Insider Selling: MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CEO Sells 14,665 Shares of Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) CEO Stephen G. Daly sold 14,665 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $122.71, for a total transaction of $1,799,542.15. Following the sale, the chief executive officer now owns 36,327 shares in the company, valued at approximately $4,457,686.17. The trade was a 28.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

MACOM Technology Solutions Trading Down 2.1%

MACOM Technology Solutions stock traded down $2.63 during midday trading on Friday, reaching $125.04. The stock had a trading volume of 801,422 shares, compared to its average volume of 793,879. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $84.00 and a 52-week high of $152.50. The company has a fifty day moving average of $110.13 and a 200 day moving average of $120.90. The firm has a market cap of $9.30 billion, a price-to-earnings ratio of -86.83, a price-to-earnings-growth ratio of 2.42 and a beta of 1.40. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33.

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 analysts' consensus estimates of $0.84 by $0.01. MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. The firm had revenue of $235.89 million during the quarter, compared to analyst estimates of $230.04 million. During the same period last year, the company earned $0.59 EPS. MACOM Technology Solutions's quarterly revenue was up 30.2% compared to the same quarter last year. On average, analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Institutional Trading of MACOM Technology Solutions

Institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. lifted its holdings in MACOM Technology Solutions by 122.2% during the 4th quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company's stock valued at $62,000 after buying an additional 264 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of MACOM Technology Solutions by 0.5% in the fourth quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company's stock valued at $69,172,000 after purchasing an additional 2,646 shares during the period. Retirement Systems of Alabama grew its stake in MACOM Technology Solutions by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 99,826 shares of the semiconductor company's stock worth $12,968,000 after purchasing an additional 271 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in MACOM Technology Solutions by 11.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,778 shares of the semiconductor company's stock worth $361,000 after purchasing an additional 286 shares during the period. Finally, Lecap Asset Management Ltd. purchased a new stake in shares of MACOM Technology Solutions in the 4th quarter worth $1,861,000. 76.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MTSI shares. Bank of America decreased 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. Truist Financial assumed coverage on shares of MACOM Technology Solutions in a research note on Friday, April 11th. They set a "buy" rating and a $125.00 target price for the company. Stifel Nicolaus cut their price objective on MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Barclays lifted their price objective on MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Finally, Northland Securities upgraded MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and increased their target price for the company from $105.00 to $140.00 in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $130.50.

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.