Today: MACOM Technology Solutions Holdings Inc (MTSI) SVP Donghyun Thomas Hwang Sold 8,650 Shares

Today: MACOM Technology Solutions Holdings Inc (MTSI) SVP Donghyun Thomas Hwang Sold 8,650 Shares

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) SVP Donghyun Thomas Hwang sold 8,650 shares of the business’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $47.70, for a total value of $412,605.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Donghyun Thomas Hwang also recently made the following trade(s): On Tuesday, September 6th, Donghyun Thomas Hwang sold 2,000 shares of MACOM Technology Solutions Holdings stock. The stock was sold at an average price of $43.80, for a total value of $87,600.00.

Shares of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) traded up 1.32% during mid-day trading on Monday, reaching $49.00. The company’s stock had a trading volume of 621,073 shares. The firm has a market cap of $2.63 billion, a P/E ratio of 2041.67 and a beta of 1.39. The firm’s 50-day moving average price is $40.34 and its 200 day moving average price is $38.68. MACOM Technology Solutions Holdings Inc has a 12-month low of $29.56 and a 12-month high of $49.07.

MACOM Technology Solutions Holdings (NASDAQ:MTSI) last announced its quarterly earnings results on Tuesday, November 15th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.02. MACOM Technology Solutions Holdings had a net margin of 0.26% and a return on equity of 17.23%. The company earned $152.70 million during the quarter. During the same quarter in the previous year, the company earned $0.34 EPS. The company’s revenue for the quarter was up 35.6% on a year-over-year basis. On average, analysts expect that MACOM Technology Solutions Holdings Inc will post $2.56 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp increased its position in shares of MACOM Technology Solutions Holdings by 14.3% in the second quarter. Fifth Third Bancorp now owns 3,896 shares of the company’s stock worth $128,000 after buying an additional 486 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of MACOM Technology Solutions Holdings by 55.4% in the second quarter. Teacher Retirement System of Texas now owns 4,041 shares of the company’s stock worth $133,000 after buying an additional 1,441 shares in the last quarter. BlackRock Inc. increased its position in shares of MACOM Technology Solutions Holdings by 349.0% in the second quarter. BlackRock Inc. now owns 6,227 shares of the company’s stock worth $206,000 after buying an additional 4,840 shares in the last quarter. LaSalle Street Capital Management LLC bought a new position in shares of MACOM Technology Solutions Holdings during the second quarter worth about $225,000. Finally, Scout Investments Inc. bought a new position in shares of MACOM Technology Solutions Holdings during the third quarter worth about $237,000. Institutional investors and hedge funds own 72.49% of the company’s stock.

Several equities research analysts have commented on the company. Jefferies Group reissued a “buy” rating and issued a $49.00 target price (down from $50.00) on shares of MACOM Technology Solutions Holdings in a report on Saturday, November 19th. Zacks Investment Research downgraded MACOM Technology Solutions Holdings from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 23rd. Goldman Sachs Group Inc. downgraded MACOM Technology Solutions Holdings from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a report on Tuesday, September 20th. Needham & Company LLC reaffirmed a “buy” rating on shares of MACOM Technology Solutions Holdings in a report on Wednesday, November 16th. Finally, Stifel Nicolaus upped their price target on MACOM Technology Solutions Holdings from $50.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, November 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $46.39.

MACOM Technology Solutions Holdings Company Profile

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