Insider Selling: MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Sells 250 Shares of Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Director Charles R. Bland sold 250 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $45.60, for a total transaction of $11,400.00. Following the completion of the sale, the director now owns 24,590 shares in the company, valued at $1,121,304. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

MACOM Technology Solutions Holdings, Inc. (MTSI) traded down 2.72% during midday trading on Friday, reaching $39.67. 1,064,607 shares of the company traded hands. The firm’s market capitalization is $2.55 billion. The company’s 50-day moving average price is $53.43 and its 200 day moving average price is $51.54. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $35.33 and a 12 month 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 Zacks’ consensus estimate of $0.68 by $0.01. MACOM Technology Solutions Holdings had a negative net margin of 22.43% and a positive return on equity of 17.21%. The firm had revenue of $194.56 million during the quarter, compared to analysts’ expectations of $194.93 million. During the same quarter last year, the company posted $0.51 earnings per share. MACOM Technology Solutions Holdings’s revenue for the quarter was up 36.7% on a year-over-year basis. On average, equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post $2.33 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of MTSI. Strs Ohio bought a new position in MACOM Technology Solutions Holdings during the second quarter worth approximately $105,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in MACOM Technology Solutions Holdings by 10.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,174 shares of the semiconductor company’s stock worth $121,000 after buying an additional 199 shares in the last quarter. Advisor Group Inc. increased its position in MACOM Technology Solutions Holdings by 6.6% in the second quarter. Advisor Group Inc. now owns 2,300 shares of the semiconductor company’s stock worth $128,000 after buying an additional 143 shares in the last quarter. First Mercantile Trust Co. increased its position in MACOM Technology Solutions Holdings by 24.2% in the first quarter. First Mercantile Trust Co. now owns 2,372 shares of the semiconductor company’s stock worth $115,000 after buying an additional 462 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in MACOM Technology Solutions Holdings during the first quarter worth approximately $116,000. 75.06% of the stock is owned by institutional investors.

Several research analysts recently commented on the stock. Barclays PLC reiterated an “overweight” rating and set a $70.00 price objective (up previously from $60.00) on shares of MACOM Technology Solutions Holdings in a research note on Wednesday, July 12th. Jefferies Group LLC upped their price objective on shares of MACOM Technology Solutions Holdings from $55.00 to $58.00 and gave the company a “buy” rating in a report on Friday, April 28th. Zacks Investment Research downgraded shares of MACOM Technology Solutions Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. Stifel Nicolaus increased their price target on shares of MACOM Technology Solutions Holdings from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Tuesday, June 6th. Finally, BidaskClub downgraded shares of MACOM Technology Solutions Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. MACOM Technology Solutions Holdings presently has a consensus rating of “Hold” and a consensus price target of $55.50.

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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