MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CEO Stephen G. Daly Sells 9,374 Shares

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) CEO Stephen G. Daly sold 9,374 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $127.81, for a total value of $1,198,090.94. Following the completion of the sale, the chief executive officer now directly owns 26,953 shares of the company's stock, valued at approximately $3,444,862.93. This represents a 25.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

MACOM Technology Solutions Price Performance

NASDAQ MTSI traded down $2.63 during trading hours on Friday, reaching $125.04. The company's stock had a trading volume of 801,422 shares, compared to its average volume of 793,879. The firm 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. The company's 50-day moving average is $110.13 and its two-hundred day moving average is $120.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.00 and a 1-year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced 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 positive return on equity of 12.42% and a negative net margin of 13.05%. The business had revenue of $235.89 million during the quarter, compared to the consensus estimate of $230.04 million. During the same period in the prior year, the company posted $0.59 EPS. The business's quarterly revenue was up 30.2% on a year-over-year basis. On average, equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Institutional Investors Weigh In On MACOM Technology Solutions

A number of hedge funds have recently modified their holdings of MTSI. Louisiana State Employees Retirement System boosted its holdings in shares of MACOM Technology Solutions by 0.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company's stock worth $2,092,000 after purchasing an additional 100 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of MACOM Technology Solutions by 1.4% during the fourth quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company's stock worth $930,000 after buying an additional 100 shares during the period. Quadrant Capital Group LLC raised its holdings in MACOM Technology Solutions by 8.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company's stock valued at $174,000 after acquiring an additional 101 shares in the last quarter. CIBC Asset Management Inc lifted its stake in MACOM Technology Solutions by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company's stock worth $292,000 after acquiring an additional 112 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in MACOM Technology Solutions by 0.7% during the 4th quarter. Arizona State Retirement System now owns 16,732 shares of the semiconductor company's stock worth $2,174,000 after acquiring an additional 122 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on MTSI shares. Benchmark reiterated a "buy" rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research note on Friday, May 9th. BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective for the company in a research note on Wednesday, April 9th. Stifel Nicolaus cut their target price on 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. Barclays lifted their target price on MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Finally, Northland Securities upgraded MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $105.00 to $140.00 in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $130.50.

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.