MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $94.67.

A number of research analysts have weighed in on the stock. Needham & Company LLC lifted their price objective on shares of MACOM Technology Solutions from $84.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Piper Sandler reaffirmed a “neutral” rating and issued a $85.00 price objective on shares of MACOM Technology Solutions in a report on Thursday, January 4th. Barclays lifted their price objective on shares of MACOM Technology Solutions from $80.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. TheStreet cut shares of MACOM Technology Solutions from a “b” rating to a “c+” rating in a report on Thursday, February 1st. Finally, Stifel Nicolaus lifted their target price on shares of MACOM Technology Solutions from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd.

MACOM Technology Solutions Trading Down 0.9 %

Shares of MACOM Technology Solutions stock opened at $97.51 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 7.24 and a quick ratio of 5.69. The firm has a fifty day moving average price of $92.03 and a 200 day moving average price of $86.56. MACOM Technology Solutions has a 1 year low of $48.53 and a 1 year high of $104.59. The stock has a market cap of $7.03 billion, a PE ratio of 93.76, a price-to-earnings-growth ratio of 6.23 and a beta of 1.64.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. MACOM Technology Solutions had a net margin of 11.93% and a return on equity of 14.85%. The firm had revenue of $157.15 million during the quarter, compared to analysts’ expectations of $151.12 million. Equities research analysts predict that MACOM Technology Solutions will post 2.02 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Robert Dennehy sold 2,370 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $88.88, for a total transaction of $210,645.60. Following the transaction, the senior vice president now directly owns 32,827 shares in the company, valued at $2,917,663.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Robert Dennehy sold 2,370 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $88.88, for a total transaction of $210,645.60. Following the transaction, the senior vice president now directly owns 32,827 shares in the company, valued at $2,917,663.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 6,234 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.77, for a total transaction of $547,158.18. Following the transaction, the senior vice president now owns 57,722 shares in the company, valued at $5,066,259.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 811,058 shares of company stock worth $68,674,574. 22.75% of the stock is owned by insiders.

Hedge Funds Weigh In On MACOM Technology Solutions

Institutional investors and hedge funds have recently bought and sold shares of the company. Riverview Trust Co acquired a new position in MACOM Technology Solutions in the 1st quarter valued at about $47,000. Ensign Peak Advisors Inc acquired a new position in MACOM Technology Solutions in the 3rd quarter valued at about $29,000. RiverPark Advisors LLC acquired a new position in MACOM Technology Solutions in the 3rd quarter valued at about $58,000. Harvest Fund Management Co. Ltd acquired a new position in MACOM Technology Solutions in the 4th quarter valued at about $69,000. Finally, Point72 Middle East FZE acquired a new position in MACOM Technology Solutions in the 4th quarter valued at about $85,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.