MACOM Technology Solutions (NASDAQ:MTSI) Trading 1.8% Higher

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) traded up 1.8% during mid-day trading on Tuesday . The stock traded as high as $99.68 and last traded at $99.29. 43,444 shares were traded during trading, a decline of 91% from the average session volume of 496,001 shares. The stock had previously closed at $97.51.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MTSI shares. Needham & Company LLC lifted their price target 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. Evercore ISI initiated coverage on MACOM Technology Solutions in a report on Tuesday. They issued an "outperform" rating and a $120.00 price target on the stock. TheStreet downgraded MACOM Technology Solutions from a "b" rating to a "c+" rating in a report on Thursday, February 1st. Barclays increased their target price on MACOM Technology Solutions from $80.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, January 16th. Finally, Stifel Nicolaus boosted their price target 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. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, MACOM Technology Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $98.56.

MACOM Technology Solutions Stock Up 2.4 %

The stock's fifty day simple moving average is $92.03 and its 200-day simple moving average is $86.56. The stock has a market capitalization of $7.20 billion, a PE ratio of 93.76, a P/E/G ratio of 6.23 and a beta of 1.64. The company has a current ratio of 7.24, a quick ratio of 5.69 and a debt-to-equity ratio of 0.48.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The business 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%. As a group, sell-side analysts forecast that MACOM Technology Solutions Holdings, Inc. 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 the stock in a transaction dated 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 transaction, the senior vice president now owns 57,722 shares in the company, valued at $5,066,259.94. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, SVP Robert Dennehy sold 2,370 shares of MACOM Technology Solutions stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $88.88, for a total value of $210,645.60. Following the completion of the sale, the senior vice president now owns 32,827 shares of the company's stock, valued at approximately $2,917,663.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Donghyun Thomas Hwang sold 6,234 shares of the company's stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $87.77, for a total transaction of $547,158.18. Following the sale, the senior vice president now directly owns 57,722 shares in the company, valued at $5,066,259.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 811,058 shares of company stock worth $68,674,574. 22.75% of the stock is owned by company insiders.

Hedge Funds Weigh In On MACOM Technology Solutions

Hedge funds have recently made changes to their positions in the stock. Ensign Peak Advisors Inc purchased a new position in shares of MACOM Technology Solutions during the 3rd quarter valued at $29,000. Riverview Trust Co bought a new stake in MACOM Technology Solutions during the first quarter valued at $47,000. RiverPark Advisors LLC purchased a new position in MACOM Technology Solutions during the third quarter worth about $58,000. Point72 Hong Kong Ltd increased its stake in MACOM Technology Solutions by 69.9% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,451 shares of the semiconductor company's stock worth $67,000 after acquiring an additional 597 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of MACOM Technology Solutions by 26.6% in the 2nd quarter. Captrust Financial Advisors now owns 1,466 shares of the semiconductor company's stock valued at $68,000 after acquiring an additional 308 shares in the last quarter. 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.