John Croteau Sells 2,000 Shares of MACOM Technology Solutions Holdings, Inc. (MTSI) Stock

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

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.

MACOM Technology Solutions Holdings, Inc. (MTSI) traded up $0.40 during trading on Thursday, reaching $31.80. 987,700 shares of the company were exchanged, compared to its average volume of 820,738. The stock has a market capitalization of $2,017.88, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 1.55 and a beta of 1.31. The company has a current ratio of 4.81, a quick ratio of 3.64 and a debt-to-equity ratio of 0.87. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $29.73 and a 52 week high of $65.99.

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

Hedge funds have recently bought and sold shares of the business. Royce & Associates LP increased its position in MACOM Technology Solutions by 20.3% during the second quarter. Royce & Associates LP now owns 103,500 shares of the semiconductor company’s stock valued at $5,772,000 after acquiring an additional 17,500 shares during the last quarter. Amalgamated Bank bought a new position in MACOM Technology Solutions during the second quarter valued at $293,000. TD Asset Management Inc. increased its position in MACOM Technology Solutions by 9.2% during the second quarter. TD Asset Management Inc. now owns 11,900 shares of the semiconductor company’s stock valued at $664,000 after acquiring an additional 1,000 shares during the last quarter. Legal & General Group Plc increased its position in MACOM Technology Solutions by 30.3% during the second quarter. Legal & General Group Plc now owns 15,044 shares of the semiconductor company’s stock valued at $839,000 after acquiring an additional 3,498 shares during the last quarter. Finally, AXA increased its position in MACOM Technology Solutions by 16.7% during the second quarter. AXA now owns 63,000 shares of the semiconductor company’s stock valued at $3,514,000 after acquiring an additional 9,000 shares during the last quarter. Institutional investors and hedge funds own 88.18% of the company’s stock.

MTSI has been the subject of several recent research reports. Needham & Company LLC restated a “buy” rating and set a $56.00 target price on shares of MACOM Technology Solutions in a research report on Tuesday, September 5th. Jefferies Group set a $61.00 target price on shares of MACOM Technology Solutions and gave the company a “buy” rating in a research report on Wednesday, October 18th. Craig Hallum reiterated a “buy” rating and issued a $54.00 price target on shares of MACOM Technology Solutions in a research report on Tuesday, October 3rd. dropped their price target on shares of MACOM Technology Solutions from $45.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Finally, Stifel Nicolaus lowered shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating and dropped their price target for the stock from $57.00 to $43.00 in a research report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $42.10.

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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.

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