MACOM Technology Solutions - MTSI Stock Forecast, Price & News

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, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, including integrated circuits, multi-chip modules, diodes, amplifiers, switches and switch limiters, passive and active components, and subsystems. Its semiconductor products are electronic components that are incorporated in electronic systems, such as wireless basestations, high-capacity optical networks, radar, and medical systems and test and measurement. The company serves various markets comprising telecommunication that includes carrier infrastructure, which comprise long-haul/metro, 5G, and fiber-to-the-X/passive optical network; industrial and defense, including military and commercial radar, RF jammers, electronic countermeasures, and communication data links, as well as multi-market applications, such as industrial, medical, test and measurement, and scientific applications; and data centers. It sells its products through direct sales force, applications engineering staff, independent sales representatives, resellers, and distributors. The company was founded in 1950 and is headquartered in Lowell, Massachusetts.

Analysts Set New Price Targets

Several research analysts have weighed in on MTSI shares. Cowen upped their target price on MACOM Technology Solutions from $55.00 to $68.00 in a research report on Friday, July 29th. Northland Securities decreased their price target on MACOM Technology Solutions from $75.00 to $70.00 in a research note on Friday, July 29th. Benchmark decreased their price target on MACOM Technology Solutions from $75.00 to $65.00 in a research note on Friday, April 29th. Jefferies Financial Group upgraded MACOM Technology Solutions from a "hold" rating to a "buy" rating and set a $64.00 price target for the company in a research note on Friday, April 29th. Finally, Needham & Company LLC upped their price target on MACOM Technology Solutions from $57.00 to $62.00 and gave the stock a "buy" rating in a research note on Friday, July 29th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $70.64.

MACOM Technology Solutions Price Performance

Shares of MTSI Stock opened at $64.73 on Tuesday. The stock has a 50 day moving average of $51.46 and a two-hundred day moving average of $54.41. The company has a current ratio of 7.55, a quick ratio of 6.46 and a debt-to-equity ratio of 1.01. MACOM Technology Solutions has a 12 month low of $42.85 and a 12 month high of $80.30. The company has a market capitalization of $4.53 billion, a P/E ratio of 21.15, a P/E/G ratio of 1.68 and a beta of 2.03.

MACOM Technology Solutions (NASDAQ:MTSI - Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The semiconductor company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.02. MACOM Technology Solutions had a return on equity of 27.65% and a net margin of 33.38%. The company had revenue of $172.30 million during the quarter, compared to the consensus estimate of $170.04 million. During the same quarter last year, the company earned $0.44 EPS. The company's quarterly revenue was up 12.9% on a year-over-year basis. As a group, equities analysts expect that MACOM Technology Solutions will post 2.26 EPS for the current year.

Insiders Place Their Bets

In other MACOM Technology Solutions news, CFO John Kober sold 2,153 shares of the firm's stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $60.80, for a total value of $130,902.40. Following the completion of the sale, the chief financial officer now owns 75,318 shares in the company, valued at approximately $4,579,334.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Peter Y. Chung sold 850,311 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $59.00, for a total value of $50,168,349.00. Following the completion of the transaction, the director now directly owns 43,268 shares of the company's stock, valued at approximately $2,552,812. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO John Kober sold 2,153 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $60.80, for a total value of $130,902.40. Following the completion of the transaction, the chief financial officer now directly owns 75,318 shares of the company's stock, valued at $4,579,334.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 870,767 shares of company stock worth $51,282,213. 28.30% of the stock is currently owned by company insiders.