Donghyun Thomas Hwang Sells 6,471 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) 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 on Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total transaction of $647,100.00. Following the completion of the sale, the senior vice president now directly owns 35,603 shares in the company, valued at approximately $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 is available at this link.

MACOM Technology Solutions Trading Up 5.7 %

NASDAQ:MTSI opened at $112.28 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. MACOM Technology Solutions Holdings, Inc. has a one year low of $84.00 and a one year high of $152.50. The company has a market cap of $8.35 billion, a PE ratio of -77.97, a PEG ratio of 2.42 and a beta of 1.72. The firm has a 50-day moving average of $103.27 and a 200-day moving average of $120.76.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing analysts' consensus estimates 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, equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MTSI has been the topic of a number of research analyst reports. Northland Capmk raised 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 MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price on the stock in a research report on Wednesday, April 9th. Truist Financial started coverage on MACOM Technology Solutions in a report on Friday, April 11th. They issued a "buy" rating and a $125.00 target price for the company. Bank of America cut their price target on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Stifel Nicolaus lowered their price objective on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $127.92.

Hedge Funds Weigh In On MACOM Technology Solutions

Large investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System raised its holdings in shares of MACOM Technology Solutions by 0.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company's stock valued at $2,092,000 after purchasing an additional 100 shares during the last quarter. Russell Investments Group Ltd. increased its stake in MACOM Technology Solutions by 1.4% in the 4th quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company's stock valued at $930,000 after buying an additional 100 shares during the last quarter. UMB Bank n.a. lifted its position in shares of MACOM Technology Solutions by 74.3% during the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock worth $31,000 after buying an additional 101 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of MACOM Technology Solutions by 8.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company's stock worth $174,000 after buying an additional 101 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of MACOM Technology Solutions by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company's stock valued at $292,000 after acquiring an additional 112 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors.

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.

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