MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) recently made headlines as its Senior Vice President, Robert Dennehy, sold 3,250 shares of the company&https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWVSZk9NNUc3NVJ3QXBic0NhZGZFZUZsZ2lIbmlrVkZCSU5IWXpSVUpTVlhJNVpYaHlObFZoVlRWb1FUMDk-8217;s stock. The transaction took place on Wednesday, June 21st, with the shares being sold at an average price of $61.07. This resulted in a total value of $198,477.50. Following the sale, Dennehy now holds 42,335 shares of MACOM Technology Solutions, valued at $2,585,398.45. The details of this transaction were disclosed in a document filed with the Securities and Exchange Commission (SEC).
This is not the first time Dennehy has sold shares of MACOM Technology Solutions. On Wednesday, April 19th, he also sold 3,250 shares at an average price of $62.40, totaling $202,800.00.
Following the news of Dennehy&https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWVSZk9NNUc3NVJ3QXBic0NhZGZFZUZsZ2lIbmlrVkZCSU5IWXpSVUpTVlhJNVpYaHlObFZoVlRWb1FUMDk-8217;s recent sale, MACOM Technology Solutions stock experienced a 2.1% decrease. Shares of the company, listed on the NASDAQ under the ticker symbol MTSI, traded at $59.28 during mid-day trading on Friday. The stock has a fifty-day moving average price of $59.50 and a 200-day moving average price of $64.25. With a market cap of $4.20 billion, MACOM Technology Solutions has a price-to-earnings ratio of 12.94 and a beta of 1.83. The company has a 52-week low of $42.85 and a 52-week high of $76.56. It has a debt-to-equity ratio of 0.67, a quick ratio of 7.85, and a current ratio of 9.30.
MACOM Technology Solutions last reported its quarterly earnings data on Thursday, May 4th. The company exceeded analysts&https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWVSZk9NNUc3NVJ3QXBic0NhZGZFZUZsZ2lIbmlrVkZCSU5IWXpSVUpTVlhJNVpYaHlObFZoVlRWb1FUMDk-8217; expectations by reporting earnings per share (EPS) of $0.64 for the quarter, compared to the consensus estimate of $0.61. MACOM Technology Solutions generated $169.41 million in revenue during the same period, slightly surpassing analysts&https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWVSZk9NNUc3NVJ3QXBic0NhZGZFZUZsZ2lIbmlrVkZCSU5IWXpSVUpTVlhJNVpYaHlObFZoVlRWb1FUMDk-8217; expectations of $167.91 million. The company&https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWVSZk9NNUc3NVJ3QXBic0NhZGZFZUZsZ2lIbmlrVkZCSU5IWXpSVUpTVlhJNVpYaHlObFZoVlRWb1FUMDk-8217;s return on equity was 22.95%, reflecting a healthy profitability margin.
A number of large investors have recently bought or sold shares of MACOM Technology Solutions. Ensign Peak Advisors Inc acquired a new position in the company during the third quarter, valued at $29,000. BOKF NA purchased a new position in the first quarter, worth $33,000. Bessemer Group Inc. and Arcadia Investment Management Corp MI also purchased new positions in the first and fourth quarters, with both acquisitions totaling $44,000 and $48,000, respectively. Belpointe Asset Management LLC acquired a new position in the fourth quarter, worth $52,000. Overall, hedge funds and other institutional investors own 77.01% of MACOM Technology Solutions&https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWVSZk9NNUc3NVJ3QXBic0NhZGZFZUZsZ2lIbmlrVkZCSU5IWXpSVUpTVlhJNVpYaHlObFZoVlRWb1FUMDk-8217; stock.
