MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CEO Stephen G. Daly Sells 2,380 Shares

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) CEO Stephen G. Daly sold 2,380 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $125.70, for a total transaction of $299,166.00. Following the completion of the sale, the chief executive officer now directly owns 24,573 shares of the company's stock, valued at $3,088,826.10. The trade was a 8.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

MACOM Technology Solutions Price Performance

MTSI traded down $3.32 on Friday, hitting $128.97. 827,948 shares of the company were exchanged, compared to its average volume of 689,425. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. The business's fifty day moving average is $114.28 and its 200 day moving average is $120.79. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $152.50. The firm has a market capitalization of $9.59 billion, a P/E ratio of -89.56, a price-to-earnings-growth ratio of 2.42 and a beta of 1.40.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share 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 for the quarter, compared to analyst estimates of $230.04 million. During the same period in the prior year, the business posted $0.59 earnings per share. The firm's revenue for the quarter was up 30.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analyst Ratings Changes

MTSI has been the topic of a number of recent analyst reports. Truist Financial initiated coverage on shares of MACOM Technology Solutions in a research note on Friday, April 11th. They set a "buy" rating and a $125.00 price target on the stock. Barclays boosted their price target on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Stifel Nicolaus dropped their price target on shares of 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 on the stock in a research note on Wednesday, April 16th. Finally, Benchmark reiterated a "buy" rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research note on Friday, May 9th. Two research 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.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $130.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio acquired a new stake in shares of MACOM Technology Solutions in the first quarter valued at approximately $3,303,000. Focus Partners Wealth grew its position in shares of MACOM Technology Solutions by 121.3% in the first quarter. Focus Partners Wealth now owns 6,739 shares of the semiconductor company's stock valued at $676,000 after purchasing an additional 3,694 shares during the last quarter. Bayforest Capital Ltd grew its position in shares of MACOM Technology Solutions by 79.0% in the first quarter. Bayforest Capital Ltd now owns 2,302 shares of the semiconductor company's stock valued at $231,000 after purchasing an additional 1,016 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of MACOM Technology Solutions by 9.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,182 shares of the semiconductor company's stock valued at $15,778,000 after purchasing an additional 13,215 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in shares of MACOM Technology Solutions in the first quarter valued at approximately $360,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

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.