MACOM Technology Solutions Holdings Inc (MTSI) Chairman John L. Ocampo Sells 500 Shares

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) Chairman John L. Ocampo sold 500 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $56.84, for a total value of $28,420.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) traded up 1.30% on Friday, reaching $56.18. The company’s stock had a trading volume of 899,528 shares. The company’s market cap is $3.59 billion. The company’s 50 day moving average price is $50.07 and its 200 day moving average price is $47.18. MACOM Technology Solutions Holdings Inc has a 12-month low of $29.56 and a 12-month high of $57.30.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last posted its earnings results on Tuesday, April 25th. The semiconductor company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. MACOM Technology Solutions Holdings had a return on equity of 19.84% and a net margin of 2.76%. The firm had revenue of $186.08 million for the quarter, compared to the consensus estimate of $182.73 million. During the same quarter in the prior year, the business earned $0.46 EPS. The business’s revenue for the quarter was up 39.3% on a year-over-year basis. Analysts forecast that MACOM Technology Solutions Holdings Inc will post $2.65 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for MACOM Technology Solutions Holdings (NASDAQ:MTSI)

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System increased its position in MACOM Technology Solutions Holdings by 1.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 6,845 shares of the semiconductor company’s stock worth $317,000 after buying an additional 120 shares during the period. Fifth Third Bancorp increased its position in MACOM Technology Solutions Holdings by 7.9% in the first quarter. Fifth Third Bancorp now owns 2,590 shares of the semiconductor company’s stock worth $125,000 after buying an additional 189 shares during the period. Essex Investment Management Co. LLC increased its position in MACOM Technology Solutions Holdings by 0.8% in the first quarter. Essex Investment Management Co. LLC now owns 27,740 shares of the semiconductor company’s stock worth $1,340,000 after buying an additional 218 shares during the period. US Bancorp DE increased its position in MACOM Technology Solutions Holdings by 6.6% in the first quarter. US Bancorp DE now owns 6,479 shares of the semiconductor company’s stock worth $312,000 after buying an additional 402 shares during the period. Finally, AQR Capital Management LLC increased its position in MACOM Technology Solutions Holdings by 2.6% in the fourth quarter. AQR Capital Management LLC now owns 17,601 shares of the semiconductor company’s stock worth $815,000 after buying an additional 450 shares during the period. Hedge funds and other institutional investors own 61.02% of the company’s stock.

Several brokerages recently commented on MTSI. Jefferies Group LLC restated a “buy” rating and set a $66.00 target price on shares of MACOM Technology Solutions Holdings in a research report on Wednesday. Stifel Nicolaus upped their target price on MACOM Technology Solutions Holdings from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Needham & Company LLC upped their target price on MACOM Technology Solutions Holdings from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Zacks Investment Research lowered MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. Finally, Barclays PLC upped their target price on MACOM Technology Solutions Holdings from $52.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, April 3rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. MACOM Technology Solutions Holdings presently has a consensus rating of “Buy” and a consensus target price of $54.29.

MACOM Technology Solutions Holdings Company Profile

MACOM Technology Solutions Holdings, Inc is a provider of high-performance analog semiconductor solutions that enable Internet applications, the cloud-connected applications economy, and the networked battlefield across the radio frequency (RF), microwave, millimeterwave and photonic spectrum. It has multiple design centers, silicon, gallium arsenide and indium phosphide fabrication, manufacturing, assembly and test, and operational facilities throughout North America, Europe, Asia and Australia.

5 Day Chart for NASDAQ:MTSI

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