MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Given Average Recommendation of “Moderate Buy” by Brokerages

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has been given an average rating of “Moderate Buy” by the thirteen analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $130.83.

A number of research firms have commented on MTSI. Benchmark reiterated a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Stifel Nicolaus reduced their target price on MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Truist Financial initiated coverage on shares of MACOM Technology Solutions in a research note on Friday, April 11th. They set a “buy” rating and a $125.00 target price for the company.

Insider Activity

In related news, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction on Monday, January 27th. The shares were sold at an average price of $133.00, for a total value of $978,215.00. Following the completion of the sale, the senior vice president now owns 43,657 shares of the company’s stock, valued at approximately $5,806,381. This trade represents a 14.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Susan Ocampo sold 45,773 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $125.35, for a total transaction of $5,737,645.55. Following the transaction, the director now owns 5,509,746 shares in the company, valued at approximately $690,646,661.10. The trade was a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 743,948 shares of company stock worth $92,210,640 in the last three months. Company insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On MACOM Technology Solutions

A number of hedge funds have recently added to or reduced their stakes in MTSI. SBI Securities Co. Ltd. bought a new position in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $35,000. Charles Schwab Investment Management Inc. lifted its stake in MACOM Technology Solutions by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company’s stock valued at $69,157,000 after acquiring an additional 1,719 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in MACOM Technology Solutions by 22.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 98,189 shares of the semiconductor company’s stock worth $12,756,000 after acquiring an additional 18,055 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of MACOM Technology Solutions by 97.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 138 shares in the last quarter. Finally, Covea Finance raised its holdings in shares of MACOM Technology Solutions by 8.0% in the fourth quarter. Covea Finance now owns 27,000 shares of the semiconductor company’s stock valued at $3,508,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock opened at $97.29 on Friday. The firm has a market capitalization of $7.23 billion, a price-to-earnings ratio of -67.56, a PEG ratio of 2.42 and a beta of 1.72. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The business’s 50-day moving average price is $106.97 and its 200-day moving average price is $121.38. MACOM Technology Solutions has a 12 month low of $84.00 and a 12 month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.38). MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. Equities research analysts forecast that MACOM Technology Solutions will post 2.43 EPS for the current 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.