MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo Sells 25,351 Shares

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 25,351 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $130.05, for a total value of $3,296,897.55. Following the transaction, the director now owns 6,046,676 shares in the company, valued at $786,370,213.80. This trade represents a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, November 15th, Susan Ocampo sold 105,782 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $123.67, for a total value of $13,082,059.94.
• On Wednesday, August 28th, Susan Ocampo sold 70,000 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $106.26, for a total value of $7,438,200.00.
• On Friday, August 23rd, Susan Ocampo sold 51,010 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $107.02, for a total transaction of $5,459,090.20.
• On Tuesday, August 20th, Susan Ocampo sold 93,728 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $106.32, for a total transaction of $9,965,160.96.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI opened at $123.00 on Friday. The company has a fifty day moving average of $113.44 and a two-hundred day moving average of $107.58. The company has a market capitalization of $8.91 billion, a PE ratio of 119.42, a P/E/G ratio of 2.42 and a beta of 1.69. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $79.25 and a 1 year high of $140.27. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55.

Institutional Trading of MACOM Technology Solutions

Large investors have recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new position in MACOM Technology Solutions during the second quarter worth approximately $39,000. GAMMA Investing LLC increased its holdings in shares of MACOM Technology Solutions by 153.0% in the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock valued at $52,000 after acquiring an additional 283 shares during the period. Quarry LP purchased a new stake in MACOM Technology Solutions in the 3rd quarter valued at $57,000. Allspring Global Investments Holdings LLC purchased a new stake in MACOM Technology Solutions in the 3rd quarter valued at $66,000. Finally, FSC Wealth Advisors LLC acquired a new stake in MACOM Technology Solutions during the 2nd quarter worth $78,000. 76.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on MTSI. Northland Securities boosted their price target on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. Needham & Company LLC upped their price target on MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Benchmark lifted their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. raised their target price on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, Piper Sandler lifted their price target on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Three research 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, MACOM Technology Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.91.

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.