MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) insider John Croteau sold 2,000 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $35.05, for a total transaction of $70,100.00. Following the completion of the sale, the insider now directly owns 147,219 shares of the company’s stock, valued at approximately $5,160,025.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Friday, December 1st, John Croteau sold 2,000 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $31.94, for a total transaction of $63,880.00.

Shares of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) traded up $1.68 during mid-day trading on Friday, reaching $36.82. 1,814,505 shares of the company’s stock traded hands, compared to its average volume of 951,325. The company has a current ratio of 4.81, a quick ratio of 3.64 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $2,370.00, a price-to-earnings ratio of -14.91, a PEG ratio of 1.73 and a beta of 1.31. 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 announced its earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01). The company had revenue of $166.40 million for the quarter, compared to analysts’ expectations of $171.80 million. MACOM Technology Solutions had a positive return on equity of 15.05% and a negative net margin of 24.26%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. sell-side analysts anticipate that MACOM Technology Solutions Holdings Inc will post 0.95 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in MTSI. Schwab Charles Investment Management Inc. boosted its stake in MACOM Technology Solutions by 10.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 158,891 shares of the semiconductor company’s stock worth $8,862,000 after buying an additional 15,348 shares during the period. First Trust Advisors LP boosted its stake in MACOM Technology Solutions by 15.3% during the second quarter. First Trust Advisors LP now owns 28,192 shares of the semiconductor company’s stock worth $1,572,000 after buying an additional 3,749 shares during the period. Rhumbline Advisers boosted its stake in MACOM Technology Solutions by 23.9% during the second quarter. Rhumbline Advisers now owns 45,777 shares of the semiconductor company’s stock worth $2,553,000 after buying an additional 8,836 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of MACOM Technology Solutions by 9.2% in the second quarter. Bank of New York Mellon Corp now owns 234,273 shares of the semiconductor company’s stock valued at $13,065,000 after purchasing an additional 19,768 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of MACOM Technology Solutions by 30.3% in the second quarter. Legal & General Group Plc now owns 15,044 shares of the semiconductor company’s stock valued at $839,000 after purchasing an additional 3,498 shares during the period. 87.77% of the stock is owned by institutional investors.

A number of equities research analysts recently issued reports on MTSI shares. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price objective (down previously from $56.00) on shares of MACOM Technology Solutions in a report on Tuesday, October 17th. ValuEngine raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. DA Davidson started coverage on shares of MACOM Technology Solutions in a report on Monday, October 16th. They issued a “neutral” rating and a $45.00 price objective for the company. Jefferies Group set a $61.00 price objective on shares of MACOM Technology Solutions and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, BidaskClub raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $43.20.

TRADEMARK VIOLATION WARNING: “Insider Selling: MACOM Technology Solutions Holdings Inc (MTSI) Insider Sells 2,000 Shares of Stock” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/01/05/insider-selling-macom-technology-solutions-holdings-inc-mtsi-insider-sells-2000-shares-of-stock.html.

About MACOM Technology Solutions

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)

Receive News & Ratings for MACOM Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MACOM Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.