Ambra R. Roth Sells 1,366 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Ambra R. Roth sold 1,366 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $139.07, for a total value of $189,969.62. Following the completion of the transaction, the senior vice president now owns 6,564 shares of the company’s stock, valued at $912,855.48. This trade represents a 17.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

MACOM Technology Solutions Price Performance

MTSI stock traded up $2.97 during trading on Wednesday, hitting $137.97. The stock had a trading volume of 405,413 shares, compared to its average volume of 572,064. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $79.25 and a twelve month high of $143.90. The company’s 50-day moving average price is $123.57 and its two-hundred day moving average price is $111.47. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55. The stock has a market capitalization of $9.99 billion, a P/E ratio of 131.07, a PEG ratio of 2.44 and a beta of 1.71.

Institutional Trading of MACOM Technology Solutions

Several large investors have recently made changes to their positions in the company. Quarry LP acquired a new stake in MACOM Technology Solutions during the 3rd quarter worth $57,000. Allspring Global Investments Holdings LLC acquired a new position in MACOM Technology Solutions during the third quarter worth about $66,000. FSC Wealth Advisors LLC acquired a new position in MACOM Technology Solutions during the second quarter worth about $78,000. GAMMA Investing LLC grew its stake in MACOM Technology Solutions by 75.4% during the 3rd quarter. GAMMA Investing LLC now owns 821 shares of the semiconductor company’s stock valued at $91,000 after acquiring an additional 353 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in MACOM Technology Solutions by 303.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company’s stock valued at $102,000 after acquiring an additional 692 shares during the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MTSI. Barclays raised their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Piper Sandler upped their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Benchmark lifted their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Northland Securities raised their price objective on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.