MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) Chairman John L. Ocampo sold 299,500 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $57.34, for a total transaction of $17,173,330.00. 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 down 2.45% during mid-day trading on Tuesday, hitting $59.35. 1,314,352 shares of the stock were exchanged. The company’s market cap is $3.79 billion. The stock’s 50-day moving average price is $50.69 and its 200-day moving average price is $47.67. MACOM Technology Solutions Holdings Inc has a 52-week low of $29.56 and a 52-week high of $61.45.

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, beating the consensus estimate of $0.61 by $0.02. The firm had revenue of $186.08 million during the quarter, compared to analyst estimates of $182.73 million. MACOM Technology Solutions Holdings had a net margin of 2.76% and a return on equity of 19.84%. The business’s quarterly revenue was up 39.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. Equities research analysts anticipate that MACOM Technology Solutions Holdings Inc will post $2.65 earnings per share for the current fiscal year.

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

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A number of analysts have commented on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $66.00 target price on shares of MACOM Technology Solutions Holdings in a report on Wednesday, May 17th. Barclays PLC upped their target price on shares of MACOM Technology Solutions Holdings from $52.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, April 3rd. Stifel Nicolaus upped their target price on shares of MACOM Technology Solutions Holdings from $57.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, April 26th. Zacks Investment Research cut shares of MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, April 19th. Finally, Needham & Company LLC upped their target price on shares of MACOM Technology Solutions Holdings from $54.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, April 26th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $54.29.

Institutional investors have recently bought and sold shares of the stock. CG Asset Management LLC purchased a new position in MACOM Technology Solutions Holdings during the third quarter valued at $2,261,000. FMR LLC raised its position in MACOM Technology Solutions Holdings by 182.8% in the fourth quarter. FMR LLC now owns 818,493 shares of the semiconductor company’s stock valued at $37,880,000 after buying an additional 529,110 shares during the period. Essex Investment Management Co. LLC purchased a new position in MACOM Technology Solutions Holdings during the third quarter valued at $1,165,000. Russell Investments Group Ltd. purchased a new position in MACOM Technology Solutions Holdings during the fourth quarter valued at $9,356,000. Finally, Comerica Bank raised its position in MACOM Technology Solutions Holdings by 11.8% in the fourth quarter. Comerica Bank now owns 36,391 shares of the semiconductor company’s stock valued at $1,727,000 after buying an additional 3,838 shares during the period. 61.02% of the stock is owned by hedge funds and other institutional investors.

About MACOM Technology Solutions Holdings

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.

12 Month Chart for NASDAQ:MTSI

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