A Director at MACOM Technology Solutions Holdings Inc is Exercising Options

By Carrie Williams

Today it was reported that a Director at MACOM Technology Solutions Holdings Inc (MTSIResearch Report), Charles Bland, exercised options to buy 10,500 MTSI shares at $2.00 a share, for a total transaction value of $21K.

This recent transaction increases Charles Bland’s holding in the company by 46.82% to a total of $606.9K. This is Bland’s first Buy trade following 3 Sell transactions.

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Based on MACOM Technology Solutions Holdings Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $151 million and GAAP net loss of $23.4 million. In comparison, last year the company earned revenue of $131 million and had a GAAP net loss of $22.57 million. Currently, MACOM Technology Solutions Holdings Inc has an average volume of 588K.

Based on 6 analyst ratings, the analyst consensus is Hold with an average price target of $18.83, reflecting a 14.4% upside.

The insider sentiment on MACOM Technology Solutions Holdings Inc has been negative according to 56 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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MACOM Technology Solutions Holdings, Inc. engages in the design, development, manufacture and market of semiconductors and modules. It products include integrated circuits (IC), multi-chip modules (MCM), power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems.