MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) insider John Croteau sold 2,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $45.20, for a total transaction of $90,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

John Croteau also recently made the following trade(s):

  • On Friday, September 1st, John Croteau sold 2,000 shares of MACOM Technology Solutions Holdings stock. The stock was sold at an average price of $45.68, for a total transaction of $91,360.00.
  • On Tuesday, August 1st, John Croteau sold 2,000 shares of MACOM Technology Solutions Holdings stock. The stock was sold at an average price of $60.76, for a total transaction of $121,520.00.

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) traded down 0.97% during midday trading on Wednesday, hitting $42.76. 659,927 shares of the stock traded hands. The stock has a 50 day moving average of $43.17 and a 200 day moving average of $50.87. The company’s market capitalization is $2.75 billion. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $35.33 and a 1-year high of $65.99.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last released its earnings results on Tuesday, August 1st. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.01). The company had revenue of $194.56 million for the quarter, compared to analyst estimates of $194.93 million. MACOM Technology Solutions Holdings had a positive return on equity of 17.21% and a negative net margin of 22.43%. The business’s revenue for the quarter was up 36.7% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. Equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post $2.33 earnings per share for the current fiscal year.

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MTSI has been the topic of several research analyst reports. Stifel Nicolaus raised their price objective on shares of MACOM Technology Solutions Holdings from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Tuesday, June 6th. Needham & Company LLC lifted their price target on shares of MACOM Technology Solutions Holdings from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, June 26th. BidaskClub downgraded shares of MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Barclays PLC reiterated an “overweight” rating and set a $70.00 price target (up previously from $60.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $61.00 price target (down previously from $66.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, August 2nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $58.20.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC grew its holdings in shares of MACOM Technology Solutions Holdings by 5.0% during the 1st quarter. Lazard Asset Management LLC now owns 707,675 shares of the semiconductor company’s stock worth $34,180,000 after purchasing an additional 33,460 shares in the last quarter. Royce & Associates LP grew its holdings in shares of MACOM Technology Solutions Holdings by 20.3% during the 2nd quarter. Royce & Associates LP now owns 103,500 shares of the semiconductor company’s stock worth $5,772,000 after purchasing an additional 17,500 shares in the last quarter. Sei Investments Co. grew its holdings in shares of MACOM Technology Solutions Holdings by 4.5% during the 1st quarter. Sei Investments Co. now owns 11,001 shares of the semiconductor company’s stock worth $531,000 after purchasing an additional 470 shares in the last quarter. TD Asset Management Inc. grew its holdings in shares of MACOM Technology Solutions Holdings by 9.2% during the 2nd quarter. TD Asset Management Inc. now owns 11,900 shares of the semiconductor company’s stock worth $664,000 after purchasing an additional 1,000 shares in the last quarter. Finally, AXA grew its holdings in shares of MACOM Technology Solutions Holdings by 16.7% during the 2nd quarter. AXA now owns 63,000 shares of the semiconductor company’s stock worth $3,514,000 after purchasing an additional 9,000 shares in the last quarter. 79.65% of the stock is currently owned by institutional investors.

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.

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

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