Insider Selling: MACOM Technology Solutions (NASDAQ:MTSI) CFO Sells $242,988.20 in Stock

by · The Markets Daily

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Free Report) CFO John Kober sold 1,027 shares of the firm’s stock in a transaction on Monday, October 26th. The stock was sold at an average price of $236.60, for a total value of $242,988.20. Following the transaction, the chief financial officer directly owned 34,405 shares of the company’s stock, valued at approximately $8,140,223. This represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

  • On Monday, August 17th, John Kober sold 7,389 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $326.08, for a total value of $2,409,405.12.

MACOM Technology Solutions Trading Up 5.0%

Shares of NASDAQ MTSI traded up $12.10 during trading on Tuesday, reaching $255.68. The company had a trading volume of 1,908,018 shares, compared to its average volume of 1,454,452. The stock has a market cap of $19.53 billion, a P/E ratio of 82.21, a PEG ratio of 0.78 and a beta of 1.77. The company’s fifty day moving average price is $278.95 and its 200-day moving average price is $281.34. The company has a quick ratio of 1.78, a current ratio of 2.34 and a debt-to-equity ratio of 0.04. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $144.06 and a 12 month high of $418.90.

MACOM Technology Solutions (NASDAQ:MTSI – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. The company had revenue of $342.24 million during the quarter, compared to the consensus estimate of $336.08 million. MACOM Technology Solutions had a return on equity of 17.82% and a net margin of 20.70%. The firm’s revenue was up 35.8% compared to the same quarter last year. During the same period last year, the company earned $0.90 earnings per share. MACOM Technology Solutions has set its Q4 2026 guidance at 1.970-2.030 EPS. As a group, research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 4.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Benchmark started coverage on shares of MACOM Technology Solutions in a report on Thursday, August 13th. They set a “buy” rating and a $375.00 price target for the company. Wall Street Zen raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 24th. Susquehanna decreased their price objective on shares of MACOM Technology Solutions from $350.00 to $300.00 and set a “neutral” rating for the company in a research report on Tuesday, July 21st. Finally, BMO Capital Markets raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $335.00 target price for the company in a research note on Friday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $338.08.

View Our Latest Analysis on MACOM Technology Solutions

Institutional Investors Weigh In On MACOM Technology Solutions

A number of hedge funds have recently added to or reduced their stakes in MTSI. Jupiter Topco LLC acquired a new stake in shares of MACOM Technology Solutions during the 2nd quarter worth approximately $256,612,000. Bank of America Corp DE bought a new position in MACOM Technology Solutions during the second quarter worth $247,732,000. Bank of New York Mellon Corp bought a new position in MACOM Technology Solutions during the second quarter worth $204,593,000. Deutsche Bank AG bought a new position in MACOM Technology Solutions during the second quarter worth $137,970,000. Finally, TimesSquare Capital Management LLC acquired a new stake in MACOM Technology Solutions in the second quarter worth $99,499,000. 76.14% of the stock is currently owned by institutional investors.

MACOM Technology Solutions Company Profile

(Get Free Report)

MACOM Technology Solutions Holdings, Inc develops and manufactures high-performance semiconductor products for applications involving radio frequency, microwave, millimeter-wave, analog, mixed-signal and optical technologies. Its offerings include integrated circuits, discrete components, modules and semiconductor devices designed to support communications, connectivity and sensing systems.

The company serves markets including telecommunications, data centers, aerospace and defense, industrial, automotive and consumer applications.

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