MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Given Average Rating of "Moderate Buy" by Brokerages

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $130.50.

A number of research analysts have weighed in on MTSI shares. Benchmark reissued a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Stifel Nicolaus dropped their price objective on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Truist Financial started coverage on shares of MACOM Technology Solutions in a report on Friday, April 11th. They set a "buy" rating and a $125.00 price objective on the stock. Finally, BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective on the stock in a report on Wednesday, April 9th.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 4,944 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $118.59, for a total transaction of $586,308.96. Following the sale, the senior vice president now directly owns 30,659 shares of the company's stock, valued at approximately $3,635,850.81. This represents a 13.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan Ocampo sold 300,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.13, for a total transaction of $37,239,000.00. Following the sale, the director now directly owns 4,823,636 shares in the company, valued at $598,757,936.68. This represents a 5.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 695,579 shares of company stock valued at $85,918,753 over the last quarter. 16.30% of the stock is owned by company insiders.

Institutional Trading of MACOM Technology Solutions

Several large investors have recently added to or reduced their stakes in MTSI. Opal Wealth Advisors LLC bought a new stake in MACOM Technology Solutions during the first quarter worth about $25,000. Elequin Capital LP bought a new stake in MACOM Technology Solutions during the fourth quarter worth about $26,000. Versant Capital Management Inc grew its stake in MACOM Technology Solutions by 9,400.0% during the first quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company's stock worth $29,000 after buying an additional 282 shares during the last quarter. UMB Bank n.a. lifted its position in shares of MACOM Technology Solutions by 74.3% during the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock worth $31,000 after purchasing an additional 101 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of MACOM Technology Solutions during the fourth quarter worth approximately $33,000. 76.14% of the stock is owned by institutional investors.

MACOM Technology Solutions Stock Up 0.5%

MTSI stock opened at $123.25 on Wednesday. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions has a 1 year low of $84.00 and a 1 year high of $152.50. The company has a fifty day simple moving average of $104.07 and a 200 day simple moving average of $120.90. The firm has a market cap of $9.16 billion, a PE ratio of -85.59, a PEG ratio of 2.42 and a beta of 1.36.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. The business had revenue of $235.89 million during the quarter, compared to analyst estimates of $230.04 million. MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. MACOM Technology Solutions's quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 EPS. Sell-side analysts anticipate that MACOM Technology Solutions will post 2.43 EPS for the current fiscal 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.

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