MACOM Technology Solutions (NASDAQ:MTSI) Upgraded by Northland Capmk to “Strong-Buy” Rating

Northland Capmk upgraded shares of MACOM Technology Solutions (NASDAQ:MTSI) from a hold rating to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.

Several other equities analysts also recently weighed in on MTSI. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and raised their target price for the company from $105.00 to $140.00 in a report on Monday. Piper Sandler raised their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Benchmark reaffirmed a “buy” rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research note on Monday. Finally, Barclays raised their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, MACOM Technology Solutions currently has an average rating of “Moderate Buy” and an average target price of $131.50.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI opened at $122.75 on Monday. MACOM Technology Solutions has a 12 month low of $81.14 and a 12 month high of $152.50. The firm has a market capitalization of $9.13 billion, a price-to-earnings ratio of -85.24, a price-to-earnings-growth ratio of 2.27 and a beta of 1.71. The business’s 50 day simple moving average is $135.69 and its 200-day simple moving average is $120.22. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 6.55.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its 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 negative net margin of 13.05% and a positive return on equity of 12.42%. As a group, equities analysts forecast that MACOM Technology Solutions will post 2.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MACOM Technology Solutions news, SVP Ambra R. Roth sold 1,366 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $139.07, for a total transaction of $189,969.62. Following the transaction, the senior vice president now directly owns 6,564 shares of the company’s stock, valued at $912,855.48. The trade was a 17.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Robert Dennehy sold 2,539 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $120.80, for a total transaction of $306,711.20. Following the completion of the sale, the senior vice president now directly owns 31,206 shares of the company’s stock, valued at $3,769,684.80. The trade was a 7.52 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 218,532 shares of company stock valued at $27,902,795. 16.30% of the stock is currently owned by company insiders.

Institutional Trading of MACOM Technology Solutions

A number of institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in shares of MACOM Technology Solutions by 75.4% during the third quarter. GAMMA Investing LLC now owns 821 shares of the semiconductor company’s stock worth $91,000 after purchasing an additional 353 shares in the last quarter. CWM LLC lifted its position in MACOM Technology Solutions by 16.4% during the 3rd quarter. CWM LLC now owns 1,689 shares of the semiconductor company’s stock worth $188,000 after acquiring an additional 238 shares in the last quarter. Creative Planning boosted its holdings in MACOM Technology Solutions by 11.3% in the 3rd quarter. Creative Planning now owns 10,421 shares of the semiconductor company’s stock worth $1,159,000 after acquiring an additional 1,059 shares during the period. nVerses Capital LLC acquired a new stake in MACOM Technology Solutions in the third quarter valued at approximately $367,000. Finally, Raymond James & Associates grew its position in MACOM Technology Solutions by 5.2% in the third quarter. Raymond James & Associates now owns 38,917 shares of the semiconductor company’s stock valued at $4,330,000 after acquiring an additional 1,924 shares in the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

MACOM Technology Solutions Company Profile

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.