Insider Selling: MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI)’s Chairman John Ocampo Unloaded 149,000 shares

November 23, 2016 - By Linda Rogers

Insider Selling: MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI)'s Chairman John Ocampo Unloaded 149,000 shares

John Ocampo Insider Sell

John Ocampo – Massachusetts-based insider in Macom Technology Solutions Holdings Inc who is the Chairman — unloaded some 149,000 shares of Macom Technology Solutions Holdings Inc, with a market value exactly U.S. Dollars 6,722,084 at an average price-per-share of U.S. Dollars 45.1. The deal was dated 23-11-2016 and was disclosed in a document filed with the DC-based SEC. The document is freely available here. Currently, Mr. John, has in hand 3.29 million shares, which accounts for 10%+ of the Company’s market cap. The insider’s activity definitely generated quite an interest in the stock community.

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) Ratings Coverage

Out of 8 analysts covering M/A-Com Technology Solutions Holdings (NASDAQ:MTSI), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. $52 is the highest target while $37 is the lowest. The $48.17 average target is 0.63% above today’s ($47.87) stock price. M/A-Com Technology Solutions Holdings has been the topic of 18 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Goldman Sachs downgraded the stock to “Neutral” rating in Tuesday, September 20 report. The firm has “Buy” rating given on Wednesday, February 3 by Goldman Sachs. The company was downgraded on Thursday, August 20 by Zacks. The stock of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) has “Buy” rating given on Wednesday, January 27 by Stifel Nicolaus. The stock of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) has “Buy” rating given on Tuesday, August 18 by Needham. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, December 3. The rating was upgraded by Needham to “Buy” on Wednesday, July 29. The stock of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) earned “Buy” rating by Craig Hallum on Monday, January 11. Bank of America downgraded the stock to “Neutral” rating in Monday, June 27 report. The rating was reinitiated by Jefferies on Tuesday, August 18 with “Buy”.

Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.01, from 1.01 in 2016Q1. The ratio is negative, as 31 funds sold all MACOM Technology Solutions Holdings Inc shares owned while 52 reduced positions. 26 funds bought stakes while 58 increased positions. They now own 38.15 million shares or 1.15% less from 38.59 million shares in 2016Q1.

Cupps Mgmt Ltd Liability Corp has invested 0.77% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI). Commerce Savings Bank accumulated 0.01% or 11,150 shares. Waddell & Reed Fin Inc holds 0.04% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) for 577,400 shares. New Jersey Better Educational Savings, a New Jersey-based fund reported 15,000 shares. Emerald Mutual Fund Advisers Trust has 0.71% invested in the company for 381,818 shares. Manufacturers Life Insur The reported 16,891 shares or 0% of all its holdings. Allianz Asset Management Ag last reported 139,626 shares in the company. Timpani Cap Management accumulated 0.32% or 22,585 shares. Moreover, Mckinley Cap Management Limited Liability Company Delaware has 0% invested in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) for 110 shares. Fortaleza Asset owns 2,530 shares or 0.07% of their US portfolio. Cubist Systematic Strategies Ltd Liability Corporation holds 0.04% or 20,786 shares in its portfolio. Mayo Inv Advisers Ltd Liability Corporation last reported 0.42% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI). Teachers Incorporated accumulated 36,786 shares or 0% of the stock. Brant Point Investment Mgmt Limited Liability Corp last reported 0.28% of its portfolio in the stock.

Insider Transactions: Since July 1, 2016, the stock had 0 insider buys, and 23 insider sales for $10.48 million net activity. The insider Dennehy Robert sold $324,188. VAN LUNSEN GIL J had sold 1,000 shares worth $40,000 on Monday, August 22. Virk Preetinder S. had sold 7,717 shares worth $308,680 on Thursday, July 28. Shares for $141,458 were sold by Baker Walter Gregory. Shares for $219,945 were sold by Murphy Michael T. $84,220 worth of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) shares were sold by Croteau John. 6,777 shares were sold by Behfar Alex, worth $267,217.

The stock increased 5.39% or $2.45 during the last trading session, hitting $47.87. About 954,667 shares traded hands or 109.10% up from the average. MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) has risen 13.66% since April 21, 2016 and is uptrending. It has outperformed by 8.33% the S&P500.

MACOM Technology Solutions Holdings, Inc., formerly M/A-COM Technology Solutions Holdings, Inc., is a well-known provider of analog semiconductor solutions for the use in wireless and wireline applications across the radio frequency , microwave and millimeter wave spectrum. The company has a market cap of $2.59 billion. The Firm operates through semiconductors and modules segment. It currently has negative earnings. The Company’s semiconductor products are electronic components, such as point-to-point wireless backhaul radios, antenna arrays, radar, magnetic resonance imaging (MRI) systems and unmanned aerial vehicles (UAVs).

According to Zacks Investment Research, “M/A-COM Technology Solutions Holdings, Inc. provides analog semiconductor solutions for use in wireless and wireline applications across the RF, microwave and millimeterwave spectrum. The Company’s primary markets are Networks which includes CATV, cellular backhaul, cellular infrastructure and fiber optic applications, A&D and Multi-market, which includes automotive, industrial, medical, mobile and scientific applications. It’s product lines include active splitter, amplifier, attenuator, automotive module, capacitor, component, coupler, diode, down converter IC, filter, frequency multiplier, hybrid voltage controlled oscillator, integrated receiver IC, modulator/demodulator, optical modulator driver, phase shifter, power combiner, power detector, power divider, power hybrid pallet, power hybrid transistor, switch, synthesizer, transceiver, transformer, upconverter IC and voltage controlled oscillator. M/A-COM Technology Solutions Holdings, Inc. and is headquartered in Lowell, Massachusetts.”

Analysts await MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) to report earnings on January, 24. They expect $0.41 EPS, up 127.78% or $0.23 from last year’s $0.18 per share. MTSI’s profit will be $22.18 million for 29.19 P/E if the $0.41 EPS becomes a reality. After $0.44 actual EPS reported by MACOM Technology Solutions Holdings Inc for the previous quarter, Wall Street now forecasts -6.82% negative EPS growth.

More important recent MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) news were published by: Wsj.com which released: “Macom Buys Applied Micro to Expand Into the Cloud” on November 21, 2016, also Finance.Yahoo.com published article titled: “The Zacks Analyst Blog Highlights: Diebold, Stratasys and MACOM Technology ..”, Nasdaq.com published: “Commit To Purchase MACOM Technology Solutions Holdings At $30, Earn 7.5 ..” on October 13, 2016. More interesting news about MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) was released by: Nasdaq.com and their article: “MACOM Technology Solutions Holdings (MTSI) Shares Cross Above 200 DMA” with publication date: November 09, 2016.

MTSI Company Profile

MACOM Technology Solutions Holdings, Inc., formerly M/A-COM Technology Solutions Holdings, Inc., incorporated on March 25, 2009, is a well-known provider of analog semiconductor solutions for the use in wireless and wireline applications across the radio frequency (RF), microwave and millimeter wave spectrum. The Firm operates through semiconductors and modules segment. The Company’s semiconductor products are electronic components, which include point-to-point wireless backhaul radios, antenna arrays, radar, magnetic resonance imaging systems (MRI) and unmanned aerial vehicles (UAVs). The Firm offers its products in over three primary markets, such as networks, aerospace and defense (A&D) and multi-market.

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