Susan Ocampo Sells 105,782 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Susan Ocampo sold 105,782 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $123.67, for a total value of $13,082,059.94. Following the completion of the transaction, the director now directly owns 5,914,008 shares of the company’s stock, valued at approximately $731,385,369.36. This trade represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, November 13th, Susan Ocampo sold 25,351 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $130.05, for a total value of $3,296,897.55.
• 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 stock was 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 stock was sold at an average price of $106.32, for a total value of $9,965,160.96.

MACOM Technology Solutions Stock Down 3.0 %

Shares of NASDAQ MTSI traded down $3.76 during midday trading on Friday, hitting $123.00. 581,319 shares of the stock traded hands, compared to its average volume of 571,187. The company has a market cap of $8.91 billion, a PE ratio of 119.42, a P/E/G ratio of 2.42 and a beta of 1.69. MACOM Technology Solutions Holdings, Inc. has a one year low of $79.25 and a one year high of $140.27. The business has a 50 day moving average price of $113.44 and a two-hundred day moving average price of $107.54. 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 Investors Weigh In On MACOM Technology Solutions

Several institutional investors have recently bought and sold shares of the stock. CWM LLC grew its stake in MACOM Technology Solutions by 7.3% in the 2nd quarter. CWM LLC now owns 1,451 shares of the semiconductor company’s stock valued at $162,000 after purchasing an additional 99 shares during the period. EP Wealth Advisors LLC lifted its position in shares of MACOM Technology Solutions by 4.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 2,602 shares of the semiconductor company’s stock valued at $290,000 after buying an additional 107 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in shares of MACOM Technology Solutions by 6.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,371 shares of the semiconductor company’s stock valued at $264,000 after buying an additional 137 shares during the last quarter. Avior Wealth Management LLC lifted its position in shares of MACOM Technology Solutions by 3.4% during the 3rd quarter. Avior Wealth Management LLC now owns 4,802 shares of the semiconductor company’s stock valued at $534,000 after buying an additional 157 shares during the last quarter. Finally, Chartwell Investment Partners LLC lifted its position in shares of MACOM Technology Solutions by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 25,014 shares of the semiconductor company’s stock valued at $2,783,000 after buying an additional 199 shares during the last quarter. Institutional investors own 76.14% of the company’s stock.

Wall Street Analysts Forecast Growth

MTSI has been the subject of several research analyst reports. Barclays boosted 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. Benchmark boosted their target price 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. JPMorgan Chase & Co. boosted their target price on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Stifel Nicolaus boosted their target price on MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Piper Sandler boosted their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, MACOM Technology Solutions has an average rating of “Moderate Buy” and an average price target of $125.91.

About MACOM Technology Solutions

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.