Recent Analysts’ Ratings Changes for MACOM Technology Solutions (MTSI)

Several brokerages have updated their recommendations and price targets on shares of MACOM Technology Solutions (NASDAQ: MTSI) in the last few weeks:

• 9/6/2023 – MACOM Technology Solutions was upgraded by analysts at Craig Hallum from a “hold” rating to a “buy” rating.
• 8/28/2023 – MACOM Technology Solutions was upgraded by analysts at Benchmark Co. from a “hold” rating to a “buy” rating. They now have a $92.00 price target on the stock.
• 8/23/2023 – MACOM Technology Solutions had its price target raised by analysts at Craig Hallum from $70.00 to $85.00. They now have a “hold” rating on the stock.
• 8/23/2023 – MACOM Technology Solutions had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $84.00 price target on the stock.
• 8/17/2023 – MACOM Technology Solutions is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 8/7/2023 – MACOM Technology Solutions had its price target raised by analysts at Needham & Company LLC from $65.00 to $84.00. They now have a “buy” rating on the stock.
• 8/4/2023 – MACOM Technology Solutions had its price target raised by analysts at Barclays PLC from $75.00 to $80.00. They now have an “overweight” rating on the stock.
• 8/4/2023 – MACOM Technology Solutions had its price target raised by analysts at TD Cowen from $65.00 to $90.00. They now have an “outperform” rating on the stock.
• 8/4/2023 – MACOM Technology Solutions had its price target raised by analysts at Craig Hallum from $60.00 to $70.00. They now have a “hold” rating on the stock.
• 7/18/2023 – MACOM Technology Solutions was downgraded by analysts at Bank of America Co. from a “buy” rating to a “neutral” rating. They now have a $72.00 price target on the stock.

MACOM Technology Solutions Stock Down 0.5 %

Shares of NASDAQ MTSI opened at $79.03 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 4.05 and a quick ratio of 3.39. MACOM Technology Solutions Holdings, Inc. has a one year low of $48.53 and a one year high of $85.42. The stock has a market capitalization of $5.61 billion, a PE ratio of 18.38, a P/E/G ratio of 6.85 and a beta of 1.81. The business’s fifty day moving average price is $72.79 and its 200-day moving average price is $66.65.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. MACOM Technology Solutions had a return on equity of 19.48% and a net margin of 45.32%. The company had revenue of $148.52 million for the quarter, compared to analyst estimates of $147.05 million. On average, equities research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.14 EPS for the current year.

Insider Activity at MACOM Technology Solutions

In related news, Director Geoffrey G. Ribar sold 3,861 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $81.05, for a total transaction of $312,934.05. Following the sale, the director now directly owns 22,049 shares in the company, valued at approximately $1,787,071.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other MACOM Technology Solutions news, Director Geoffrey G. Ribar sold 3,861 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $81.05, for a total value of $312,934.05. Following the transaction, the director now directly owns 22,049 shares in the company, valued at approximately $1,787,071.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert Dennehy sold 3,250 shares of the company’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $65.80, for a total value of $213,850.00. Following the completion of the transaction, the senior vice president now owns 39,085 shares in the company, valued at $2,571,793. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,361 shares of company stock worth $725,262. 24.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On MACOM Technology Solutions

A number of institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its position in shares of MACOM Technology Solutions by 90.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,739,459 shares of the semiconductor company’s stock valued at $235,511,000 after purchasing an additional 1,777,798 shares during the last quarter. FMR LLC increased its position in shares of MACOM Technology Solutions by 13.1% during the 1st quarter. FMR LLC now owns 4,558,503 shares of the semiconductor company’s stock valued at $322,924,000 after purchasing an additional 527,451 shares during the last quarter. Vanguard Group Inc. increased its position in shares of MACOM Technology Solutions by 8.5% during the 3rd quarter. Vanguard Group Inc. now owns 5,204,555 shares of the semiconductor company’s stock valued at $269,545,000 after purchasing an additional 408,017 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in shares of MACOM Technology Solutions during the 1st quarter valued at about $21,347,000. Finally, Bank of New York Mellon Corp increased its position in shares of MACOM Technology Solutions by 136.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 507,452 shares of the semiconductor company’s stock valued at $26,281,000 after purchasing an additional 292,386 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors.

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, Taiwan, Japan, Singapore, Thailand, South Korea, Australia, Malaysia, and internationally.