MACOM Technology Solutions (NASDAQ:MTSI) Earns Outperform Rating from Analysts at Evercore ISI

Evercore ISI assumed coverage on shares of MACOM Technology Solutions (NASDAQ:MTSI) in a report released on Tuesday, MarketBeat.com reports. The firm issued an outperform rating and a $120.00 target price on the semiconductor company’s stock.

A number of other analysts have also recently issued reports on the stock. Barclays lifted their target price on shares of MACOM Technology Solutions from $80.00 to $105.00 and gave the company an overweight rating in a research note on Tuesday, January 16th. TheStreet cut shares of MACOM Technology Solutions from a b rating to a c+ rating in a research note on Thursday, February 1st. Needham & Company LLC boosted their price objective on shares of MACOM Technology Solutions from $84.00 to $100.00 and gave the stock a buy rating in a research note on Friday, February 2nd. Stifel Nicolaus boosted their price objective on shares of MACOM Technology Solutions from $90.00 to $105.00 and gave the stock a buy rating in a research note on Tuesday, January 2nd. Finally, Piper Sandler restated a neutral rating and issued a $85.00 price objective on shares of MACOM Technology Solutions in a research note on Thursday, January 4th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, MACOM Technology Solutions currently has an average rating of Moderate Buy and a consensus price target of $98.56.

MACOM Technology Solutions Price Performance

NASDAQ MTSI opened at $99.85 on Tuesday. The company has a quick ratio of 5.69, a current ratio of 7.24 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $7.20 billion, a PE ratio of 96.01, a price-to-earnings-growth ratio of 6.23 and a beta of 1.64. The company has a 50 day moving average price of $92.42 and a two-hundred day moving average price of $86.69. MACOM Technology Solutions has a 12-month low of $48.53 and a 12-month high of $104.59.

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

Insider Activity at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 9,397 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $92.24, for a total transaction of $866,779.28. Following the completion of the transaction, the senior vice president now directly owns 48,325 shares in the company, valued at approximately $4,457,498. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO John Kober sold 12,892 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $79.95, for a total transaction of $1,030,715.40. Following the completion of the transaction, the chief financial officer now directly owns 60,672 shares in the company, valued at approximately $4,850,726.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Donghyun Thomas Hwang sold 9,397 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $92.24, for a total transaction of $866,779.28. Following the transaction, the senior vice president now owns 48,325 shares of the company’s stock, valued at $4,457,498. The disclosure for this sale can be found here. Insiders sold a total of 811,058 shares of company stock worth $68,674,574 in the last ninety days. 22.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in MACOM Technology Solutions by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,717,763 shares of the semiconductor company’s stock valued at $466,455,000 after buying an additional 101,938 shares during the period. Burney Co. bought a new stake in MACOM Technology Solutions in the 3rd quarter valued at $1,318,000. Penserra Capital Management LLC increased its holdings in MACOM Technology Solutions by 84.3% in the 3rd quarter. Penserra Capital Management LLC now owns 95,114 shares of the semiconductor company’s stock valued at $7,759,000 after buying an additional 43,494 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in MACOM Technology Solutions by 12.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 440,481 shares of the semiconductor company’s stock valued at $35,934,000 after buying an additional 47,932 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in MACOM Technology Solutions in the 4th quarter valued at $2,582,000. 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.