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

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $128.00.

Several equities analysts have commented on MTSI shares. Northland Securities raised 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 report on Monday, November 11th. Barclays lifted their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Benchmark upped their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Piper Sandler raised their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, October 25th.

Insider Activity at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 105,782 shares of MACOM Technology Solutions stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $123.67, for a total transaction of $13,082,059.94. Following the sale, the director now directly owns 5,914,008 shares in the company, valued at $731,385,369.36. This trade represents a 1.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ambra R. Roth sold 1,366 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $139.07, for a total transaction of $189,969.62. Following the sale, the senior vice president now directly owns 6,564 shares in the company, valued at $912,855.48. The trade was a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 218,532 shares of company stock valued at $27,902,795 in the last 90 days. 16.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. UMB Bank n.a. grew its position in shares of MACOM Technology Solutions by 74.3% in the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 101 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of MACOM Technology Solutions in the fourth quarter worth approximately $33,000. SBI Securities Co. Ltd. bought a new stake in MACOM Technology Solutions in the fourth quarter valued at approximately $35,000. ORG Wealth Partners LLC acquired a new stake in MACOM Technology Solutions during the 4th quarter valued at approximately $36,000. Finally, Smartleaf Asset Management LLC increased its position in MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 138 shares during the period. 76.14% of the stock is owned by institutional investors.

MACOM Technology Solutions Stock Down 1.8 %

Shares of MTSI stock opened at $127.21 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.55 and a current ratio of 3.61. The stock has a market cap of $9.46 billion, a price-to-earnings ratio of -88.34, a PEG ratio of 2.27 and a beta of 1.71. MACOM Technology Solutions has a 52-week low of $80.40 and a 52-week high of $152.50. The firm’s 50-day moving average is $135.97 and its 200-day moving average is $120.04.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Sell-side analysts predict 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.