MACOM Technology Solutions Holdings Inc (MTSI) Chairman Buys $795,600.00 in Stock

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) Chairman John L. Ocampo acquired 60,000 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was acquired at an average price of $13.26 per share, for a total transaction of $795,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of NASDAQ MTSI traded up $0.45 during midday trading on Thursday, reaching $13.84. The company had a trading volume of 22,858 shares, compared to its average volume of 1,455,819. The stock has a market cap of $893.53 million, a P/E ratio of 98.93 and a beta of 2.22. MACOM Technology Solutions Holdings Inc has a 1 year low of $12.33 and a 1 year high of $25.92. The company has a current ratio of 5.01, a quick ratio of 3.66 and a debt-to-equity ratio of 1.11.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported ($0.18) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.09. The business had revenue of $128.47 million during the quarter, compared to analysts’ expectations of $121.06 million. MACOM Technology Solutions had a negative net margin of 30.19% and a negative return on equity of 1.98%. The business’s quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter last year, the company posted $0.13 earnings per share. As a group, sell-side analysts forecast that MACOM Technology Solutions Holdings Inc will post -0.5 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of MTSI. Yiheng Capital LLC raised its holdings in shares of MACOM Technology Solutions by 43.8% in the fourth quarter. Yiheng Capital LLC now owns 2,748,749 shares of the semiconductor company’s stock worth $39,884,000 after buying an additional 837,740 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of MACOM Technology Solutions by 203.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,043,898 shares of the semiconductor company’s stock worth $15,147,000 after buying an additional 699,946 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of MACOM Technology Solutions by 78.9% in the first quarter. Dimensional Fund Advisors LP now owns 900,063 shares of the semiconductor company’s stock worth $15,040,000 after buying an additional 397,060 shares during the last quarter. S Squared Technology LLC purchased a new position in shares of MACOM Technology Solutions in the first quarter worth $3,175,000. Finally, SEI Investments Co raised its holdings in shares of MACOM Technology Solutions by 327.5% in the first quarter. SEI Investments Co now owns 220,427 shares of the semiconductor company’s stock worth $3,684,000 after buying an additional 168,870 shares during the last quarter. 76.78% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on MTSI shares. BidaskClub upgraded shares of MACOM Technology Solutions from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 27th. ValuEngine raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, March 19th. Craig Hallum cut shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating and decreased their target price for the company from $23.00 to $19.00 in a research report on Wednesday, February 6th. Needham & Company LLC decreased their target price on shares of MACOM Technology Solutions from $27.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, February 6th. Finally, Zacks Investment Research raised shares of MACOM Technology Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $18.40.

COPYRIGHT VIOLATION WARNING: This story was first reported by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this story can be read at https://www.baseballdailydigest.com/news/2019/05/23/macom-technology-solutions-holdings-inc-mtsi-chairman-buys-795600-00-in-stock.html.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and lightwave spectrum products in the United States, China, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, including integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and subsystems for approximately 60 product lines.

Further Reading: How does a security become overbought?

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

Receive News & Ratings for MACOM Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MACOM Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.