MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CEO John Croteau sold 2,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $31.94, for a total transaction of $63,880.00. Following the sale, the chief executive officer now directly owns 149,219 shares of the company’s stock, valued at approximately $4,766,054.86. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Monday, October 2nd, John Croteau sold 2,000 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $45.20, for a total transaction of $90,400.00.

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ MTSI) traded down $0.99 during trading hours on Tuesday, reaching $31.40. 1,465,731 shares of the company’s stock traded hands, compared to its average volume of 820,025. The firm has a market capitalization of $2,020.00, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 1.59 and a beta of 1.31. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.81 and a quick ratio of 3.64. MACOM Technology Solutions Holdings, Inc. has a one year low of $29.73 and a one year high of $65.99.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01). The business had revenue of $166.40 million for the quarter, compared to analysts’ expectations of $171.80 million. MACOM Technology Solutions had a negative net margin of 24.26% and a positive return on equity of 15.05%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 earnings per share. equities research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 0.95 EPS for the current year.

MTSI has been the subject of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $56.00 price objective on shares of MACOM Technology Solutions in a research report on Tuesday, September 5th. Zacks Investment Research downgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 19th. Barclays lowered their price objective on shares of MACOM Technology Solutions from $63.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, October 18th. Stifel Nicolaus downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating and lowered their price objective for the company from $57.00 to $43.00 in a research report on Monday, October 16th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $54.00 price objective on shares of MACOM Technology Solutions in a research report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $42.10.

Several institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its stake in shares of MACOM Technology Solutions by 122.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,277,406 shares of the semiconductor company’s stock valued at $280,034,000 after buying an additional 3,457,245 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of MACOM Technology Solutions by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,444,631 shares of the semiconductor company’s stock valued at $192,107,000 after buying an additional 269,836 shares during the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of MACOM Technology Solutions by 60.6% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,401,434 shares of the semiconductor company’s stock valued at $151,738,000 after buying an additional 1,283,603 shares during the last quarter. BlackRock Inc. boosted its stake in shares of MACOM Technology Solutions by 16.7% during the 2nd quarter. BlackRock Inc. now owns 2,394,921 shares of the semiconductor company’s stock valued at $133,565,000 after buying an additional 342,102 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of MACOM Technology Solutions by 3.2% during the 3rd quarter. Jennison Associates LLC now owns 2,140,833 shares of the semiconductor company’s stock valued at $95,503,000 after buying an additional 65,664 shares during the last quarter. Institutional investors own 88.18% of the company’s stock.

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MACOM Technology Solutions 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 (NASDAQ:MTSI)

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