MACOM Technology Solutions (NASDAQ:MTSI) Reaches New 52-Week High at $113.73

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) shares reached a new 52-week high on Friday . The company traded as high as $113.73 and last traded at $113.67, with a volume of 147135 shares changing hands. The stock had previously closed at $111.92.

Wall Street Analyst Weigh In

MTSI has been the topic of a number of research analyst reports. Evercore ISI initiated coverage on shares of MACOM Technology Solutions in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $120.00 price target on the stock. Stifel Nicolaus raised their price target on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Benchmark raised their price target on shares of MACOM Technology Solutions from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Barclays raised their price target on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $135.00 target price (up from $100.00) on shares of MACOM Technology Solutions in a research report on Monday, May 13th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.00.

MACOM Technology Solutions Stock Up 2.3 %

The company has a current ratio of 7.34, a quick ratio of 5.70 and a debt-to-equity ratio of 0.47. The stock’s 50-day moving average is $103.99 and its 200-day moving average is $95.62. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 127.18, a P/E/G ratio of 5.72 and a beta of 1.70.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.05). MACOM Technology Solutions had a return on equity of 12.67% and a net margin of 10.01%. The business had revenue of $181.23 million for the quarter, compared to analyst estimates of $180.97 million. On average, analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 1.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 7,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $102.65, for a total transaction of $718,550.00. Following the transaction, the senior vice president now owns 41,325 shares in the company, valued at $4,242,011.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP Donghyun Thomas Hwang sold 7,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $102.65, for a total value of $718,550.00. Following the completion of the sale, the senior vice president now owns 41,325 shares in the company, valued at $4,242,011.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO John Kober sold 13,666 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $102.98, for a total transaction of $1,407,324.68. Following the completion of the sale, the chief financial officer now owns 47,006 shares of the company’s stock, valued at approximately $4,840,677.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 533,427 shares of company stock worth $54,860,618. Insiders own 22.75% of the company’s stock.

Hedge Funds Weigh In On MACOM Technology Solutions

Several institutional investors have recently added to or reduced their stakes in MTSI. Price T Rowe Associates Inc. MD grew its position in MACOM Technology Solutions by 1,533.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,234,684 shares of the semiconductor company’s stock valued at $114,765,000 after buying an additional 1,159,076 shares during the period. Norges Bank bought a new position in MACOM Technology Solutions during the fourth quarter worth about $44,250,000. Vanguard Group Inc. boosted its position in MACOM Technology Solutions by 8.1% during the first quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock worth $592,395,000 after purchasing an additional 465,759 shares during the period. Westfield Capital Management Co. LP bought a new position in MACOM Technology Solutions during the fourth quarter worth about $42,762,000. Finally, Hood River Capital Management LLC bought a new position in MACOM Technology Solutions during the first quarter worth about $17,715,000. Institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Company Profile

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.