MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get 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
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, Taiwan, Japan, Singapore, Thailand, South Korea, Australia, Malaysia, and internationally.
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