MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Free Report) SVP Donghyun Thomas Hwang sold 2,595 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $360.64, for a total value of $935,860.80. Following the sale, the senior vice president directly owned 32,376 shares of the company’s stock, valued at approximately $11,676,080.64. This represents a 7.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Donghyun Thomas Hwang also recently made the following trade(s):
- On Thursday, April 30th, Donghyun Thomas Hwang sold 3,718 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $276.74, for a total value of $1,028,919.32.
MACOM Technology Solutions Trading Up 1.5%
Shares of NASDAQ MTSI opened at $385.98 on Friday. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $118.16 and a 12 month high of $401.24. The company has a market cap of $29.45 billion, a price-to-earnings ratio of 167.09, a P/E/G ratio of 3.15 and a beta of 1.60. The company has a quick ratio of 5.84, a current ratio of 7.52 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $279.04 and a 200-day simple moving average of $226.73.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on MTSI shares. Susquehanna increased their price objective on MACOM Technology Solutions from $300.00 to $350.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Jefferies Financial Group increased their price objective on MACOM Technology Solutions from $185.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Bank of America increased their price objective on MACOM Technology Solutions from $260.00 to $305.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. JPMorgan Chase & Co. increased their price objective on MACOM Technology Solutions from $240.00 to $345.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, Barclays increased their price objective on MACOM Technology Solutions from $400.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $321.36.
View Our Latest Research Report on MTSI
Institutional Investors Weigh In On MACOM Technology Solutions
Hedge funds and other institutional investors have recently made changes to their positions in the company. GHP Investment Advisors Inc. acquired a new stake in shares of MACOM Technology Solutions in the 1st quarter valued at $31,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at $30,000. Advisory Services Network LLC acquired a new stake in shares of MACOM Technology Solutions in the 3rd quarter valued at $25,000. EverSource Wealth Advisors LLC increased its stake in shares of MACOM Technology Solutions by 75.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 216 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 93 shares during the period. Finally, Bayforest Capital Ltd acquired a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at $39,000. 76.14% of the stock is owned by institutional investors and hedge funds.
MACOM Technology Solutions Company Profile
MACOM Technology Solutions is a semiconductor company specializing in high-performance analog, microwave, millimeter-wave and photonic semiconductor solutions. Its product portfolio includes amplifiers, switches, modulators, detectors and integrated circuits designed to optimize signal integrity, power management and data transmission. MACOM’s offerings address both digital and optical domains, providing critical building blocks for next-generation communications infrastructure.
The company’s solutions serve a diverse set of end markets, including wireless and wireline telecom, data centers, satellite communications, aerospace and defense, industrial and automotive applications.
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