MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Sells $978,215.00 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Donghyun Thomas Hwang sold 7,355 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $133.00, for a total value of $978,215.00. Following the sale, the senior vice president now directly owns 43,657 shares of the company’s stock, valued at approximately $5,806,381. The trade was a 14.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Donghyun Thomas Hwang also recently made the following trade(s):

• On Wednesday, November 6th, Donghyun Thomas Hwang sold 1,500 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $118.38, for a total transaction of $177,570.00.

MACOM Technology Solutions Trading Up 2.4 %

Shares of MTSI stock traded up $2.98 during trading hours on Wednesday, hitting $126.90. 602,033 shares of the company were exchanged, compared to its average volume of 660,562. The firm has a market cap of $9.43 billion, a P/E ratio of 123.21, a P/E/G ratio of 2.58 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $79.25 and a fifty-two week high of $152.50. The company has a 50 day simple moving average of $136.22 and a two-hundred day simple moving average of $118.74. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.55 and a current ratio of 8.35.

Hedge Funds Weigh In On MACOM Technology Solutions

Institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. increased its position in MACOM Technology Solutions by 74.3% in the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 101 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at approximately $33,000. ORG Wealth Partners LLC acquired a new position in shares of MACOM Technology Solutions during the fourth quarter worth approximately $36,000. Quarry LP acquired a new stake in MACOM Technology Solutions in the 3rd quarter valued at $57,000. Finally, Blue Trust Inc. increased its stake in MACOM Technology Solutions by 122.2% during the 4th quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 264 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

Wall Street Analysts Forecast Growth

MTSI has been the topic of several recent research reports. Piper Sandler lifted their price target on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. 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, November 11th. Barclays raised their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Benchmark upped their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $128.00.

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.