Director Charles Bland sells 2,500 shares of MACOM Technology Solutions Holdings …

On August 19, 2024, Director Charles Bland sold 2,500 shares of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) at a price of $105.12 per share. The transaction described in the SEC filing resulted in a total sale amount of $262,800. Following this transaction, the insider now owns 23,939 shares of the company’s stock.

MACOM Technology Solutions Holdings Inc. develops and manufactures analog semiconductor solutions for use in wireless and wired applications across the radio frequency (RF), microwave and millimeter wave spectrum.

Over the past year, Charles Bland has sold a total of 5,000 shares of the company’s stock and made no purchases. The overall trend of insider transactions at MACOM Technology Solutions Holdings Inc. shows a total of 40 insider sales and no insider purchases during the same period.

The stock’s market cap is currently $7.70 billion. With a price-to-earnings ratio of 107.73, MACOM Technology Solutions Holdings Inc. is trading above both the industry average and its historical median price-to-earnings ratio, suggesting a premium valuation compared to its peers.

According to GF Value, the stock’s intrinsic value is estimated at $69.66, so the current price to GF Value ratio is 1.51. This suggests that the stock is significantly overvalued.

The valuation metrics and insider trading trends provide a comprehensive overview of the stock’s current position and insider sentiment.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.

This article first appeared on GuruFocus.