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

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) CFO John Kober sold 2,250 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $125.65, for a total value of $282,712.50. Following the completion of the sale, the chief financial officer now owns 47,128 shares of the company's stock, valued at approximately $5,921,633.20. This represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock traded down $2.63 during trading hours on Friday, hitting $125.04. 801,522 shares of the company were exchanged, compared to its average volume of 686,298. The firm has a fifty day simple moving average of $110.60 and a 200 day simple moving average of $120.90. 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 Holdings, Inc. has a 52-week low of $84.00 and a 52-week high of $152.50. The stock has a market capitalization of $9.30 billion, a price-to-earnings ratio of -86.83, a P/E/G ratio of 2.42 and a beta of 1.40.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MTSI shares. Benchmark reaffirmed a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Barclays lifted their target price on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Truist Financial began coverage on shares of MACOM Technology Solutions in a research report on Friday, April 11th. They set a "buy" rating and a $125.00 target price on the stock. Bank of America dropped their target price on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Finally, Stifel Nicolaus dropped their target price on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $130.50.

Institutional Trading of MACOM Technology Solutions

Several hedge funds have recently added to or reduced their stakes in MTSI. Opal Wealth Advisors LLC bought a new stake in MACOM Technology Solutions in the first quarter worth $25,000. Elequin Capital LP bought a new position in shares of MACOM Technology Solutions during the fourth quarter valued at about $26,000. Versant Capital Management Inc raised its stake in shares of MACOM Technology Solutions by 9,400.0% during the first quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 282 shares during the last quarter. Empowered Funds LLC bought a new position in shares of MACOM Technology Solutions during the fourth quarter valued at about $33,000. Finally, SVB Wealth LLC bought a new position in shares of MACOM Technology Solutions during the first quarter valued at about $34,000. 76.14% of the stock is 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.