John Croteau Sells 2,000 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CEO John Croteau sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $31.94, for a total value of $63,880.00. Following the sale, the chief executive officer now directly owns 149,219 shares in the company, valued at $4,766,054.86. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

  • On Monday, October 2nd, John Croteau sold 2,000 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $45.20, for a total value of $90,400.00.

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ MTSI) traded up $0.16 during midday trading on Thursday, reaching $31.70. The company’s stock had a trading volume of 625,061 shares, compared to its average volume of 820,353. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $29.73 and a 1 year high of $65.99. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.81 and a quick ratio of 3.64. The firm has a market capitalization of $2,040.00, a price-to-earnings ratio of 18.43, a PEG ratio of 1.55 and a beta of 1.31.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Tuesday, November 14th. The semiconductor company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01). MACOM Technology Solutions had a positive return on equity of 15.05% and a negative net margin of 24.26%. The company had revenue of $166.40 million during the quarter, compared to analyst estimates of $171.80 million. During the same period in the prior year, the business earned $0.54 earnings per share. MACOM Technology Solutions’s quarterly revenue was up 9.0% on a year-over-year basis. equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 0.95 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bamco Inc. NY grew its stake in shares of MACOM Technology Solutions by 528.8% in the third quarter. Bamco Inc. NY now owns 940,121 shares of the semiconductor company’s stock worth $41,939,000 after purchasing an additional 790,621 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of MACOM Technology Solutions by 555.0% in the third quarter. Asset Management One Co. Ltd. now owns 41,674 shares of the semiconductor company’s stock worth $1,852,000 after purchasing an additional 35,312 shares in the last quarter. Allianz Asset Management GmbH grew its stake in shares of MACOM Technology Solutions by 46.9% in the third quarter. Allianz Asset Management GmbH now owns 1,038,371 shares of the semiconductor company’s stock worth $46,322,000 after purchasing an additional 331,665 shares in the last quarter. Aureus Asset Management LLC grew its stake in shares of MACOM Technology Solutions by 10.0% in the third quarter. Aureus Asset Management LLC now owns 321,702 shares of the semiconductor company’s stock worth $14,351,000 after purchasing an additional 29,230 shares in the last quarter. Finally, Nicholas Investment Partners LP bought a new position in shares of MACOM Technology Solutions in the third quarter worth $1,893,000. 88.18% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on the company. ValuEngine raised MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Monday. Jefferies Group set a $61.00 price target on MACOM Technology Solutions and gave the company a “buy” rating in a research report on Wednesday, October 18th. dropped their price target on MACOM Technology Solutions from $45.00 to $42.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. J P Morgan Chase & Co dropped their price target on MACOM Technology Solutions from $55.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 15th. Finally, dropped their price target on MACOM Technology Solutions from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $42.10.

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About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc is a provider of high-performance analog semiconductor solutions that enable Internet applications, the cloud-connected applications economy, and the networked battlefield across the radio frequency (RF), microwave, millimeterwave and photonic spectrum. It has multiple design centers, silicon, gallium arsenide and indium phosphide fabrication, manufacturing, assembly and test, and operational facilities throughout North America, Europe, Asia and Australia.

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

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