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

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has been given a consensus rating of “Moderate Buy” by the ten brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $117.00.

Several research firms recently weighed in on MTSI. JPMorgan Chase & Co. raised their price objective on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Needham & Company LLC lifted their price target on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Benchmark increased their price objective on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Barclays boosted their target price on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Stifel Nicolaus increased their price target on MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, July 18th.

Insider Buying and Selling

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 5,000 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $106.25, for a total transaction of $531,250.00. Following the completion of the sale, the senior vice president now owns 41,523 shares of the company’s stock, valued at approximately $4,411,818.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 21,012 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $109.40, for a total transaction of $2,298,712.80. Following the sale, the chief executive officer now owns 64,472 shares of the company’s stock, valued at $7,053,236.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 5,000 shares of the stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $106.25, for a total value of $531,250.00. Following the sale, the senior vice president now owns 41,523 shares of the company’s stock, valued at $4,411,818.75. The disclosure for this sale can be found here. Insiders have sold a total of 652,946 shares of company stock valued at $69,260,741 over the last ninety days. 22.75% of the stock is owned by company insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

A number of hedge funds have recently added to or reduced their stakes in MTSI. Millennium Management LLC boosted its holdings in shares of MACOM Technology Solutions by 958.1% during the 2nd quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock worth $149,214,000 after buying an additional 1,212,094 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of MACOM Technology Solutions by 1,533.0% during the 4th 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 acquiring an additional 1,159,076 shares during the period. Hood River Capital Management LLC boosted its stake in MACOM Technology Solutions by 280.5% during the second quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock worth $78,568,000 after acquiring an additional 519,603 shares in the last quarter. Norges Bank acquired a new stake in MACOM Technology Solutions in the fourth quarter worth $44,250,000. Finally, Vanguard Group Inc. increased its stake in MACOM Technology Solutions by 8.1% in the first quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock valued at $592,395,000 after purchasing an additional 465,759 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors.

MACOM Technology Solutions Stock Performance

Shares of MACOM Technology Solutions stock opened at $96.55 on Friday. The company has a current ratio of 8.18, a quick ratio of 6.33 and a debt-to-equity ratio of 0.45. The company has a market cap of $6.97 billion, a PE ratio of 109.72, a price-to-earnings-growth ratio of 4.88 and a beta of 1.70. The company has a 50 day moving average of $104.76 and a 200-day moving average of $101.50. MACOM Technology Solutions has a 1-year low of $68.58 and a 1-year high of $118.76.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, hitting the consensus estimate of $0.66. MACOM Technology Solutions had a return on equity of 12.59% and a net margin of 10.59%. The firm had revenue of $190.50 million during the quarter, compared to analysts’ expectations of $190.42 million. During the same period in the prior year, the company earned $0.42 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, equities research analysts forecast that MACOM Technology Solutions will post 1.89 earnings per share for the current fiscal year.

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.