MACOM Technology Solutions Holdings Independent Director Geoffrey Ribar Sells 36% Of Holding

We wouldn't blame MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) shareholders if they were a little worried about the fact that Geoffrey Ribar, the Independent Director recently netted about US$809k selling shares at an average price of US$122. That's a big disposal, and it decreased their holding size by 36%, which is notable but not too bad.

See our latest analysis for MACOM Technology Solutions Holdings

MACOM Technology Solutions Holdings Insider Transactions Over The Last Year

Notably, that recent sale by Geoffrey Ribar is the biggest insider sale of MACOM Technology Solutions Holdings shares that we've seen in the last year. So it's clear an insider wanted to take some cash off the table, even slightly below the current price of US$123. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 36% of Geoffrey Ribar's stake.

In the last year MACOM Technology Solutions Holdings insiders didn't buy any company stock. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

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Does MACOM Technology Solutions Holdings Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It appears that MACOM Technology Solutions Holdings insiders own 0.3% of the company, worth about US$28m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At MACOM Technology Solutions Holdings Tell Us?

Insiders haven't bought MACOM Technology Solutions Holdings stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we found 1 warning sign for MACOM Technology Solutions Holdings that deserve your attention before buying any shares.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.