MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director John L. Ocampo Sells 11,067 Shares of Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSIGet Rating) Director John L. Ocampo sold 11,067 shares of the business’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $70.01, for a total value of $774,800.67. Following the completion of the transaction, the director now directly owns 8,062,681 shares in the company, valued at $564,468,296.81. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

MACOM Technology Solutions Stock Performance

Shares of MTSI opened at $68.27 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.18 and a current ratio of 8.36. The stock has a 50 day moving average price of $57.97 and a two-hundred day moving average price of $54.73. The firm has a market capitalization of $4.82 billion, a P/E ratio of 11.05, a P/E/G ratio of 1.77 and a beta of 1.92. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $42.85 and a 52 week high of $80.30.

Institutional Trading of MACOM Technology Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Retirement Systems of Alabama bought a new position in shares of MACOM Technology Solutions in the third quarter valued at approximately $3,465,000. Balyasny Asset Management LLC bought a new position in shares of MACOM Technology Solutions in the third quarter valued at approximately $3,204,000. Nomura Holdings Inc. grew its holdings in shares of MACOM Technology Solutions by 10.6% in the third quarter. Nomura Holdings Inc. now owns 78,085 shares of the semiconductor company’s stock valued at $4,051,000 after acquiring an additional 7,500 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in shares of MACOM Technology Solutions by 5.4% in the third quarter. Neuberger Berman Group LLC now owns 1,336,245 shares of the semiconductor company’s stock valued at $69,311,000 after acquiring an additional 67,917 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in MACOM Technology Solutions during the third quarter valued at $537,000. 72.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MTSI shares. Northland Securities dropped their price target on MACOM Technology Solutions from $75.00 to $70.00 in a research note on Friday, July 29th. Cowen upped their price target on MACOM Technology Solutions from $55.00 to $68.00 in a research note on Friday, July 29th. Needham & Company LLC upped their price target 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. Piper Sandler upped their price target on MACOM Technology Solutions from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, August 19th. Finally, Benchmark downgraded MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research note on Monday, November 7th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, MACOM Technology Solutions has an average rating of “Moderate Buy” and an average price target of $72.09.

MACOM Technology Solutions Company Profile

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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, Taiwan, Japan, Singapore, Thailand, South Korea, Australia, Malaysia, and internationally.

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