Donghyun Thomas Hwang Sells 7,355 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $133.00, for a total value of $978,215.00. Following the completion of the transaction, the senior vice president now owns 43,657 shares of the company’s stock, valued at approximately $5,806,381. This represents a 14.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Donghyun Thomas Hwang also recently made the following trade(s):

• On Wednesday, November 6th, Donghyun Thomas Hwang sold 1,500 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $118.38, for a total value of $177,570.00.

MACOM Technology Solutions Price Performance

Shares of MTSI stock opened at $130.86 on Friday. The company’s 50-day simple moving average is $136.19 and its two-hundred day simple moving average is $118.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55. MACOM Technology Solutions Holdings, Inc. has a one year low of $79.25 and a one year high of $152.50. The company has a market capitalization of $9.73 billion, a P/E ratio of 127.05, a P/E/G ratio of 2.58 and a beta of 1.71.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MTSI. UMB Bank n.a. grew its position in shares of MACOM Technology Solutions by 74.3% during the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after buying an additional 101 shares in the last quarter. Empowered Funds LLC bought a new position in MACOM Technology Solutions during the 4th quarter worth about $33,000. ORG Wealth Partners LLC purchased a new position in MACOM Technology Solutions during the 4th quarter valued at about $36,000. Blue Trust Inc. raised its holdings in shares of MACOM Technology Solutions by 122.2% in the 4th quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 264 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of MACOM Technology Solutions in the 3rd quarter worth approximately $57,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Benchmark increased their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a report on Friday, November 8th. Barclays increased their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Northland Securities upped their price target on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a report on Monday, November 11th. Finally, Piper Sandler raised their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $128.00.

About MACOM Technology Solutions

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