MACOM Technology Solutions (NASDAQ:MTSI) Now Covered by Analysts at Evercore ISI

Investment analysts at Evercore ISI started coverage on shares of MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) in a research report issued on Tuesday, Marketbeat reports. The firm set an "outperform" rating and a $120.00 price target on the semiconductor company's stock. Evercore ISI's target price indicates a potential upside of 20.18% from the company's previous close.

A number of other brokerages have also recently weighed in on MTSI. TheStreet cut shares of MACOM Technology Solutions from a "b" rating to a "c+" rating in a research report on Thursday, February 1st. Stifel Nicolaus lifted their price objective on shares of MACOM Technology Solutions from $90.00 to $105.00 and gave the company a "buy" rating in a research note on Tuesday, January 2nd. Barclays lifted their price objective on shares of MACOM Technology Solutions from $80.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, January 16th. Piper Sandler reiterated a "neutral" rating and set a $85.00 price objective on shares of MACOM Technology Solutions in a research note on Thursday, January 4th. Finally, Needham & Company LLC lifted their price objective on shares of MACOM Technology Solutions from $84.00 to $100.00 and gave the company a "buy" rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $98.56.

MACOM Technology Solutions Trading Up 2.4 %

MTSI stock traded up $2.34 during midday trading on Tuesday, reaching $99.85. 725,232 shares of the company's stock traded hands, compared to its average volume of 505,702. The company has a market capitalization of $7.20 billion, a P/E ratio of 96.01, a PEG ratio of 6.23 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 has a fifty-two week low of $48.53 and a fifty-two week high of $104.59. The business has a 50-day moving average price of $92.42 and a two-hundred day moving average price of $86.69.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share for the quarter, meeting analysts' consensus estimates of $0.43. The firm had revenue of $157.15 million for the quarter, compared to analysts' expectations of $151.12 million. MACOM Technology Solutions had a net margin of 11.93% and a return on equity of 14.85%. Equities research analysts forecast that MACOM Technology Solutions will post 2.02 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Donghyun Thomas Hwang sold 6,234 shares of MACOM Technology Solutions stock in a transaction 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 sale, the senior vice president now owns 57,722 shares in the company, valued at $5,066,259.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 6,234 shares of the business's stock in a transaction on Monday, January 29th. The shares were sold at an average price of $87.77, for a total transaction of $547,158.18. Following the completion of the sale, the senior vice president now owns 57,722 shares in the company, valued at $5,066,259.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Wayne Mack Struble sold 1,019 shares of the business's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $86.12, for a total transaction of $87,756.28. Following the sale, the senior vice president now owns 15,649 shares of the company's stock, valued at approximately $1,347,691.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 811,058 shares of company stock worth $68,674,574. Insiders own 22.75% of the company's stock.

Hedge Funds Weigh In On MACOM Technology Solutions

Several hedge funds and other institutional investors have recently modified their holdings of the company. Riverview Trust Co acquired a new position in shares of MACOM Technology Solutions during the first quarter valued at $47,000. Bridge City Capital LLC boosted its holdings in shares of MACOM Technology Solutions by 0.8% during the first quarter. Bridge City Capital LLC now owns 39,416 shares of the semiconductor company's stock valued at $3,770,000 after acquiring an additional 309 shares during the period. Hennessy Advisors Inc. acquired a new position in shares of MACOM Technology Solutions during the fourth quarter valued at $129,000. Virtu Financial LLC acquired a new position in shares of MACOM Technology Solutions during the fourth quarter valued at $333,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of MACOM Technology Solutions by 1,533.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,234,684 shares of the semiconductor company's stock valued at $114,765,000 after acquiring an additional 1,159,076 shares during the period. Institutional investors and hedge funds own 76.14% of the company's stock.

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.