MACOM Technology Solutions (NASDAQ:MTSI) Sets New 12-Month High at $104.90

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report)'s share price hit a new 52-week high on Wednesday . The company traded as high as $104.90 and last traded at $101.88, with a volume of 89020 shares changing hands. The stock had previously closed at $99.85.

Analyst Upgrades and Downgrades

MTSI has been the subject of a number of research analyst reports. Needham & Company LLC raised their price objective on MACOM Technology Solutions from $84.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. Evercore ISI initiated coverage on MACOM Technology Solutions in a research report on Tuesday. They issued an "outperform" rating and a $120.00 price target for the company. Stifel Nicolaus lifted their price target on MACOM Technology Solutions from $90.00 to $105.00 and gave the stock a "buy" rating in a research report on Tuesday, January 2nd. Piper Sandler reiterated a "neutral" rating and issued a $85.00 price target on shares of MACOM Technology Solutions in a research report on Thursday, January 4th. Finally, TheStreet lowered MACOM Technology Solutions from a "b" rating to a "c+" rating in a research report on Thursday, February 1st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, MACOM Technology Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $98.56.

MACOM Technology Solutions Stock Down 3.5 %

The company has a 50-day simple moving average of $92.74 and a 200-day simple moving average of $86.75. The firm has a market cap of $6.95 billion, a PE ratio of 92.68, a price-to-earnings-growth ratio of 6.18 and a beta of 1.64. The company has a debt-to-equity ratio of 0.48, a current ratio of 7.24 and a quick ratio of 5.69.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its earnings results on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. The business had revenue of $157.15 million during the quarter, compared to analyst estimates of $151.12 million. Analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.02 earnings per share for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In other news, CFO John Kober sold 12,892 shares of MACOM Technology Solutions stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $79.95, for a total transaction of $1,030,715.40. Following the completion of the sale, the chief financial officer now owns 60,672 shares of the company's stock, valued at $4,850,726.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Donghyun Thomas Hwang sold 6,234 shares of the business's stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $87.77, for a total value of $547,158.18. Following the completion of the transaction, the senior vice president now owns 57,722 shares of the company's stock, valued at $5,066,259.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Kober sold 12,892 shares of the business's stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $79.95, for a total transaction of $1,030,715.40. Following the completion of the transaction, the chief financial officer now directly owns 60,672 shares of the company's stock, valued at approximately $4,850,726.40. The disclosure for this sale can be found here. Insiders sold 811,058 shares of company stock worth $68,674,574 over the last 90 days. Company insiders own 22.75% of the company's stock.

Hedge Funds Weigh In On MACOM Technology Solutions

Institutional investors and hedge funds have recently bought and sold shares of the company. Ensign Peak Advisors Inc purchased a new position in MACOM Technology Solutions in the third quarter worth $29,000. Riverview Trust Co purchased a new position in MACOM Technology Solutions in the first quarter worth $47,000. RiverPark Advisors LLC purchased a new position in MACOM Technology Solutions in the third quarter worth $58,000. Point72 Hong Kong Ltd grew its holdings in MACOM Technology Solutions by 69.9% in the second quarter. Point72 Hong Kong Ltd now owns 1,451 shares of the semiconductor company's stock worth $67,000 after purchasing an additional 597 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in MACOM Technology Solutions by 26.6% in the second quarter. Captrust Financial Advisors now owns 1,466 shares of the semiconductor company's stock worth $68,000 after purchasing an additional 308 shares during the last quarter. 76.14% of the stock is 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.