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

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $120.00.

MTSI has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price target on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Needham & Company LLC boosted their target price on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Benchmark reaffirmed a “buy” rating and set a $120.00 price target on shares of MACOM Technology Solutions in a research report on Thursday, September 12th. Stifel Nicolaus lifted their price objective on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Piper Sandler lifted their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday.

MACOM Technology Solutions Stock Performance

Shares of MTSI opened at $121.70 on Friday. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of 124.18, a PEG ratio of 4.33 and a beta of 1.70. MACOM Technology Solutions has a 12 month low of $68.58 and a 12 month high of $121.86. The firm has a fifty day simple moving average of $107.66 and a 200 day simple moving average of $104.99. The company has a current ratio of 8.18, a quick ratio of 6.33 and a debt-to-equity ratio of 0.45.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 EPS for the quarter, hitting analysts’ consensus estimates of $0.66. The company had revenue of $190.50 million during the quarter, compared to the consensus estimate of $190.42 million. MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 EPS. Research analysts forecast that MACOM Technology Solutions will post 1.89 EPS for the current fiscal year.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Robert Dennehy sold 6,915 shares of MACOM Technology Solutions stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $101.38, for a total value of $701,042.70. Following the completion of the sale, the senior vice president now owns 19,481 shares in the company, valued at $1,974,983.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other MACOM Technology Solutions news, SVP Robert Dennehy sold 6,915 shares of MACOM Technology Solutions stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $101.38, for a total value of $701,042.70. Following the completion of the sale, the senior vice president now owns 19,481 shares in the company, valued at $1,974,983.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan Ocampo sold 305,395 shares of MACOM Technology Solutions stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $106.48, for a total transaction of $32,518,459.60. Following the completion of the sale, the director now owns 6,550,889 shares of the company’s stock, valued at $697,538,660.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 654,861 shares of company stock worth $69,430,533. 22.75% of the stock is owned by insiders.

Hedge Funds Weigh In On MACOM Technology Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new position in shares of MACOM Technology Solutions in the 2nd quarter valued at approximately $39,000. GAMMA Investing LLC raised its position in shares of MACOM Technology Solutions by 153.0% in the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock valued at $52,000 after buying an additional 283 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of MACOM Technology Solutions in the 3rd quarter valued at approximately $66,000. Fidelis Capital Partners LLC acquired a new position in shares of MACOM Technology Solutions in the 1st quarter valued at approximately $77,000. Finally, FSC Wealth Advisors LLC acquired a new position in shares of MACOM Technology Solutions in the 2nd quarter valued at approximately $78,000. 76.14% of the stock is currently 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.