MACOM Technology Solutions (NASDAQ:MTSI) Coverage Initiated at Truist Financial

Truist Financial initiated coverage on shares of MACOM Technology Solutions (NASDAQ:MTSI) in a research report issued on Friday,Benzinga reports. The firm set a “buy” rating and a $125.00 price target on the semiconductor company’s stock. Truist Financial’s price target points to a potential upside of 25.92% from the company’s current price.

MTSI has been the subject of several other reports. Northland Capmk raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Benchmark reiterated a “buy” rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Finally, BNP Paribas upgraded shares of MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price target for the company in a research note on Wednesday. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued 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 a consensus price target of $131.25.

MACOM Technology Solutions Stock Down 6.9 %

MTSI stock opened at $99.27 on Friday. The firm has a market capitalization of $7.38 billion, a PE ratio of -68.94, a P/E/G ratio of 2.42 and a beta of 1.72. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions has a twelve month low of $84.00 and a twelve month high of $152.50. The stock’s 50 day moving average is $110.60 and its 200-day moving average is $121.95.

MACOM Technology Solutions (NASDAQ:MTSI) last released 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 positive return on equity of 12.42% and a negative net margin of 13.05%. Sell-side analysts expect that MACOM Technology Solutions will post 2.43 EPS for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In other news, SVP Donghyun Thomas Hwang sold 7,355 shares of the firm’s 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 completion of the transaction, the senior vice president now directly owns 43,657 shares in the company, valued at approximately $5,806,381. This trade represents a 14.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Ocampo sold 97,527 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the sale, the director now directly owns 4,689,225 shares in the company, valued at $581,839,038. This trade represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 743,948 shares of company stock valued at $92,210,640 in the last 90 days. 16.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

Large investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at about $35,000. Geode Capital Management LLC raised its stake in MACOM Technology Solutions by 4.8% in the third quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company’s stock valued at $113,044,000 after purchasing an additional 46,812 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in MACOM Technology Solutions by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company’s stock valued at $69,157,000 after purchasing an additional 1,719 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in MACOM Technology Solutions by 22.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 98,189 shares of the semiconductor company’s stock worth $12,756,000 after buying an additional 18,055 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in MACOM Technology Solutions by 97.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after buying an additional 138 shares in the last quarter. Institutional investors own 76.14% of the company’s stock.

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.