MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) Insider Sells $70,100.00 in Stock

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) insider John Croteau sold 2,000 shares of MACOM Technology Solutions stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $35.05, for a total transaction of $70,100.00. Following the sale, the insider now owns 147,219 shares of the company’s stock, valued at $5,160,025.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

John Croteau also recently made the following trade(s):

  • On Friday, December 1st, John Croteau sold 2,000 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $31.94, for a total transaction of $63,880.00.

Shares of MACOM Technology Solutions Holdings Inc (NASDAQ MTSI) traded up $0.20 during trading on Friday, reaching $36.50. 416,126 shares of the company’s stock were exchanged, compared to its average volume of 827,233. The company has a current ratio of 4.81, a quick ratio of 3.64 and a debt-to-equity ratio of 0.87. The stock has a market cap of $2,350.00, a P/E ratio of -14.78, a P/E/G ratio of 1.82 and a beta of 1.31. MACOM Technology Solutions Holdings Inc has a fifty-two week low of $29.73 and a fifty-two week high of $65.99.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). MACOM Technology Solutions had a negative net margin of 24.26% and a positive return on equity of 15.05%. The company had revenue of $166.40 million for the quarter, compared to analysts’ expectations of $171.80 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. sell-side analysts expect that MACOM Technology Solutions Holdings Inc will post 0.95 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in MTSI. Ameriprise Financial Inc. boosted its holdings in shares of MACOM Technology Solutions by 122.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,277,406 shares of the semiconductor company’s stock valued at $280,034,000 after buying an additional 3,457,245 shares in the last quarter. Frontier Capital Management Co. LLC boosted its holdings in shares of MACOM Technology Solutions by 60.6% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,401,434 shares of the semiconductor company’s stock valued at $151,738,000 after buying an additional 1,283,603 shares in the last quarter. Bamco Inc. NY boosted its holdings in shares of MACOM Technology Solutions by 528.8% during the 3rd quarter. Bamco Inc. NY now owns 940,121 shares of the semiconductor company’s stock valued at $41,939,000 after buying an additional 790,621 shares in the last quarter. Capital Research Global Investors bought a new stake in shares of MACOM Technology Solutions during the 2nd quarter valued at $42,368,000. Finally, BlackRock Inc. boosted its holdings in shares of MACOM Technology Solutions by 16.7% during the 2nd quarter. BlackRock Inc. now owns 2,394,921 shares of the semiconductor company’s stock valued at $133,565,000 after buying an additional 342,102 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Several brokerages have issued reports on MTSI. Bank of America lowered shares of MACOM Technology Solutions from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 15th. Craig Hallum reiterated a “buy” rating and set a $54.00 target price on shares of MACOM Technology Solutions in a research report on Tuesday, October 3rd. decreased their price target on shares of MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, November 15th. Zacks Investment Research downgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 19th. Finally, DA Davidson raised shares of MACOM Technology Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $32.00 to $43.00 in a research note on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $43.20.

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About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc is a provider of high-performance analog semiconductor solutions that enable Internet applications, the cloud-connected applications economy, and the networked battlefield across the radio frequency (RF), microwave, millimeterwave and photonic spectrum. It has multiple design centers, silicon, gallium arsenide and indium phosphide fabrication, manufacturing, assembly and test, and operational facilities throughout North America, Europe, Asia and Australia.

Insider Buying and Selling by Quarter for MACOM Technology Solutions (NASDAQ:MTSI)

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