MACOM Technology Solutions (NASDAQ:MTSI) Hits New 52-Week High at $104.90

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $104.90 and last traded at $101.88, with a volume of 89020 shares changing hands. The stock had previously closed at $99.85.

Wall Street Analyst Weigh In

MTSI has been the subject of a number of research analyst reports. Barclays increased their target price on MACOM Technology Solutions from $80.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Evercore ISI started coverage on MACOM Technology Solutions in a report on Tuesday. They set an “outperform” rating and a $120.00 price objective for the company. TheStreet lowered MACOM Technology Solutions from a “b” rating to a “c+” rating in a report on Thursday, February 1st. Stifel Nicolaus increased their price objective on MACOM Technology Solutions from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Piper Sandler reiterated a “neutral” rating and set a $85.00 price objective on shares of MACOM Technology Solutions in a report on Thursday, January 4th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.67.

MACOM Technology Solutions Trading Down 1.3 %

The company has a fifty day simple moving average of $92.99 and a two-hundred day simple moving average of $86.81. The company has a debt-to-equity ratio of 0.48, a current ratio of 7.24 and a quick ratio of 5.69. The company has a market capitalization of $6.86 billion, a P/E ratio of 91.50, a price-to-earnings-growth ratio of 6.11 and a beta of 1.64.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. The company had revenue of $157.15 million for the quarter, compared to analyst estimates of $151.12 million. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. On average, analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.02 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Donghyun Thomas Hwang sold 6,234 shares of MACOM Technology Solutions stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.77, for a total transaction of $547,158.18. Following the sale, the senior vice president now directly owns 57,722 shares of the company’s stock, valued at $5,066,259.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, SVP Donghyun Thomas Hwang sold 6,234 shares of MACOM Technology Solutions stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.77, for a total transaction of $547,158.18. Following the sale, the senior vice president now directly owns 57,722 shares of the company’s stock, valued at $5,066,259.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO John Kober sold 12,892 shares of MACOM Technology Solutions stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $79.95, for a total value of $1,030,715.40. Following the sale, the chief financial officer now directly owns 60,672 shares in the company, valued at $4,850,726.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 811,058 shares of company stock valued at $68,674,574. 22.75% of the stock is owned by insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

A number of institutional investors have recently added to or reduced their stakes in the stock. State of Michigan Retirement System boosted its holdings in MACOM Technology Solutions by 3.8% during the first quarter. State of Michigan Retirement System now owns 13,500 shares of the semiconductor company’s stock valued at $1,291,000 after purchasing an additional 500 shares in the last quarter. Riverview Trust Co acquired a new stake in MACOM Technology Solutions during the first quarter valued at approximately $47,000. Bridge City Capital LLC boosted its holdings in MACOM Technology Solutions by 0.8% during the first quarter. Bridge City Capital LLC now owns 39,416 shares of the semiconductor company’s stock valued at $3,770,000 after purchasing an additional 309 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in MACOM Technology Solutions during the fourth quarter valued at approximately $129,000. Finally, Virtu Financial LLC bought a new position in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $333,000. 76.14% of the stock is owned by institutional investors and hedge funds.

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.