Susan Ocampo Sells 25,351 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 25,351 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $130.05, for a total value of $3,296,897.55. Following the completion of the sale, the director now directly owns 6,046,676 shares of the company’s stock, valued at approximately $786,370,213.80. The trade was a 0.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Susan Ocampo also recently made the following trade(s):

• On Friday, November 15th, Susan Ocampo sold 105,782 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $123.67, for a total value of $13,082,059.94.
• On Wednesday, August 28th, Susan Ocampo sold 70,000 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $106.26, for a total value of $7,438,200.00.
• On Friday, August 23rd, Susan Ocampo sold 51,010 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $107.02, for a total value of $5,459,090.20.
• On Tuesday, August 20th, Susan Ocampo sold 93,728 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $106.32, for a total value of $9,965,160.96.

MACOM Technology Solutions Price Performance

Shares of MTSI traded down $3.76 during midday trading on Friday, hitting $123.00. 581,319 shares of the company traded hands, compared to its average volume of 571,187. The firm has a 50 day moving average of $113.44 and a 200-day moving average of $107.54. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $79.25 and a 52 week high of $140.27. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of 119.42, a PEG ratio of 2.42 and a beta of 1.69. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.55 and a current ratio of 8.35.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Opal Wealth Advisors LLC bought a new stake in MACOM Technology Solutions in the second quarter worth about $39,000. GAMMA Investing LLC increased its holdings in MACOM Technology Solutions by 153.0% during the second quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock valued at $52,000 after buying an additional 283 shares during the period. Quarry LP purchased a new position in MACOM Technology Solutions during the third quarter valued at approximately $57,000. Allspring Global Investments Holdings LLC purchased a new position in MACOM Technology Solutions in the third quarter worth $66,000. Finally, FSC Wealth Advisors LLC purchased a new position in MACOM Technology Solutions in the second quarter worth $78,000. Institutional investors own 76.14% of the company’s stock.

Wall Street Analyst Weigh In

MTSI has been the subject of several research analyst reports. Benchmark lifted their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Northland Securities upped their target price on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a report on Monday. JPMorgan Chase & Co. boosted their price target on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Needham & Company LLC upped their price objective on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Barclays upped their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.91.

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, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.