MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Free Report) SVP Donghyun Thomas Hwang sold 2,620 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $383.87, for a total transaction of $1,005,739.40. Following the sale, the senior vice president owned 29,756 shares of the company’s stock, valued at approximately $11,422,435.72. This represents a 8.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Donghyun Thomas Hwang also recently made the following trade(s):
- On Monday, May 18th, Donghyun Thomas Hwang sold 2,595 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $360.64, for a total value of $935,860.80.
- On Thursday, April 30th, Donghyun Thomas Hwang sold 3,718 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $276.74, for a total value of $1,028,919.32.
MACOM Technology Solutions Stock Performance
Shares of MTSI opened at $380.37 on Wednesday. The firm has a market capitalization of $29.02 billion, a P/E ratio of 164.66, a PEG ratio of 3.06 and a beta of 1.66. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.52 and a quick ratio of 5.84. MACOM Technology Solutions Holdings, Inc. has a one year low of $118.16 and a one year high of $418.90. The business has a fifty day moving average of $355.00 and a 200 day moving average of $266.82.
Analyst Ratings Changes
MTSI has been the topic of a number of research reports. Needham & Company LLC raised their price objective on shares of MACOM Technology Solutions from $250.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Bank of America upped their target price on shares of MACOM Technology Solutions from $260.00 to $305.00 and gave the company a “buy” rating in a report on Monday, April 13th. Zacks Research upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Truist Financial lifted their price target on shares of MACOM Technology Solutions from $261.00 to $375.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Barclays boosted their price objective on shares of MACOM Technology Solutions from $400.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, MACOM Technology Solutions presently has an average rating of “Moderate Buy” and an average target price of $335.00.
Get Our Latest Analysis on MTSI
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in MACOM Technology Solutions during the 3rd quarter worth approximately $25,000. EverSource Wealth Advisors LLC boosted its position in shares of MACOM Technology Solutions by 75.6% in the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 93 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in shares of MACOM Technology Solutions in the fourth quarter worth $30,000. GHP Investment Advisors Inc. purchased a new stake in shares of MACOM Technology Solutions in the first quarter worth $31,000. Finally, Bayforest Capital Ltd bought a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at $39,000. 76.14% of the stock is currently owned by institutional investors.
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.
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