MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Donghyun Thomas Hwang Sells 7,000 Shares

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) SVP Donghyun Thomas Hwang sold 7,000 shares of the firm's stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $102.65, for a total value of $718,550.00. Following the sale, the senior vice president now owns 41,325 shares of the company's stock, valued at $4,242,011.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Donghyun Thomas Hwang also recently made the following trade(s):

• On Monday, March 11th, Donghyun Thomas Hwang sold 9,397 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $92.24, for a total transaction of $866,779.28.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI traded up $0.55 during midday trading on Friday, reaching $101.94. 607,664 shares of the company traded hands, compared to its average volume of 576,025. The company has a market cap of $7.35 billion, a price-to-earnings ratio of 115.84, a PEG ratio of 8.04 and a beta of 1.65. The stock has a 50-day moving average price of $97.57 and a 200 day moving average price of $89.11. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $54.52 and a 52 week high of $107.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 7.34 and a quick ratio of 5.70.

Institutional Trading of MACOM Technology Solutions

A number of institutional investors have recently made changes to their positions in the stock. Duality Advisers LP increased its stake in shares of MACOM Technology Solutions by 5.9% during the fourth quarter. Duality Advisers LP now owns 2,727 shares of the semiconductor company's stock valued at $253,000 after acquiring an additional 152 shares during the period. State of Michigan Retirement System raised its stake in shares of MACOM Technology Solutions by 1.6% in the 3rd quarter. State of Michigan Retirement System now owns 12,900 shares of the semiconductor company's stock worth $1,052,000 after buying an additional 200 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in shares of MACOM Technology Solutions by 2.5% in the fourth quarter. New York State Teachers Retirement System now owns 8,226 shares of the semiconductor company's stock valued at $765,000 after buying an additional 200 shares during the period. RiverPark Advisors LLC boosted its stake in MACOM Technology Solutions by 29.1% during the fourth quarter. RiverPark Advisors LLC now owns 923 shares of the semiconductor company's stock valued at $86,000 after buying an additional 208 shares in the last quarter. Finally, Yousif Capital Management LLC grew its holdings in MACOM Technology Solutions by 0.9% during the fourth quarter. Yousif Capital Management LLC now owns 25,085 shares of the semiconductor company's stock worth $2,332,000 after acquiring an additional 215 shares during the period. 76.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MTSI shares. Evercore ISI assumed coverage on shares of MACOM Technology Solutions in a research report on Tuesday, April 16th. They issued an "outperform" rating and a $120.00 target price for the company. Barclays lifted their target price on MACOM Technology Solutions from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Friday, May 3rd. Needham & Company LLC upped their price target on MACOM Technology Solutions from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, May 3rd. Benchmark boosted their target price on shares of MACOM Technology Solutions from $95.00 to $115.00 and gave the company a "buy" rating in a research note on Monday. Finally, Stifel Nicolaus lifted their price target on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $108.33.

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.