Insider Selling: MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CFO Sells 1,000 Shares of Stock

Key Points

• MACOM Technology Solutions CFO John Kober sold 1,000 shares of stock at an average price of $123.40, resulting in a total sale value of $123,400, reducing his holdings by 2.12%.
• The company's stock recently increased by 6.0%, reaching $125.45, with a twelve-month trading range between $84.00 and $152.50.
• MACOM reported $0.90 earnings per share for the quarter, slightly exceeding analysts' expectations and demonstrating a 32.3% increase in revenue year-over-year.

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) CFO John Kober sold 1,000 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $123.40, for a total value of $123,400.00. Following the sale, the chief financial officer owned 46,128 shares in the company, valued at approximately $5,692,195.20. This represents a 2.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

John Kober also recently made the following trade(s):

• On Thursday, May 29th, John Kober sold 2,250 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $125.65, for a total value of $282,712.50.

MACOM Technology Solutions Stock Up 6.0%

MTSI traded up $7.10 during trading on Tuesday, hitting $125.45. The stock had a trading volume of 794,488 shares, compared to its average volume of 732,859. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $84.00 and a twelve month high of $152.50. The stock has a 50 day simple moving average of $135.50 and a two-hundred day simple moving average of $120.56. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.10 and a current ratio of 3.83. The company has a market capitalization of $9.34 billion, a PE ratio of -124.21, a PEG ratio of 2.23 and a beta of 1.38.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its earnings results on Thursday, August 7th. The semiconductor company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. The firm had revenue of $252.08 million for the quarter, compared to the consensus estimate of $249.89 million. MACOM Technology Solutions had a negative net margin of 7.71% and a positive return on equity of 14.02%. The firm's revenue for the quarter was up 32.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 EPS. On average, research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Institutional Investors Weigh In On MACOM Technology Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in MACOM Technology Solutions by 38.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company's stock valued at $519,399,000 after acquiring an additional 1,120,510 shares during the last quarter. Fiera Capital Corp acquired a new position in shares of MACOM Technology Solutions in the second quarter valued at $41,744,000. AQR Capital Management LLC increased its stake in shares of MACOM Technology Solutions by 5,891.8% in the first quarter. AQR Capital Management LLC now owns 247,400 shares of the semiconductor company's stock valued at $23,510,000 after buying an additional 243,271 shares in the last quarter. Nuveen LLC bought a new position in MACOM Technology Solutions in the first quarter valued at about $23,767,000. Finally, Bank of New York Mellon Corp boosted its holdings in MACOM Technology Solutions by 52.2% during the second quarter. Bank of New York Mellon Corp now owns 628,882 shares of the semiconductor company's stock worth $90,113,000 after buying an additional 215,578 shares during the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MTSI shares. Wall Street Zen upgraded shares of MACOM Technology Solutions from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Bank of America boosted their price objective on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Stifel Nicolaus upped their target price on shares of MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Truist Financial boosted their price target on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Finally, Benchmark restated a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research report on Friday, May 9th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $146.13.

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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