MACOM Technology Solutions Holdings Inc. (NASDAQ: MTSI – Rated ) senior vice president Robert Dennehy sold 14,763 shares of the company’s stock in a trade that occurred on Monday, January 9. These shares sold at an average price of $67.00 for a total value of $989,121.00. Following the sale, the senior vice president now directly owns 62,199 shares of the company, worth approximately $4,167,333. The transaction was disclosed in a filing with the U.S. Securities and Exchange Commission, which can be accessed at this link.
Robert Dennehy has also recently made the following transactions:
- On Tuesday, January 3, Robert Dennehy sold 1,404 shares of MACOM Technology Solutions stock. These shares sold for an average of $64.07, for a total value of $89,954.28.
- On Friday, December 23, Robert Dennehy sold 10,498 shares of MACOM Technology Solutions stock. The stocks sold for an average of $63.31, with 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 average selling price of these shares was $59.90, with a total transaction value of $389,350.00.
MACOM Technology Solutions volume down 2.8%
The Nasdaq MTSI was down $1.83 at $64.00 in midday trading Wednesday. The company’s shares saw volume of 803,481 shares compared with an average volume of 341,569 shares. The company has a debt-to-equity ratio of 0.71, a current ratio of 8.36, and a quick ratio of 7.18. MACOM Technology Solutions Holdings Inc had a 52-week low of $42.85 and a 52-week high of $76.41. The stock has a 50-day simple moving average of $66.10 and a 200-day simple moving average of $58.48. The company has a market capitalization of $4.52 billion, a P/E ratio of 10.65, a P/E ratio of 2.24, and a beta of 1.97.
MACOM Technology Solutions (NASDAQ: MTSI – Rated ) last reported its earnings results on Thursday, November 3rd. The semiconductor company reported EPS of $0.64 for the quarter, beating analysts’ consensus estimate of $0.62 by $0.02. MACOM Technology Solutions has a net profit margin of 65.16% and a return on equity of 25.35%. The business reported revenue of $178.14 million for the quarter, compared with the consensus estimate of $177.11 million. Research analysts expect MACOM Technology Solutions Holdings, Inc. to post earnings per share of 2.42 for the current year.
Analyst Rating Changes
MTSI has been the subject of several recent analyst reports. 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. 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 research report on Friday, November 4th. Benchmark downgraded MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report on Monday, November 7th. Finally, StockNews.com downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.56.
Institutional inflows and outflows
Many hedge funds and other institutional investors have recently adjusted their stock holdings. Riverview Trust Co purchased a new stake in MACOM Technology Solutions in the third quarter, valued at approximately $25,000. Ensign Peak Advisors Inc acquired a new stake in MACOM Technology Solutions in the third quarter, valued at approximately $29,000. SeaCrest Wealth Management LLC purchased a new stake in MACOM Technology Solutions in the second quarter, valued at approximately $37,000. CWM LLC increased its stake in MACOM Technology Solutions by 72.9% during the second quarter. CWM LLC now owns 1,148 shares of the semiconductor company, worth $53,000, after purchasing an additional 484 shares during that period. Finally, Quadrant Capital Group LLC increased its position in MACOM Technology Solutions by 244.3% during the third quarter. Quadrant Capital Group LLC now owns 1,143 shares of the semiconductor company worth $59,000 after buying an additional 811 shares last quarter. Institutional investors and hedge funds own 74.93% of the company.
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.
This breaking news alert is powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate coverage. This story was reviewed by MarketBeat’s editorial team before publication. Please send any questions or comments about this story to email@example.com.
You’ll want to hear this before you consider MACOM Technology Solutions.
MarketBeat tracks Wall Street’s highest-rated and top-performing research analysts and the stocks they recommend to clients on a daily basis. MarketBeat has identified five stocks top analysts are quietly whispering to their clients to buy now before the broader market rallies…and MACOM Technology Solutions isn’t on the list.
While MACOM Technology Solutions currently has a “Moderate Buy” rating among analysts, the top-rated analysts see these five stocks as better buys.
Check out five stocks here