MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Robert Dennehy Sells 5,000 Shares

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) SVP Robert Dennehy sold 5,000 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $140.42, for a total transaction of $702,100.00. Following the transaction, the senior vice president now owns 15,680 shares in the company, valued at $2,201,785.60. The trade was a 24.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

MACOM Technology Solutions Stock Down 0.1%

Shares of NASDAQ MTSI traded down $0.18 during midday trading on Friday, reaching $142.05. 1,035,194 shares of the company's stock traded hands, compared to its average volume of 668,638. The company has a quick ratio of 2.86, a current ratio of 3.56 and a debt-to-equity ratio of 0.31. The stock's 50 day simple moving average is $121.91 and its 200-day simple moving average is $120.58. MACOM Technology Solutions Holdings, Inc. has a one year low of $84.00 and a one year high of $152.50. The company has a market cap of $10.56 billion, a price-to-earnings ratio of -116.43, a P/E/G ratio of 2.74 and a beta of 1.40.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.01. MACOM Technology Solutions had a negative net margin of 10.24% and a positive return on equity of 13.32%. The firm had revenue of $235.89 million for the quarter, compared to the consensus estimate of $230.04 million. During the same period last year, the firm earned $0.59 earnings per share. The company's quarterly revenue was up 30.2% on a year-over-year basis. On average, analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Hedge Funds Weigh In On MACOM Technology Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of MTSI. Russell Investments Group Ltd. lifted its position in 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 valued at $930,000 after acquiring an additional 100 shares during the last quarter. Quadrant Capital Group LLC lifted its position in MACOM Technology Solutions by 8.2% during 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 during the last quarter. Arizona State Retirement System lifted its position in MACOM Technology Solutions by 0.7% during the fourth quarter. Arizona State Retirement System now owns 16,732 shares of the semiconductor company's stock valued at $2,174,000 after acquiring an additional 122 shares during the last quarter. State of Wyoming lifted its position in MACOM Technology Solutions by 8.2% during the first quarter. State of Wyoming now owns 1,635 shares of the semiconductor company's stock valued at $164,000 after acquiring an additional 124 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its position in MACOM Technology Solutions by 4.7% during the fourth quarter. Corient Private Wealth LLC now owns 3,033 shares of the semiconductor company's stock valued at $394,000 after acquiring an additional 136 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MTSI has been the topic of a number of research analyst reports. 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 note on Thursday, April 17th. BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price on the stock in a research note on Wednesday, April 9th. Bank of America upped their target price on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Barclays upped 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 note on Friday, May 9th. Finally, Benchmark restated a "buy" rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research note on Friday, May 9th. Two investment 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $133.50.

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.