January 28, 2023
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Robert Dennehy Sells 10,498 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock

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MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Rating) SVP Robert Dennehy sold 10,498 shares of MACOM Technology Solutions stock in a transaction on Friday, December 23rd. The stock was sold at an average price of $63.31, for a total transaction of $664,628.38. Following the completion of the transaction, the senior vice president now owns 78,366 shares in the company, valued at approximately $4,961,351.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Robert Dennehy also recently made the following trade(s):

  • On Tuesday, November 22nd, Robert Dennehy sold 2,000 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $68.63, for a total value of $137,260.00.
  • On Wednesday, November 2nd, Robert Dennehy sold 6,500 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $59.90, for a total value of $389,350.00.
  • On Monday, October 3rd, Robert Dennehy sold 2,000 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $52.40, for a total value of $104,800.00.

MACOM Technology Solutions Price Performance

MTSI stock traded down $1.35 during trading on Wednesday, hitting $60.75. The company had a trading volume of 189,566 shares, compared to its average volume of 503,292. The company has a fifty day moving average price of $64.65 and a two-hundred day moving average price of $57.32. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $42.85 and a fifty-two week high of $80.00. The company has a market cap of $4.29 billion, a P/E ratio of 10.05, a P/E/G ratio of 2.15 and a beta of 1.98. The company has a current ratio of 8.36, a quick ratio of 7.18 and a debt-to-equity ratio of 0.71.

MACOM Technology Solutions (NASDAQ:MTSI – Get Rating) last issued its earnings results on Thursday, November 3rd. The semiconductor company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. MACOM Technology Solutions had a net margin of 65.16% and a return on equity of 25.35%. The company had revenue of $178.14 million for the quarter, compared to the consensus estimate of $177.11 million. Equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Needham & Company LLC boosted their target price on shares of MACOM Technology Solutions from $62.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, November 4th. StockNews.com lowered shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. Finally, Benchmark downgraded MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research report on Monday, November 7th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, MACOM Technology Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $72.09.

Institutional Trading of MACOM Technology Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in MTSI. Eagle Bay Advisors LLC increased its position in MACOM Technology Solutions by 10.1% in the 3rd quarter. Eagle Bay Advisors LLC now owns 2,185 shares of the semiconductor company’s stock valued at $115,000 after acquiring an additional 200 shares in the last quarter. Captrust Financial Advisors boosted its position in MACOM Technology Solutions by 26.6% in the 2nd quarter. Captrust Financial Advisors now owns 1,466 shares of the semiconductor company’s stock valued at $68,000 after buying an additional 308 shares during the last quarter. CWM LLC increased its stake in shares of MACOM Technology Solutions by 27.0% in the 3rd quarter. CWM LLC now owns 1,458 shares of the semiconductor company’s stock valued at $76,000 after buying an additional 310 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of MACOM Technology Solutions by 1.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 19,577 shares of the semiconductor company’s stock worth $902,000 after acquiring an additional 371 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of MACOM Technology Solutions by 26.8% during the third quarter. Nisa Investment Advisors LLC now owns 1,991 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 421 shares during the period. 74.93% of the stock is currently owned by institutional investors and hedge funds.

MACOM Technology Solutions Company Profile

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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, Taiwan, Japan, Singapore, Thailand, South Korea, Australia, Malaysia, and internationally.

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Insider Buying and Selling by Quarter for MACOM Technology Solutions (NASDAQ:MTSI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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