MTSI has recently been the subject of various analyst reports. TD Cowen, for example, lowered their price objective on the company&https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWVSZk9NNUc3NVJ3QXBic0NhZGZFZUZsZ2lIbmlrVkZCSU5IWXpSVUpTVlhJNVpYaHlObFZoVlRWb1FUMDk-8217;s stock from $75.00 to $65.00, giving it an &https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWVSZk9NNUc3NVJ3QXBic0NhZGZFZUZsZ2lIbmlrVkZCSU5IWXpSVUpTVlhJNVpYaHlObFZoVlRWb1FUMDk-8220;outperform&https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWVSZk9NNUc3NVJ3QXBic0NhZGZFZUZsZ2lIbmlrVkZCSU5IWXpSVUpTVlhJNVpYaHlObFZoVlRWb1FUMDk-8221; rating. BNP Paribas initiated coverage on MACOM Technology Solutions and assigned it a &https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWVSZk9NNUc3NVJ3QXBic0NhZGZFZUZsZ2lIbmlrVkZCSU5IWXpSVUpTVlhJNVpYaHlObFZoVlRWb1FUMDk-8220;neutral&https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWVSZk9NNUc3NVJ3QXBic0NhZGZFZUZsZ2lIbmlrVkZCSU5IWXpSVUpTVlhJNVpYaHlObFZoVlRWb1FUMDk-8221; rating with a price objective of $65.00. StockNews.com also began covering the company and rated it as a &https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWVSZk9NNUc3NVJ3QXBic0NhZGZFZUZsZ2lIbmlrVkZCSU5IWXpSVUpTVlhJNVpYaHlObFZoVlRWb1FUMDk-8220;hold.&https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWVSZk9NNUc3NVJ3QXBic0NhZGZFZUZsZ2lIbmlrVkZCSU5IWXpSVUpTVlhJNVpYaHlObFZoVlRWb1FUMDk-8221; Conversely, Stifel Nicolaus raised their price target on MACOM Technology Solutions to $82.00 from $75.00, highlighting the company&https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWVSZk9NNUc3NVJ3QXBic0NhZGZFZUZsZ2lIbmlrVkZCSU5IWXpSVUpTVlhJNVpYaHlObFZoVlRWb1FUMDk-8217;s growth potential. In total, five investment analysts have rated the stock as a hold and four have given it a buy rating. With an average rating of &https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWVSZk9NNUc3NVJ3QXBic0NhZGZFZUZsZ2lIbmlrVkZCSU5IWXpSVUpTVlhJNVpYaHlObFZoVlRWb1FUMDk-8220;hold&https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWVSZk9NNUc3NVJ3QXBic0NhZGZFZUZsZ2lIbmlrVkZCSU5IWXpSVUpTVlhJNVpYaHlObFZoVlRWb1FUMDk-8221; and a consensus price target of $69.40, MACOM Technology Solutions offers investors some potential upside.
In terms of the company&https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWVSZk9NNUc3NVJ3QXBic0NhZGZFZUZsZ2lIbmlrVkZCSU5IWXpSVUpTVlhJNVpYaHlObFZoVlRWb1FUMDk-8217;s business model, MACOM Technology Solutions designs and manufactures analog semiconductor solutions for use in wireless and wireline applications. Its products cater to various industries and are utilized across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum. The company operates not only in the United States but also in countries like China, Taiwan, Japan, Singapore, Thailand, South Korea, Australia, and Malaysia.
It&https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWVSZk9NNUc3NVJ3QXBic0NhZGZFZUZsZ2lIbmlrVkZCSU5IWXpSVUpTVlhJNVpYaHlObFZoVlRWb1FUMDk-8217;s important to note that this news alert was generated using narrative science technology and financial data from MarketBeat to provide readers with fast and accurate reporting. MarketBeat&https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWVSZk9NNUc3NVJ3QXBic0NhZGZFZUZsZ2lIbmlrVkZCSU5IWXpSVUpTVlhJNVpYaHlObFZoVlRWb1FUMDk-8217;s editorial team reviewed this story prior to publication. For questions or comments about this story, please contact MarketBeat at [email protected].
While MACOM Technology Solutions currently has a &https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWVSZk9NNUc3NVJ3QXBic0NhZGZFZUZsZ2lIbmlrVkZCSU5IWXpSVUpTVlhJNVpYaHlObFZoVlRWb1FUMDk-8220;Moderate Buy&https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWVSZk9NNUc3NVJ3QXBic0NhZGZFZUZsZ2lIbmlrVkZCSU5IWXpSVUpTVlhJNVpYaHlObFZoVlRWb1FUMDk-8221; rating among analysts, there are other stocks that top-rated analysts believe are better investments. MarketBeat keeps track of Wall Street&https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWVSZk9NNUc3NVJ3QXBic0NhZGZFZUZsZ2lIbmlrVkZCSU5IWXpSVUpTVlhJNVpYaHlObFZoVlRWb1FUMDk-8217;s top-rated and best-performing research analysts and the stocks they recommend to their clients on a daily basis. To learn about the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on, click the link provided.
