Insider Selling: MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Chairman Sells 8,000 Shares of Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Chairman John L. Ocampo sold 8,000 shares of the stock in a transaction that occurred on Thursday, November 19th. The shares were sold at an average price of $42.38, for a total transaction of $339,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of MTSI opened at $42.75 on Friday. The business’s fifty day moving average price is $37.72 and its 200 day moving average price is $35.29. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $15.03 and a 12-month high of $44.70. The stock has a market capitalization of $2.86 billion, a PE ratio of -49.71 and a beta of 2.25. The company has a debt-to-equity ratio of 2.50, a current ratio of 4.74 and a quick ratio of 3.73.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, November 5th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.02. MACOM Technology Solutions had a positive return on equity of 2.57% and a negative net margin of 11.20%. The firm had revenue of $147.25 million for the quarter, compared to analysts’ expectations of $145.99 million. During the same period last year, the business posted $0.01 earnings per share. The firm’s revenue for the quarter was up 31.2% on a year-over-year basis. As a group, research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 0.88 earnings per share for the current fiscal year.

Several analysts have issued reports on the stock. Benchmark assumed coverage on shares of MACOM Technology Solutions in a research report on Friday, September 18th. They issued a “buy” rating and a $47.00 price objective for the company. BidaskClub raised shares of MACOM Technology Solutions from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 6th. Needham & Company LLC raised their price target on shares of MACOM Technology Solutions from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 6th. Cowen raised their price target on shares of MACOM Technology Solutions from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, November 6th. Finally, Northland Securities raised their price target on shares of MACOM Technology Solutions from $38.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $42.09.

A number of hedge funds have recently bought and sold shares of the business. Paloma Partners Management Co bought a new stake in MACOM Technology Solutions in the third quarter valued at $241,000. Neo Ivy Capital Management lifted its stake in MACOM Technology Solutions by 3,215.9% in the third quarter. Neo Ivy Capital Management now owns 7,527 shares of the semiconductor company’s stock valued at $255,000 after buying an additional 7,300 shares during the last quarter. California State Teachers Retirement System lifted its stake in MACOM Technology Solutions by 0.5% in the third quarter. California State Teachers Retirement System now owns 71,185 shares of the semiconductor company’s stock valued at $2,421,000 after buying an additional 370 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its stake in MACOM Technology Solutions by 126.6% in the third quarter. Schonfeld Strategic Advisors LLC now owns 461,700 shares of the semiconductor company’s stock valued at $15,702,000 after buying an additional 257,993 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its stake in MACOM Technology Solutions by 44.8% in the third quarter. Cubist Systematic Strategies LLC now owns 101,482 shares of the semiconductor company’s stock valued at $3,451,000 after buying an additional 31,397 shares during the last quarter. Institutional investors own 71.11% of the company’s stock.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and lightwave spectrum products in the United States, China, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, including integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and subsystems.

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Insider Buying and Selling by Quarter for MACOM Technology Solutions (NASDAQ:MTSI)

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