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

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) insider John Croteau sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $35.05, for a total transaction of $70,100.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this link.

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.

MACOM Technology Solutions Holdings Inc (NASDAQ MTSI) opened at $36.82 on Friday. The company has a quick ratio of 3.64, a current ratio of 4.81 and a debt-to-equity ratio of 0.87. MACOM Technology Solutions Holdings Inc has a 12 month low of $29.73 and a 12 month high of $65.99. The company has a market cap of $2,258.23, a P/E ratio of -12.40, a price-to-earnings-growth ratio of 1.73 and a beta of 1.32.

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

Several institutional investors have recently made changes to their positions in the company. Bamco Inc. NY boosted its stake in shares of MACOM Technology Solutions by 528.8% in the 3rd quarter. Bamco Inc. NY now owns 940,121 shares of the semiconductor company’s stock valued at $41,939,000 after purchasing an additional 790,621 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of MACOM Technology Solutions by 555.0% in the 3rd quarter. Asset Management One Co. Ltd. now owns 41,674 shares of the semiconductor company’s stock valued at $1,852,000 after purchasing an additional 35,312 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of MACOM Technology Solutions by 46.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,038,371 shares of the semiconductor company’s stock valued at $46,322,000 after purchasing an additional 331,665 shares in the last quarter. Aureus Asset Management LLC boosted its stake in shares of MACOM Technology Solutions by 10.0% in the 3rd quarter. Aureus Asset Management LLC now owns 321,702 shares of the semiconductor company’s stock valued at $14,351,000 after purchasing an additional 29,230 shares in the last quarter. Finally, Nicholas Investment Partners LP purchased a new stake in shares of MACOM Technology Solutions in the 3rd quarter valued at $1,893,000. 87.77% of the stock is owned by institutional investors.

MTSI has been the subject of a number of research reports. Zacks Investment Research cut shares of MACOM Technology Solutions from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 19th. ValuEngine raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Monday, December 11th. Barclays cut their price target on shares of MACOM Technology Solutions from $63.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, October 18th. Stifel Nicolaus cut shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating and cut their price target for the stock from $57.00 to $43.00 in a research note on Monday, October 16th. Finally, DA Davidson cut their price target on shares of MACOM Technology Solutions to $32.00 and set a “neutral” rating for the company in a research note on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $43.20.

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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.

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

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