MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Sells $648,300.00 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Robert Dennehy sold 10,000 shares of the business’s stock in a transaction on Monday, September 13th. The stock was sold at an average price of $64.83, for a total value of $648,300.00. Following the transaction, the senior vice president now directly owns 85,259 shares in the company, valued at approximately $5,527,340.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Robert Dennehy also recently made the following trade(s):

  • On Wednesday, September 15th, Robert Dennehy sold 10,000 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $61.82, for a total value of $618,200.00.
  • On Friday, September 10th, Robert Dennehy sold 6,679 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $65.00, for a total value of $434,135.00.

Shares of MACOM Technology Solutions stock opened at $63.80 on Friday. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $31.51 and a twelve month high of $69.29. The stock has a market capitalization of $4.39 billion, a P/E ratio of 125.10, a PEG ratio of 1.02 and a beta of 2.20. The company has a current ratio of 5.47, a quick ratio of 4.51 and a debt-to-equity ratio of 1.17. The business’s fifty day moving average price is $60.86 and its 200 day moving average price is $59.71.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Thursday, July 29th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.17. MACOM Technology Solutions had a return on equity of 25.55% and a net margin of 6.40%. As a group, sell-side analysts predict that MACOM Technology Solutions Holdings, Inc. will post 1.58 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC increased its stake in shares of MACOM Technology Solutions by 1.2% in the second quarter. Parametric Portfolio Associates LLC now owns 103,959 shares of the semiconductor company’s stock worth $6,662,000 after acquiring an additional 1,253 shares during the last quarter. Morgan Stanley boosted its holdings in MACOM Technology Solutions by 257.7% during the second quarter. Morgan Stanley now owns 67,543 shares of the semiconductor company’s stock valued at $4,327,000 after acquiring an additional 48,658 shares during the period. Jefferies Group LLC acquired a new position in shares of MACOM Technology Solutions during the second quarter valued at about $3,204,000. Metropolitan Life Insurance Co NY raised its position in shares of MACOM Technology Solutions by 111,041.7% during the second quarter. Metropolitan Life Insurance Co NY now owns 13,337 shares of the semiconductor company’s stock valued at $855,000 after buying an additional 13,325 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of MACOM Technology Solutions by 172.8% during the second quarter. Millennium Management LLC now owns 206,572 shares of the semiconductor company’s stock valued at $13,237,000 after buying an additional 130,850 shares during the last quarter. Hedge funds and other institutional investors own 70.93% of the company’s stock.

MTSI has been the topic of several recent analyst reports. Zacks Investment Research raised MACOM Technology Solutions from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Thursday, August 5th. Needham & Company LLC upped their price target on MACOM Technology Solutions from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, July 30th. Westpark Capital initiated coverage on MACOM Technology Solutions in a research note on Tuesday, May 25th. They issued a “buy” rating on the stock. Finally, Cowen upped their price target on MACOM Technology Solutions from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, June 18th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $61.89.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc engages in the design, development, manufacture and market of semiconductors and modules. Its products include integrated circuits (IC), multi-chip modules (MCM), power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems.

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

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