MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Ambra R. Roth Sells 830 Shares

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Rating) SVP Ambra R. Roth sold 830 shares of the stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $60.00, for a total value of $49,800.00. Following the transaction, the senior vice president now directly owns 8,469 shares of the company’s stock, valued at $508,140. The sale was disclosed in a filing with the SEC, which is available at this link.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI opened at $59.68 on Tuesday. The business’s fifty day moving average price is $63.15 and its two-hundred day moving average price is $65.51. The stock has a market cap of $4.23 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 2.90 and a beta of 1.86. The company has a debt-to-equity ratio of 0.67, a quick ratio of 7.85 and a current ratio of 9.30. MACOM Technology Solutions Holdings, Inc. has a one year low of $42.85 and a one year high of $76.56.

Institutional Investors Weigh In On MACOM Technology Solutions

Large investors have recently bought and sold shares of the stock. Raymond James & Associates purchased a new stake in shares of MACOM Technology Solutions during the first quarter worth about $354,000. MetLife Investment Management LLC increased its position in shares of MACOM Technology Solutions by 55.9% during the first quarter. MetLife Investment Management LLC now owns 26,105 shares of the semiconductor company’s stock worth $1,563,000 after acquiring an additional 9,357 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of MACOM Technology Solutions by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 648,503 shares of the semiconductor company’s stock worth $38,827,000 after acquiring an additional 13,293 shares during the last quarter. Sei Investments Co. increased its position in shares of MACOM Technology Solutions by 11.2% during the first quarter. Sei Investments Co. now owns 261,479 shares of the semiconductor company’s stock worth $15,602,000 after acquiring an additional 26,291 shares during the last quarter. Finally, Covestor Ltd increased its position in shares of MACOM Technology Solutions by 97.7% during the first quarter. Covestor Ltd now owns 1,621 shares of the semiconductor company’s stock worth $97,000 after acquiring an additional 801 shares during the last quarter. Institutional investors and hedge funds own 74.93% of the company’s stock.

Analyst Upgrades and Downgrades

MTSI has been the subject of a number of analyst reports. TD Cowen cut their target price on MACOM Technology Solutions from $75.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, May 5th. Needham & Company LLC increased their target price on MACOM Technology Solutions from $68.00 to $76.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Northland Securities downgraded MACOM Technology Solutions from an “outperform” rating to a “market perform” rating and set a $65.00 price objective for the company. in a research note on Friday, February 3rd. StockNews.com began coverage on MACOM Technology Solutions in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Stifel Nicolaus raised their price objective on MACOM Technology Solutions from $75.00 to $82.00 in a research note on Thursday, March 9th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, MACOM Technology Solutions currently has a consensus rating of “Hold” and an average target price of $69.40.

About MACOM Technology Solutions

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MACOM Technology Solutions Holdings, Inc engages in designing, developing, manufacturing, and marketing semiconductors and modules. The firm is involved in the provision of products for telecommunications (Telecom), industrial and defense (I&D), and data center industries. The company was founded on March 25, 2009 and is headquartered in Lowell, MA.