MACOM Technology Solutions (NASDAQ:MTSI) SVP Donghyun Thomas Hwang Sells 5,274 Shares of Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Donghyun Thomas Hwang sold 5,274 shares of MACOM Technology Solutions stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $226.06, for a total transaction of $1,192,240.44. Following the completion of the sale, the senior vice president directly owned 38,604 shares of the company’s stock, valued at approximately $8,726,820.24. The trade was a 12.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Donghyun Thomas Hwang also recently made the following trade(s):

• On Thursday, December 4th, Donghyun Thomas Hwang sold 4,372 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $185.63, for a total transaction of $811,574.36.
• On Wednesday, November 19th, Donghyun Thomas Hwang sold 3,789 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $161.09, for a total value of $610,370.01.

MACOM Technology Solutions Stock Performance

MTSI opened at $215.03 on Thursday. The company has a market cap of $16.13 billion, a PE ratio of -265.47, a price-to-earnings-growth ratio of 4.23 and a beta of 1.44. The stock has a 50-day moving average of $192.01 and a 200-day moving average of $156.89. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $84.00 and a 52-week high of $236.80. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.98 and a current ratio of 3.71.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.01. MACOM Technology Solutions had a positive return on equity of 14.38% and a negative net margin of 5.60%.The business had revenue of $261.17 million for the quarter, compared to the consensus estimate of $260.16 million. During the same period last year, the business earned $0.73 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. As a group, equities research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MACOM Technology Solutions

A number of institutional investors have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in MACOM Technology Solutions by 2.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,799 shares of the semiconductor company’s stock worth $479,000 after acquiring an additional 62 shares in the last quarter. Merit Financial Group LLC raised its position in shares of MACOM Technology Solutions by 3.9% during the third quarter. Merit Financial Group LLC now owns 1,834 shares of the semiconductor company’s stock worth $228,000 after purchasing an additional 68 shares during the period. Larson Financial Group LLC raised its position in shares of MACOM Technology Solutions by 19.4% during the third quarter. Larson Financial Group LLC now owns 418 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 68 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of MACOM Technology Solutions by 75.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 216 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 93 shares in the last quarter. Finally, Wedmont Private Capital grew its position in shares of MACOM Technology Solutions by 5.4% in the 3rd quarter. Wedmont Private Capital now owns 1,925 shares of the semiconductor company’s stock valued at $246,000 after purchasing an additional 99 shares during the period. 76.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MTSI. Susquehanna began coverage on shares of MACOM Technology Solutions in a research note on Monday, December 15th. They issued a “neutral” rating and a $200.00 price objective for the company. Bank of America lifted their target price on shares of MACOM Technology Solutions from $220.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Jefferies Financial Group upped their price target on shares of MACOM Technology Solutions from $185.00 to $260.00 and gave the company a “buy” rating in a report on Monday. Zacks Research lowered MACOM Technology Solutions from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Finally, Barclays boosted their price objective on MACOM Technology Solutions from $150.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $196.82.

About MACOM Technology Solutions

MACOM Technology Solutions is a semiconductor company specializing in high-performance analog, microwave, millimeter-wave and photonic semiconductor solutions. Its product portfolio includes amplifiers, switches, modulators, detectors and integrated circuits designed to optimize signal integrity, power management and data transmission. MACOM’s offerings address both digital and optical domains, providing critical building blocks for next-generation communications infrastructure.

The company’s solutions serve a diverse set of end markets, including wireless and wireline telecom, data centers, satellite communications, aerospace and defense, industrial and automotive applications.