MACOM Technology Solutions Holdings Inc (MTSI) Insider Sells $102,960.00 in Stock

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) insider John Croteau sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $17.16, for a total value of $102,960.00. Following the transaction, the insider now owns 140,777 shares in the company, valued at $2,415,733.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

NASDAQ MTSI opened at $17.13 on Friday. MACOM Technology Solutions Holdings Inc has a fifty-two week low of $13.07 and a fifty-two week high of $38.36. The company has a debt-to-equity ratio of 1.03, a quick ratio of 3.62 and a current ratio of 4.29. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 122.36, a P/E/G ratio of 1.66 and a beta of 2.11.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results on Tuesday, November 13th. The semiconductor company reported $0.16 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. The company had revenue of $151.19 million for the quarter, compared to analyst estimates of $152.75 million. MACOM Technology Solutions had a positive return on equity of 0.87% and a negative net margin of 24.54%. The business’s revenue was down 9.1% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. Analysts anticipate that MACOM Technology Solutions Holdings Inc will post 0.57 earnings per share for the current fiscal year.

MTSI has been the topic of several recent research reports. Stifel Nicolaus lowered MACOM Technology Solutions from a “hold” rating to a “sell” rating and cut their target price for the company from $22.00 to $20.00 in a report on Wednesday, September 12th. Barclays cut their target price on MACOM Technology Solutions from $26.00 to $18.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 23rd. BidaskClub lowered MACOM Technology Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Craig Hallum set a $26.00 target price on MACOM Technology Solutions and gave the company an “in-line” rating in a report on Wednesday, August 1st. Finally, Needham & Company LLC restated a “buy” rating and set a $34.00 target price on shares of MACOM Technology Solutions in a report on Wednesday, August 1st. Four analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $23.45.

Institutional investors have recently bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new position in shares of MACOM Technology Solutions in the second quarter worth about $166,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of MACOM Technology Solutions in the second quarter worth about $204,000. Teacher Retirement System of Texas bought a new position in shares of MACOM Technology Solutions in the second quarter worth about $211,000. MML Investors Services LLC increased its stake in shares of MACOM Technology Solutions by 55.2% in the third quarter. MML Investors Services LLC now owns 15,664 shares of the semiconductor company’s stock worth $323,000 after purchasing an additional 5,571 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of MACOM Technology Solutions by 277.2% in the third quarter. PNC Financial Services Group Inc. now owns 16,443 shares of the semiconductor company’s stock worth $339,000 after purchasing an additional 12,084 shares during the period. Institutional investors and hedge funds own 84.95% of the company’s stock.

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MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and photonic semiconductor solutions in the United States, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, which include integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems for more than 60 product lines.

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

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