Insider Selling: MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Sells 6,471 Shares of Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) SVP Donghyun Thomas Hwang sold 6,471 shares of the company's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total value of $647,100.00. Following the completion of the transaction, the senior vice president now owns 35,603 shares in the company, valued at $3,560,300. This represents a 15.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

MACOM Technology Solutions Trading Up 4.9 %

NASDAQ:MTSI traded up $5.51 during midday trading on Thursday, hitting $118.88. The stock had a trading volume of 404,869 shares, compared to its average volume of 664,331. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average of $103.08 and a 200 day moving average of $120.74. The company has a market capitalization of $8.84 billion, a price-to-earnings ratio of -82.56, a PEG ratio of 2.42 and a beta of 1.36. MACOM Technology Solutions Holdings, Inc. has a one year low of $84.00 and a one year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.38). MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. As a group, sell-side analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analysts Set New Price Targets

MTSI has been the topic of a number of research reports. Stifel Nicolaus decreased their price target on MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Bank of America dropped their price target on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Northland Capmk upgraded shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target on the stock in a research report on Wednesday, April 9th. Finally, Benchmark reissued a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and an average target price of $128.64.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Opal Wealth Advisors LLC acquired a new stake in MACOM Technology Solutions during the 1st quarter valued at approximately $25,000. Elequin Capital LP acquired a new stake in MACOM Technology Solutions in the fourth quarter worth about $26,000. Versant Capital Management Inc grew its position in MACOM Technology Solutions by 9,400.0% in the 1st quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company's stock valued at $29,000 after buying an additional 282 shares in the last quarter. UMB Bank n.a. increased its stake in MACOM Technology Solutions by 74.3% during the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock valued at $31,000 after buying an additional 101 shares during the period. Finally, Empowered Funds LLC bought a new stake in shares of MACOM Technology Solutions during the 4th quarter worth about $33,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

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.