MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Sells $223,990.00 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Rating) SVP Robert Dennehy sold 3,250 shares of the company’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $68.92, for a total transaction of $223,990.00. Following the sale, the senior vice president now directly owns 52,449 shares in the company, valued at approximately $3,614,785.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, January 18th, Robert Dennehy sold 3,250 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $66.27, for a total transaction of $215,377.50.
• On Monday, January 9th, Robert Dennehy sold 14,763 shares of MACOM Technology Solutions stock. The shares were 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 shares were 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 shares were sold at an average price of $63.31, for a total transaction of $664,628.38.

MACOM Technology Solutions Stock Down 2.0 %

NASDAQ:MTSI traded down $1.44 on Friday, hitting $68.88. The stock had a trading volume of 988,427 shares, compared to its average volume of 477,218. The company has a debt-to-equity ratio of 0.70, a quick ratio of 7.74 and a current ratio of 9.04. The stock has a market cap of $4.87 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 3.02 and a beta of 1.91. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $42.85 and a 1 year high of $76.56. The firm’s fifty day simple moving average is $67.35 and its two-hundred day simple moving average is $62.86.

MACOM Technology Solutions (NASDAQ:MTSI – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The semiconductor company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. The firm had revenue of $180.10 million during the quarter, compared to analyst estimates of $179.48 million. MACOM Technology Solutions had a net margin of 47.53% and a return on equity of 24.60%. Analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.4 earnings per share for the current year.

Institutional Investors Weigh In On MACOM Technology Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in MTSI. Metropolitan Life Insurance Co NY grew its position in shares of MACOM Technology Solutions by 5.2% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 3,115 shares of the semiconductor company’s stock valued at $196,000 after acquiring an additional 153 shares during the period. Mariner LLC grew its position in shares of MACOM Technology Solutions by 3.6% during the 4th quarter. Mariner LLC now owns 4,794 shares of the semiconductor company’s stock valued at $302,000 after acquiring an additional 168 shares during the period. Eagle Bay Advisors LLC grew its position in shares of MACOM Technology Solutions by 10.1% during the 3rd quarter. Eagle Bay Advisors LLC now owns 2,185 shares of the semiconductor company’s stock valued at $115,000 after acquiring an additional 200 shares during the period. NorthCrest Asset Manangement LLC grew its position in shares of MACOM Technology Solutions by 3.5% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 5,900 shares of the semiconductor company’s stock valued at $372,000 after acquiring an additional 200 shares during the period. Finally, DigitalBridge Group Inc. grew its position in shares of MACOM Technology Solutions by 0.3% during the 4th quarter. DigitalBridge Group Inc. now owns 84,103 shares of the semiconductor company’s stock valued at $5,297,000 after acquiring an additional 213 shares during the period. Hedge funds and other institutional investors own 74.93% of the company’s stock.

Wall Street Analyst Weigh In

MTSI has been the topic of several research reports. Northland Securities lowered shares of MACOM Technology Solutions from an “outperform” rating to a “market perform” rating and set a $65.00 price objective on the stock. in a report on Friday, February 3rd. Stifel Nicolaus upped their price objective on shares of MACOM Technology Solutions from $75.00 to $82.00 in a report on Thursday, March 9th. BNP Paribas initiated coverage on shares of MACOM Technology Solutions in a report on Tuesday, February 28th. They set a “neutral” rating and a $65.00 price objective on the stock. StockNews.com assumed coverage on shares of MACOM Technology Solutions in a report on Thursday. They set a “hold” rating on the stock. Finally, Needham & Company LLC upped their target price on shares of MACOM Technology Solutions from $68.00 to $76.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $68.91.

MACOM Technology Solutions Company Profile

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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.