The SVP & GM, Networks of MACOM Technology Solutions Holdings Inc (NASDAQ: MTSI) is Selling Shares

By Carrie Williams

Today, the SVP & GM, Networks of MACOM Technology Solutions Holdings Inc (MTSIResearch Report), Preetinder Virk, sold shares of MTSI for $14.61K.

In addition to Preetinder Virk, 3 other MTSI executives reported Sell trades in the last month.

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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 602.5K.

Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $19.00, reflecting a -1.1% downside.

In the last 30 days, insiders have sold $153.8K worth of MTSI shares and purchased $21K worth of MTSI shares. 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.