MACOM Technology Solutions (NASDAQ:MTSI) Upgraded at Northland Securities

Northland Securities upgraded shares of MACOM Technology Solutions (NASDAQ:MTSI) from a market perform rating to an outperform rating in a report published on Monday morning,Benzinga reports. The firm currently has $140.00 price target on the semiconductor company’s stock, up from their previous price target of $105.00.

A number of other analysts have also commented on MTSI. Barclays boosted their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Benchmark boosted their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Piper Sandler boosted their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.50.

MACOM Technology Solutions Stock Down 0.3 %

MACOM Technology Solutions stock opened at $121.87 on Monday. The stock has a market capitalization of $9.06 billion, a PE ratio of -84.63, a price-to-earnings-growth ratio of 2.27 and a beta of 1.71. MACOM Technology Solutions has a twelve month low of $81.14 and a twelve month high of $152.50. The company has a quick ratio of 6.55, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of $134.90 and a 200-day moving average of $120.38.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.38). MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. On average, equities research analysts anticipate that MACOM Technology Solutions will post 2.71 EPS for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 12,438 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.73, for a total transaction of $1,700,647.74. Following the completion of the sale, the director now owns 6,500,755 shares in the company, valued at approximately $888,848,231.15. This trade represents a 0.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Ambra R. Roth sold 1,366 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $139.07, for a total transaction of $189,969.62. Following the sale, the senior vice president now owns 6,564 shares of the company’s stock, valued at approximately $912,855.48. This represents a 17.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 238,954 shares of company stock worth $30,343,543 over the last quarter. 16.30% of the stock is currently owned by insiders.

Institutional Trading of MACOM Technology Solutions

A number of hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System lifted its stake in shares of MACOM Technology Solutions by 0.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company’s stock worth $2,092,000 after buying an additional 100 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of MACOM Technology Solutions by 74.3% during the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after buying an additional 101 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in shares of MACOM Technology Solutions by 4.2% during the 3rd quarter. EP Wealth Advisors LLC now owns 2,712 shares of the semiconductor company’s stock worth $302,000 after buying an additional 110 shares during the last quarter. CIBC Asset Management Inc raised its stake in MACOM Technology Solutions by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company’s stock worth $292,000 after purchasing an additional 112 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in MACOM Technology Solutions by 0.7% in the 4th quarter. Arizona State Retirement System now owns 16,732 shares of the semiconductor company’s stock worth $2,174,000 after purchasing an additional 122 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

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.