John Kober Sells 2,250 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) CFO John Kober sold 2,250 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $125.65, for a total transaction of $282,712.50. Following the sale, the chief financial officer now owns 47,128 shares in the company, valued at approximately $5,921,633.20. The trade was a 4.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

MACOM Technology Solutions Stock Up 0.6%

NASDAQ MTSI traded up $0.75 on Thursday, reaching $128.16. The stock had a trading volume of 235,420 shares, compared to its average volume of 790,477. The company has a market capitalization of $9.53 billion, a price-to-earnings ratio of -89.00, a P/E/G ratio of 2.42 and a beta of 1.36. The business has a 50 day moving average price of $109.58 and a 200 day moving average price of $120.87. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $152.50. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.84 by $0.01. The firm had revenue of $235.89 million during the quarter, compared to analysts' expectations of $230.04 million. MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. The company's revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 EPS. On average, analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. 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. Barclays raised their price target on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Truist Financial initiated coverage on shares of MACOM Technology Solutions in a report on Friday, April 11th. They issued a "buy" rating and a $125.00 price target for the company. BNP Paribas raised shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target for the company in a report on Wednesday, April 9th. Finally, Northland Securities raised shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $105.00 to $140.00 in a report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, MACOM Technology Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $130.50.

Institutional Investors Weigh In On MACOM Technology Solutions

Large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its position in shares of 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 worth $519,399,000 after purchasing an additional 1,120,510 shares during the last quarter. Norges Bank acquired a new position in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $82,833,000. Vanguard Group Inc. boosted its stake in shares of MACOM Technology Solutions by 6.0% in the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock valued at $846,656,000 after buying an additional 368,979 shares during the period. AQR Capital Management LLC lifted its stake in MACOM Technology Solutions by 5,891.8% during the first quarter. AQR Capital Management LLC now owns 247,400 shares of the semiconductor company's stock worth $23,510,000 after purchasing an additional 243,271 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new stake in MACOM Technology Solutions during the fourth quarter worth $31,260,000. 76.14% of the stock is currently owned by institutional investors.

MACOM Technology Solutions Company Profile

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.