MACOM Technology Solutions: Recent Insider Selling Activity

On November 6th, 2023, MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) witnessed some insider selling as Senior Vice President Donghyun Thomas Hwang disposed of 1,500 shares of the company’s stock. The shares were sold at an average price of $118.38, totaling a significant value of $177,570.00. After this transaction, Hwang's holdings in MACOM decreased slightly, positioning him with 37,102 shares valued at approximately $4,392,134.76. This transaction reflected a 0.00% change in his total ownership.

The details of this transaction were filed with the Securities and Exchange Commission (SEC), confirming regulatory compliance in reporting such events.

Company Overview

As a key player in the semiconductor market, MACOM Technology Solutions specializes in designing and manufacturing analog semiconductor solutions. These products are utilized in both wireless and wireline applications across various spectrums including radio frequency (RF), microwave, millimeter wave, and lightwave technologies. The company's reach extends internationally across regions such as the United States, China, and Japan.

Recent Stock Performance

On the trading day following Hwang's sale, MACOM Technology Solutions saw a decline of 0.9%, with shares trading down by $1.28 to reach a price of $137.86. Notably, the trading volume registered at 1,071,348 shares, which exceeded the average volume of 571,330 shares. The company currently boasts a market capitalization of $9.95 billion and presents a price-to-earnings ratio of 133.84.

Wall Street Insights

In recent reports, analysts have displayed positive sentiment toward MACOM Technology Solutions. Notably, JPMorgan Chase lifted their target price from $105.00 to $110.00 while maintaining a "neutral" rating. Barclays significantly raised their target from $120.00 to $160.00 and assigned an "overweight" rating. Stifel Nicolaus also increased their target price from $115.00 to $135.00 with a "buy" recommendation. Collectively, the stock is seen favorably, with eight analysts giving it a buy rating, indicating confidence in its potential for growth.

Institutional Investor Activity

Recently, several institutional investors have adjusted their positions in MACOM Technology Solutions. For example, the Texas Permanent School Fund increased its stake by 2.5%, acquiring additional shares during the first quarter. Other investors, including Duality Advisers and TimesSquare Capital Management, have also increased their holdings. Currently, institutional investors own approximately 76.14% of the company's shares, indicating strong institutional confidence in MACOM.

Future Considerations

As MACOM continues to develop its semiconductor solutions to meet increasing demand, investor interest is likely to persist. With ongoing developments in technology sectors such as 5G, MACOM is well-positioned for future growth. As always, potential investors should conduct thorough research and consider market dynamics before making investment decisions.

Insider, Trading, Stock