MACOM Technology Solutions (NASDAQ:MTSI) Sets New 12-Month Low – Here’s What Happened

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)’s stock price hit a new 52-week low on Friday . The stock traded as low as $84.10 and last traded at $89.66, with a volume of 1299665 shares traded. The stock had previously closed at $92.17.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MTSI. Benchmark reiterated a “buy” rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Finally, Northland Securities upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $105.00 to $140.00 in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.50.

MACOM Technology Solutions Trading Down 2.7 %

The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of -62.26, a price-to-earnings-growth ratio of 2.42 and a beta of 1.72. The firm has a fifty day moving average price of $114.42 and a 200-day moving average price of $122.42.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. As a group, equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Geoffrey G. Ribar sold 6,656 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total value of $809,436.16. Following the completion of the sale, the director now owns 14,031 shares of the company’s stock, valued at approximately $1,706,309.91. This trade represents a 32.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Susan Ocampo sold 45,773 shares of MACOM Technology Solutions stock in a transaction on Monday, February 10th. The shares were sold at an average price of $125.35, for a total transaction of $5,737,645.55. Following the completion of the sale, the director now directly owns 5,509,746 shares of the company’s stock, valued at approximately $690,646,661.10. The trade was a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 743,948 shares of company stock worth $92,210,640 over the last ninety days. 16.30% of the stock is owned by insiders.

Institutional Trading of MACOM Technology Solutions

Institutional investors have recently made changes to their positions in the company. Quarry LP purchased a new position in MACOM Technology Solutions in the third quarter worth $57,000. Quantinno Capital Management LP bought a new position in shares of MACOM Technology Solutions during the 3rd quarter worth $251,000. EP Wealth Advisors LLC raised its stake in MACOM Technology Solutions by 4.2% in the 3rd quarter. EP Wealth Advisors LLC now owns 2,712 shares of the semiconductor company’s stock valued at $302,000 after acquiring an additional 110 shares during the period. M&T Bank Corp purchased a new stake in MACOM Technology Solutions during the third quarter valued at about $221,000. Finally, Geode Capital Management LLC lifted its stake in shares of MACOM Technology Solutions by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company’s stock valued at $113,044,000 after buying an additional 46,812 shares in the last quarter. Institutional investors own 76.14% of the company’s stock.

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.