Insider Selling at MACOM Technology Solutions Holdings, Inc.

On November 6th, Donghyun Thomas Hwang, the Senior Vice President (SVP) of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI), sold 1,500 shares of the company's stock. The shares were sold at an average price of $118.38, amounting to a total value of $177,570.00. After this transaction, Hwang now owns 37,102 shares in MACOM, which are valued at approximately $4,392,134.76. This recent trade indicates a 0.00% change in the SVP's position within the company. Details of the transaction have been filed with the Securities and Exchange Commission (SEC) and are available for public access.

Recent Trades by the SVP

In addition to the recent sale, Hwang sold 4,375 shares of MACOM Technology Solutions stock on September 3rd at an average price of $104.57, totaling $457,493.75.

Current Stock Performance

Shares of MACOM Technology Solutions experienced a decline of 0.9% to $137.86 during trading on Friday. The trading volume reached 1,071,348 shares compared to an average of 571,330 shares. Currently, the company has a market capitalization of $9.95 billion, a price-to-earnings (P/E) ratio of 133.84, and a price-to-earnings growth (P/E/G) ratio of 4.33. The stock has shown a fifty-day moving average of $110.02 and a two-hundred day moving average of $106.28. Over the past year, the stock has fluctuated between a low of $72.15 and a high of $140.27.

Analyst Outlook

Recent reports from various Wall Street analysts have projected a positive outlook for MACOM Technology Solutions. JPMorgan Chase & Co. increased their target price from $105.00 to $110.00, issuing a "neutral" rating on August 2nd. Barclays raised their target price from $120.00 to $160.00, rating the stock as "overweight". Additionally, Stifel Nicolaus raised their target from $115.00 to $135.00, giving a "buy" rating, while Benchmark lifted their price objective from $120.00 to $160.00 with a "buy" assessment. Piper Sandler also raised their target from $100.00 to $115.00, maintaining a "neutral" status. Currently, there are two hold ratings and eight buy ratings for MACOM, leading to a consensus rating of "Moderate Buy" with an average target price of $128.00.

Institutional Investor Activity

Institutional investors have shown increasing interest in MACOM Technology Solutions. For instance, Texas Permanent School Fund Corp raised its stake by 2.5% in the first quarter and now owns 47,935 shares valued at $4,585,000. Similarly, Duality Advisers LP boosted their holdings by 13.4% and owns 3,093 shares, while TimesSquare Capital Management LLC increased its stake by 2.9%. Swiss National Bank and Sei Investments Co. have also raised their positions, indicating that institutional ownership accounts for approximately 76.14% of the company's stock.

About the Company

MACOM Technology Solutions Holdings, Inc., along with its subsidiaries, specializes in designing and manufacturing analog semiconductor solutions that serve a wide range of applications in wireless and wireline sectors. They operate across various regions, including the United States, China, and parts of Asia.

Insider, Trading, Stocks