Brokerages Set MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) PT at $131.50

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) have received a consensus rating of “Moderate Buy” from the eleven analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $131.50.

MTSI has been the topic of several analyst reports. Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Finally, Benchmark reiterated a “buy” rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research note on Monday, February 10th.

MACOM Technology Solutions Stock Down 3.5 %

Shares of MTSI opened at $101.90 on Tuesday. MACOM Technology Solutions has a 12 month low of $90.01 and a 12 month high of $152.50. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of -70.76, a P/E/G ratio of 2.42 and a beta of 1.74. The company has a 50-day moving average price of $120.25 and a two-hundred day moving average price of $122.37. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33.

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 analysts predict that MACOM Technology Solutions will post 2.43 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction dated Monday, January 27th. The stock was 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 directly owns 43,657 shares in the company, valued at $5,806,381. This trade represents a 14.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John Kober sold 2,250 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total transaction of $292,702.50. Following the transaction, the chief financial officer now owns 49,239 shares in the company, valued at approximately $6,405,501.51. The trade was a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 746,198 shares of company stock worth $92,503,343 in the last quarter. Insiders own 16.30% of the company’s stock.

Institutional Trading of MACOM Technology Solutions

A number of institutional investors have recently bought and sold shares of MTSI. Elequin Capital LP acquired a new position in shares of MACOM Technology Solutions during the 4th quarter worth about $26,000. UMB Bank n.a. raised its position in shares of MACOM Technology Solutions by 74.3% in the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 101 shares during the period. Empowered Funds LLC bought a new position in MACOM Technology Solutions during the 4th quarter worth approximately $33,000. SBI Securities Co. Ltd. acquired a new position in MACOM Technology Solutions during the fourth quarter valued at approximately $35,000. Finally, ORG Wealth Partners LLC bought a new stake in MACOM Technology Solutions in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds 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.