.9% in the 3rd quarter. Vanguard Group Inc. now owns 7,067,757 shares of the semiconductor company’s stock worth $879,865,000 after purchasing an additional 392,365 shares in the last quarter. Finally, Fiera Capital Corp purchased a new position in MACOM Technology Solutions in the 2nd quarter worth approximately $41,744,000. Institutional investors own 76.14% of the company’s stock.
Wall Street Analysts Forecast Growth
MTSI has been the topic of a number of recent research reports. Truist Financial restated a “buy” rating and issued a $180.00 price objective (up previously from $158.00) on shares of MACOM Technology Solutions in a report on Friday, November 7th. Benchmark upped their price target on shares of MACOM Technology Solutions from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. TD Cowen raised their price objective on shares of MACOM Technology Solutions from $150.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Barclays lifted their target price on shares of MACOM Technology Solutions from $150.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Zacks Research upgraded shares of MACOM Technology Solutions from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, MACOM Technology Solutions presently has an average rating of “Moderate Buy” and an average target price of $169.44.
Read Our Latest Stock Analysis on MACOM Technology Solutions
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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