John Kober Sells 2,250 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CFO John Kober sold 2,250 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total value of $292,702.50. Following the completion of the sale, the chief financial officer now directly owns 49,239 shares of the company’s stock, valued at approximately $6,405,501.51. This represents a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

John Kober also recently made the following trade(s):

• On Wednesday, November 20th, John Kober sold 19,470 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $126.88, for a total value of $2,470,353.60.
• On Tuesday, October 29th, John Kober sold 2,671 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $117.47, for a total value of $313,762.37.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock opened at $135.45 on Wednesday. The business has a 50 day simple moving average of $131.97 and a 200 day simple moving average of $115.93. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55. The firm has a market capitalization of $9.81 billion, a price-to-earnings ratio of 131.51, a price-to-earnings-growth ratio of 2.43 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $79.25 and a 12-month high of $143.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. EP Wealth Advisors LLC grew its position in MACOM Technology Solutions by 4.3% in the 2nd quarter. EP Wealth Advisors LLC now owns 2,602 shares of the semiconductor company’s stock valued at $290,000 after buying an additional 107 shares in the last quarter. Verdence Capital Advisors LLC raised its position in shares of MACOM Technology Solutions by 6.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,371 shares of the semiconductor company’s stock worth $264,000 after buying an additional 137 shares in the last quarter. Avior Wealth Management LLC lifted its stake in shares of MACOM Technology Solutions by 3.4% in the 3rd quarter. Avior Wealth Management LLC now owns 4,802 shares of the semiconductor company’s stock worth $534,000 after acquiring an additional 157 shares during the period. Chartwell Investment Partners LLC boosted its holdings in shares of MACOM Technology Solutions by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 25,014 shares of the semiconductor company’s stock valued at $2,783,000 after acquiring an additional 199 shares in the last quarter. Finally, CWM LLC increased its stake in shares of MACOM Technology Solutions by 16.4% during the third quarter. CWM LLC now owns 1,689 shares of the semiconductor company’s stock valued at $188,000 after acquiring an additional 238 shares during the period. Institutional investors own 76.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MTSI shares. Barclays boosted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Northland Securities boosted their price objective on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research report on Monday, November 11th. Benchmark raised their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Piper Sandler lifted their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, MACOM Technology Solutions currently has an average rating of “Moderate Buy” and an average price target of $128.00.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.