Key Points
- MACOM SVP Donghyun Thomas Hwang sold 5,274 shares on Feb. 2 at an average price of $226.06 for $1,192,240.44, reducing his stake by 12.02% to 38,604 shares valued at about $8.73 million.
- Hwang has been selling into the stock's rally, previously offloading 4,372 shares on Dec. 4 at $185.63 and 3,789 shares on Nov. 19 at $161.09, indicating a pattern of recent insider sales.
- Company backdrop: MACOM has a $16.13 billion market cap, reported $0.94 EPS and $261.17M revenue in its most recent quarter (revenue +3.6% YoY), and carries a consensus "Moderate Buy" with an average analyst target around $196.82 and several buy upgrades raising targets up to $260.
MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) SVP Donghyun Thomas Hwang sold 5,274 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $226.06, for a total transaction of $1,192,240.44. Following the sale, the senior vice president directly owned 38,604 shares of the company's stock, valued at $8,726,820.24. This represents a 12.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Donghyun Thomas Hwang also recently made the following trade(s):
- On Thursday, December 4th, Donghyun Thomas Hwang sold 4,372 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $185.63, for a total transaction of $811,574.36.
- On Wednesday, November 19th, Donghyun Thomas Hwang sold 3,789 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $161.09, for a total transaction of $610,370.01.
MACOM Technology Solutions Stock Performance
MTSI opened at $215.03 on Thursday. The company has a market capitalization of $16.13 billion, a price-to-earnings ratio of -265.47, a P/E/G ratio of 4.23 and a beta of 1.44. The business's 50-day moving average price is $192.01 and its two-hundred day moving average price is $156.89. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $236.80. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.71 and a quick ratio of 2.98.
MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.01. MACOM Technology Solutions had a positive return on equity of 14.38% and a negative net margin of 5.60%.The company had revenue of $261.17 million during the quarter, compared to analysts' expectations of $260.16 million. During the same period in the prior year, the firm earned $0.73 earnings per share. MACOM Technology Solutions's revenue for the quarter was up 3.6% compared to the same quarter last year. Equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.
Institutional Trading of MACOM Technology Solutions
Institutional investors and hedge funds have recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. raised its stake in MACOM Technology Solutions by 2.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,799 shares of the semiconductor company's stock valued at $479,000 after acquiring an additional 62 shares during the period. Merit Financial Group LLC grew its stake in MACOM Technology Solutions by 3.9% in the 3rd quarter. Merit Financial Group LLC now owns 1,834 shares of the semiconductor company's stock valued at $228,000 after buying an additional 68 shares during the last quarter. Larson Financial Group LLC lifted its position in MACOM Technology Solutions by 19.4% during the third quarter. Larson Financial Group LLC now owns 418 shares of the semiconductor company's stock worth $52,000 after acquiring an additional 68 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in MACOM Technology Solutions by 75.6% during the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 93 shares during the last quarter. Finally, Wedmont Private Capital boosted its holdings in shares of MACOM Technology Solutions by 5.4% during the third quarter. Wedmont Private Capital now owns 1,925 shares of the semiconductor company's stock worth $246,000 after acquiring an additional 99 shares during the period. Institutional investors own 76.14% of the company's stock.
Analyst Upgrades and Downgrades
MTSI has been the subject of several recent research reports. Zacks Research cut shares of MACOM Technology Solutions from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 29th. Susquehanna initiated coverage on MACOM Technology Solutions in a research report on Monday, December 15th. They issued a "neutral" rating and a $200.00 target price on the stock. Jefferies Financial Group increased their price target on MACOM Technology Solutions from $185.00 to $260.00 and gave the company a "buy" rating in a research report on Monday. TD Cowen raised their price target on MACOM Technology Solutions from $150.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, November 7th. Finally, Bank of America increased their price objective on MACOM Technology Solutions from $220.00 to $260.00 and gave the company a "buy" rating in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, MACOM Technology Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $196.82.
Check Out Our Latest Stock Report on MACOM Technology Solutions
MACOM Technology Solutions Company Profile
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Get Free Report)
MACOM Technology Solutions is a semiconductor company specializing in high-performance analog, microwave, millimeter-wave and photonic semiconductor solutions. Its product portfolio includes amplifiers, switches, modulators, detectors and integrated circuits designed to optimize signal integrity, power management and data transmission. MACOM's offerings address both digital and optical domains, providing critical building blocks for next-generation communications infrastructure.
The company's solutions serve a diverse set of end markets, including wireless and wireline telecom, data centers, satellite communications, aerospace and defense, industrial and automotive applications.
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