MACOM Technology Solutions Holdings Inc. (NASDAQ: MTSI – Rated ) senior vice president Robert Dennehy sold 3,250 shares in a trade that occurred on Wednesday, January 18th. The stocks sold for an average of $66.27, with a total transaction value of $215,377.50. Following the transaction, the senior vice president now owns 58,949 shares of the company, worth $3,906,550.23. The sale was disclosed in a filing with the U.S. Securities and Exchange Commission, which is available through the SEC website.
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Robert Dennehy has also recently made the following transactions:
- On Monday, January 9, Robert Dennehy sold 14,763 shares of MACOM Technology Solutions stock. The stock had an average selling price of $67.00 and a total transaction value of $989,121.00.
- On Tuesday, January 3, Robert Dennehy sold 1,404 shares of MACOM Technology Solutions stock. The stock sold at an average price of $64.07 for a total transaction value of $89,954.28.
- On Friday, December 23, Robert Dennehy sold 10,498 shares of MACOM Technology Solutions stock. The stock had an average selling price of $63.31 and a total transaction value of $664,628.38.
- On Tuesday, November 22, Robert Dennehy sold 2,000 shares of MACOM Technology Solutions stock. The stock sold at an average price of $68.63 for a total transaction value of $137,260.00.
- On Wednesday, November 2, Robert Dennehy sold 6,500 shares of MACOM Technology Solutions stock. The stock sold at an average price of $59.90 for a total transaction value of $389,350.00.
MACOM Technology Solutions Stock Performance
Nasdaq: MTSI rose 80 cents to 62.48 on Friday. The company’s shares saw volume of 579,174 shares compared with its average volume of 438,513 shares. The company has a current ratio of 8.36, a quick ratio of 7.18, and a debt-to-equity ratio of 0.71. The stock has a 50-day moving average of $66.10 and a 200-day moving average of $59.15. The company has a market capitalization of $4.42 billion, a P/E ratio of 9.98, a P/E ratio of 2.18, and a beta of 1.96. MACOM Technology Solutions Holdings Inc had a one-year low of $42.85 and a one-year high of $72.64.
MACOM Technology Solutions (NASDAQ: MTSI – Get Rating ) last released quarterly earnings data on Thursday, November 3rd. The semiconductor company reported earnings per share (EPS) of $0.64 for the quarter, beating the consensus estimate of $0.62 by $0.02. The company’s revenue for the quarter came in at $178.14 million, compared with analyst estimates of $177.11 million. MACOM Technology Solutions has a return on equity of 25.35% and a net profit margin of 65.16%. Research analysts predict that MACOM Technology Solutions Holdings, Inc. will post earnings per share of 2.42 for the year.
Analyst promotion and downgrade
Several equity research analysts recently published reports on MTSI stock. StockNews.com downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. Craig Hallum downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating and lowered their price target for the stock from $73.00 to $65.00 in a research report on Wednesday, January 11th. Benchmark downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research report on Monday, November 7th. Finally, Needham & Company LLC upped their price target on MACOM Technology Solutions from $62.00 to $68.00 and gave the company a “buy” rating in a report on Friday, November 4th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the stock. The stock currently has a Moderate Buy consensus rating and an average price target of $67.56, according to MarketBeat.com.
Institutional Trading or MACOM Technology Solutions
Institutional investors and hedge funds have recently bought and sold the company’s shares. Crossmark Global Holdings purchased a new position in MACOM Technology Solutions stock worth approximately $252,000 in the fourth quarter. Fulton Bank NA purchased a new position in MACOM Technology Solutions stock worth approximately $240,000 in the fourth quarter. Bank of New York Mellon Corp increased its stake in MACOM Technology Solutions by 136.0% in the third quarter. BNY Mellon now owns 507,452 shares of the semiconductor company, worth $26,281,000, after buying an additional 292,386 shares during the period. Eagle Bay Advisors LLC increased its stake in MACOM Technology Solutions by 10.1 percent during the third quarter. Eagle Bay Advisors LLC now owns 2,185 shares of the semiconductor company, worth $115,000, after purchasing an additional 200 shares during that period. Finally, the Kentucky Teachers’ Retirement System purchased a new position in MACOM Technology Solutions stock during the third quarter, worth approximately $376,000. Institutional investors hold 74.93% of the company’s shares.
About MACOM Technology Solutions
MACOM Technology Solutions Holdings, Inc and its subsidiaries design and manufacture analog semiconductor solutions for use in the United States, China, Taiwan, Japan, Singapore, Thailand, Korea, Australia, Malaysia and internationally.
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