MACOM Technology Solutions (NASDAQ:MTSI) Major Shareholder Susan Ocampo Sells 53,104 Shares

Key Points

• Major shareholder Susan Ocampo sold 53,104 shares of MACOM Technology Solutions on October 14, 2023, at an average price of $133.03, totaling about $7.06 million, reducing her ownership by 1.68%.
• Ocampo's recent sales include 102,261 shares sold at $140.06 and 150,000 shares sold at $136.02, indicating significant insider trading activity.
• MACOM Technology Solutions' stock recently increased 0.8% to $137.94, with a market cap of $10.27 billion and strong earnings reported, growing revenue by 32.3% year-over-year.

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) major shareholder Susan Ocampo sold 53,104 shares of the stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $133.03, for a total value of $7,064,425.12. Following the completion of the sale, the insider owned 3,106,606 shares in the company, valued at approximately $413,271,796.18. The trade was a 1.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

Susan Ocampo also recently made the following trade(s):

• On Thursday, October 16th, Susan Ocampo sold 102,261 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $140.06, for a total value of $14,322,675.66.
• On Wednesday, October 15th, Susan Ocampo sold 150,000 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $136.02, for a total transaction of $20,403,000.00.
• On Wednesday, October 8th, Susan Ocampo sold 150,000 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $133.03, for a total transaction of $19,954,500.00.
• On Tuesday, October 7th, Susan Ocampo sold 62,476 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $133.22, for a total transaction of $8,323,052.72.
• On Thursday, September 18th, Susan Ocampo sold 150,000 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $133.09, for a total value of $19,963,500.00.
• On Wednesday, September 17th, Susan Ocampo sold 62,435 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $133.02, for a total transaction of $8,305,103.70.
• On Monday, September 15th, Susan Ocampo sold 150,424 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $132.43, for a total transaction of $19,920,650.32.
• On Friday, September 12th, Susan Ocampo sold 89,868 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $132.86, for a total value of $11,939,862.48.
• On Thursday, September 11th, Susan Ocampo sold 80,891 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $132.49, for a total transaction of $10,717,248.59.
• On Wednesday, September 10th, Susan Ocampo sold 50,361 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $132.64, for a total value of $6,679,883.04.

MACOM Technology Solutions Stock Up 0.8%

Shares of MACOM Technology Solutions stock traded up $1.11 during trading on Thursday, reaching $137.94. The company's stock had a trading volume of 1,214,260 shares, compared to its average volume of 1,311,021. The company has a 50-day simple moving average of $128.25 and a two-hundred day simple moving average of $124.65. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.00 and a 1-year high of $152.50. The company has a market cap of $10.27 billion, a price-to-earnings ratio of -136.57, a P/E/G ratio of 2.03 and a beta of 1.48. The company has a quick ratio of 3.10, a current ratio of 3.83 and a debt-to-equity ratio of 0.32.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. MACOM Technology Solutions had a positive return on equity of 14.02% and a negative net margin of 7.71%.The business had revenue of $252.08 million during the quarter, compared to the consensus estimate of $249.89 million. During the same quarter last year, the company earned $0.66 earnings per share. The company's quarterly revenue was up 32.3% on a year-over-year basis. MACOM Technology Solutions has set its Q4 2025 guidance at 0.910-0.950 EPS. As a group, equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Hedge Funds Weigh In On MACOM Technology Solutions

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in MACOM Technology Solutions by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 6,646,452 shares of the semiconductor company's stock valued at $667,171,000 after acquiring an additional 129,201 shares during the period. Invesco Ltd. lifted its holdings in MACOM Technology Solutions by 3.2% during the second quarter. Invesco Ltd. now owns 3,464,854 shares of the semiconductor company's stock valued at $496,479,000 after purchasing an additional 106,004 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of MACOM Technology Solutions by 2.4% in the first quarter. Alliancebernstein L.P. now owns 1,468,782 shares of the semiconductor company's stock valued at $147,436,000 after purchasing an additional 34,214 shares during the period. GW&K Investment Management LLC grew its position in shares of MACOM Technology Solutions by 9.9% in the first quarter. GW&K Investment Management LLC now owns 1,275,048 shares of the semiconductor company's stock valued at $127,990,000 after purchasing an additional 114,780 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of MACOM Technology Solutions by 2.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,152,581 shares of the semiconductor company's stock worth $165,177,000 after purchasing an additional 28,257 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company's stock.

Analyst Upgrades and Downgrades

MTSI has been the subject of several research reports. Stifel Nicolaus lifted their price objective on shares of MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Wall Street Zen upgraded MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, October 11th. Zacks Research raised shares of MACOM Technology Solutions from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. Truist Financial lifted their price objective on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Finally, Bank of America boosted their target price on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $146.56.

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.

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