MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Rating) CEO Stephen G. Daly sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $64.79, for a total value of $1,295,800.00. Following the completion of the sale, the chief executive officer now directly owns 462,194 shares of the company’s stock, valued at approximately $29,945,549.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
MACOM Technology Solutions Price Performance
Shares of MACOM Technology Solutions stock opened at $71.04 on Friday. The company has a quick ratio of 7.18, a current ratio of 8.36 and a debt-to-equity ratio of 0.71. The company has a market cap of $4.97 billion, a PE ratio of 11.50, a P/E/G ratio of 1.68 and a beta of 1.92. The business has a 50 day moving average of $56.23 and a 200 day moving average of $54.00. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $42.85 and a 52 week high of $80.30.
Wall Street Analyst Weigh In
MTSI has been the subject of several research reports. Cowen upped their target price on MACOM Technology Solutions from $55.00 to $68.00 in a research note on Friday, July 29th. Needham & Company LLC upped their target price on MACOM Technology Solutions from $62.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, November 4th. Northland Securities cut their target price on MACOM Technology Solutions from $75.00 to $70.00 in a research note on Friday, July 29th. Benchmark lowered MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research note on Monday, November 7th. Finally, Barclays cut their target price on MACOM Technology Solutions from $75.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, July 25th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, MACOM Technology Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $72.09.
Hedge Funds Weigh In On MACOM Technology Solutions
MACOM Technology Solutions Company Profile
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, the Asia Pacific, and internationally.
- Get a free copy of the StockNews.com research report on MACOM Technology Solutions (MTSI)
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