MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Robert Dennehy Sells 3,250 Shares

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Rating) SVP Robert Dennehy sold 3,250 shares of the company’s stock in a transaction dated Wednesday, January 18th. The stock was sold at an average price of $66.27, for a total transaction of $215,377.50. Following the completion of the sale, the senior vice president now directly owns 58,949 shares in the company, valued at approximately $3,906,550.23. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, January 9th, Robert Dennehy sold 14,763 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $67.00, for a total transaction of $989,121.00.
• On Tuesday, January 3rd, Robert Dennehy sold 1,404 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $64.07, for a total transaction of $89,954.28.
• On Friday, December 23rd, Robert Dennehy sold 10,498 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $63.31, for a total transaction of $664,628.38.
• On Tuesday, November 22nd, Robert Dennehy sold 2,000 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $68.63, for a total transaction of $137,260.00.
• On Wednesday, November 2nd, Robert Dennehy sold 6,500 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $59.90, for a total transaction of $389,350.00.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ:MTSI opened at $62.48 on Friday. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 10.11, a P/E/G ratio of 2.18 and a beta of 1.96. The firm’s 50 day simple moving average is $65.93 and its 200 day simple moving average is $59.38. The company has a debt-to-equity ratio of 0.71, a current ratio of 8.36 and a quick ratio of 7.18. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $42.85 and a fifty-two week high of $72.64.

MACOM Technology Solutions (NASDAQ:MTSI – Get Rating) last announced its quarterly earnings results on Thursday, November 3rd. The semiconductor company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $178.14 million for the quarter, compared to the consensus estimate of $177.11 million. MACOM Technology Solutions had a net margin of 65.16% and a return on equity of 25.35%. As a group, sell-side analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.42 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on MTSI. Craig Hallum lowered shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $73.00 to $65.00 in a report on Wednesday, January 11th. Needham & Company LLC upped their target price on shares of MACOM Technology Solutions from $62.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, November 4th. StockNews.com downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. Finally, Benchmark downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research report on Monday, November 7th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.56.

Institutional Trading of MACOM Technology Solutions

A number of hedge funds have recently modified their holdings of MTSI. Riverview Trust Co acquired a new stake in shares of MACOM Technology Solutions in the 3rd quarter valued at approximately $25,000. Ensign Peak Advisors Inc acquired a new stake in MACOM Technology Solutions during the 3rd quarter worth approximately $29,000. SeaCrest Wealth Management LLC acquired a new stake in MACOM Technology Solutions during the 2nd quarter worth approximately $37,000. CWM LLC raised its holdings in MACOM Technology Solutions by 72.9% during the 2nd quarter. CWM LLC now owns 1,148 shares of the semiconductor company’s stock worth $53,000 after buying an additional 484 shares during the period. Finally, Quadrant Capital Group LLC raised its holdings in MACOM Technology Solutions by 244.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,143 shares of the semiconductor company’s stock worth $59,000 after buying an additional 811 shares during the period. 74.93% of the stock is currently owned by institutional investors and hedge funds.

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.