MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $94.67.

MTSI has been the topic of a number of recent research reports. Bank of America upgraded MACOM Technology Solutions from a "neutral" rating to a "buy" rating and raised their target price for the company from $90.00 to $105.00 in a research note on Friday, December 15th. Piper Sandler reiterated a "neutral" rating and issued a $85.00 target price on shares of MACOM Technology Solutions in a research note on Thursday, January 4th. Barclays raised their target price on MACOM Technology Solutions from $80.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, January 16th. Needham & Company LLC raised their price target on MACOM Technology Solutions from $84.00 to $100.00 and gave the company a "buy" rating in a report on Friday, February 2nd. Finally, Stifel Nicolaus raised their price target on MACOM Technology Solutions from $90.00 to $105.00 and gave the company a "buy" rating in a report on Tuesday, January 2nd.

Insider Buying and Selling

In related news, SVP Robert Dennehy sold 2,500 shares of MACOM Technology Solutions stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $82.36, for a total value of $205,900.00. Following the transaction, the senior vice president now owns 37,407 shares of the company's stock, valued at approximately $3,080,840.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other MACOM Technology Solutions news, SVP Robert Dennehy sold 2,500 shares of the firm's stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $82.36, for a total transaction of $205,900.00. Following the completion of the sale, the senior vice president now directly owns 37,407 shares in the company, valued at approximately $3,080,840.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Donghyun Thomas Hwang sold 6,234 shares of the firm's stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.77, for a total value of $547,158.18. Following the sale, the senior vice president now owns 57,722 shares of the company's stock, valued at $5,066,259.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 813,558 shares of company stock valued at $68,880,474. 22.75% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

Institutional investors have recently made changes to their positions in the company. Ensign Peak Advisors Inc acquired a new stake in shares of MACOM Technology Solutions during the 3rd quarter valued at about $29,000. RiverPark Advisors LLC acquired a new stake in MACOM Technology Solutions in the 3rd quarter worth approximately $58,000. Harvest Fund Management Co. Ltd acquired a new stake in MACOM Technology Solutions in the 4th quarter worth approximately $69,000. Point72 Middle East FZE acquired a new stake in MACOM Technology Solutions in the 4th quarter worth approximately $85,000. Finally, Hennessy Advisors Inc. acquired a new stake in MACOM Technology Solutions in the 4th quarter worth approximately $129,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

MACOM Technology Solutions Stock Up 1.4 %

Shares of MTSI stock traded up $1.38 during mid-day trading on Tuesday, reaching $102.78. 443,869 shares of the company were exchanged, compared to its average volume of 509,814. MACOM Technology Solutions has a fifty-two week low of $48.53 and a fifty-two week high of $104.59. The company has a debt-to-equity ratio of 0.48, a quick ratio of 5.69 and a current ratio of 7.24. The company has a market capitalization of $7.41 billion, a P/E ratio of 97.50, a P/E/G ratio of 6.38 and a beta of 1.64. The business's 50 day simple moving average is $90.41 and its 200 day simple moving average is $85.83.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $157.15 million for the quarter, compared to analysts' expectations of $151.12 million. Research analysts predict that MACOM Technology Solutions will post 2.02 earnings per share for the current year.

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.