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

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $130.50.

A number of equities research analysts recently weighed in on MTSI shares. Bank of America reduced their price objective on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $105.00 to $140.00 in a research note on Monday, February 10th. Benchmark reissued a "buy" rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Friday, May 9th. BNP Paribas raised MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective on the stock in a research note on Wednesday, April 9th. Finally, Northland Capmk raised MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th.

MACOM Technology Solutions Price Performance

MACOM Technology Solutions stock opened at $125.04 on Friday. The stock's fifty day moving average price is $110.60 and its two-hundred day moving average price is $120.85. MACOM Technology Solutions has a one year low of $84.00 and a one year high of $152.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. The firm has a market cap of $9.30 billion, a PE ratio of -86.83, a price-to-earnings-growth ratio of 2.42 and a beta of 1.40.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.01. MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. The firm had revenue of $235.89 million for the quarter, compared to analyst estimates of $230.04 million. During the same quarter last year, the company earned $0.59 EPS. The company's revenue was up 30.2% on a year-over-year basis. As a group, research analysts expect that MACOM Technology Solutions will post 2.43 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Stephen G. Daly sold 9,374 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $127.81, for a total value of $1,198,090.94. Following the completion of the transaction, the chief executive officer now directly owns 26,953 shares of the company's stock, valued at approximately $3,444,862.93. This trade represents a 25.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the business's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total value of $647,100.00. Following the sale, the senior vice president now owns 35,603 shares in the company, valued at approximately $3,560,300. The trade was a 15.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 446,847 shares of company stock valued at $55,117,051 in the last 90 days. 16.30% of the stock is currently owned by corporate insiders.

Institutional Trading of MACOM Technology Solutions

Institutional investors and hedge funds have recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in MACOM Technology Solutions during the first quarter valued at $25,000. Elequin Capital LP bought a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at about $26,000. Versant Capital Management Inc boosted its position in shares of MACOM Technology Solutions by 9,400.0% during the 1st quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 282 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of MACOM Technology Solutions during the fourth quarter worth about $33,000. Finally, SVB Wealth LLC bought a new position in shares of MACOM Technology Solutions in the first quarter worth approximately $34,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

About MACOM Technology Solutions

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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