MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Given Average Rating of “Moderate Buy” by Analysts

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has received an average rating of “Moderate Buy” from the ten research firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $128.00.

A number of research firms recently issued reports on MTSI. Northland Securities boosted their target price on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research report on Monday, November 11th. Barclays upped their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Piper Sandler lifted their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, Benchmark upped their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, November 8th.

Insider Activity

In related news, Director Susan Ocampo sold 105,782 shares of MACOM Technology Solutions stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $123.67, for a total value of $13,082,059.94. Following the sale, the director now directly owns 5,914,008 shares in the company, valued at approximately $731,385,369.36. The trade was a 1.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $133.00, for a total value of $978,215.00. Following the transaction, the senior vice president now directly owns 43,657 shares of the company’s stock, valued at $5,806,381. The trade was a 14.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 218,532 shares of company stock worth $27,902,795 over the last three months. 16.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

A number of large investors have recently modified their holdings of MTSI. AQR Capital Management LLC boosted its position in MACOM Technology Solutions by 4.2% during the second quarter. AQR Capital Management LLC now owns 15,715 shares of the semiconductor company’s stock worth $1,752,000 after acquiring an additional 629 shares during the last quarter. Algert Global LLC purchased a new position in MACOM Technology Solutions in the 2nd quarter worth approximately $647,000. Creative Planning boosted its holdings in shares of MACOM Technology Solutions by 50.0% during the 2nd quarter. Creative Planning now owns 9,362 shares of the semiconductor company’s stock worth $1,044,000 after purchasing an additional 3,119 shares during the last quarter. SG Americas Securities LLC grew its position in shares of MACOM Technology Solutions by 131.3% in the third quarter. SG Americas Securities LLC now owns 17,657 shares of the semiconductor company’s stock valued at $1,965,000 after purchasing an additional 10,022 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of MACOM Technology Solutions by 75.4% in the third quarter. GAMMA Investing LLC now owns 821 shares of the semiconductor company’s stock valued at $91,000 after purchasing an additional 353 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Stock Down 1.8 %

MACOM Technology Solutions stock opened at $127.21 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.55 and a current ratio of 8.35. MACOM Technology Solutions has a fifty-two week low of $80.40 and a fifty-two week high of $152.50. The company has a market cap of $9.46 billion, a PE ratio of 123.51, a PEG ratio of 2.32 and a beta of 1.71. The business’s 50-day simple moving average is $135.97 and its two-hundred day simple moving average is $119.82.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.38). MACOM Technology Solutions had a return on equity of 12.91% and a net margin of 10.53%. Equities analysts anticipate that MACOM Technology Solutions will post 2.71 EPS 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.