MACOM Technology Solutions (NASDAQ:MTSI) Shares Gap Up – Should You Buy?

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $263.14, but opened at $272.58. MACOM Technology Solutions shares last traded at $274.44, with a volume of 339,855 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MTSI shares. Needham & Company LLC raised their price objective on shares of MACOM Technology Solutions from $400.00 to $410.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Stifel Nicolaus boosted their price objective on shares of MACOM Technology Solutions from $385.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Wall Street Zen raised MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Benchmark initiated coverage on MACOM Technology Solutions in a report on Thursday, August 13th. They set a “buy” rating and a $375.00 price target for the company. Finally, Zacks Research raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 24th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $341.25.

MACOM Technology Solutions Price Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.78 and a current ratio of 2.34. The firm has a fifty day simple moving average of $274.98 and a two-hundred day simple moving average of $295.64. The firm has a market cap of $21.02 billion, a PE ratio of 88.49, a PEG ratio of 1.39 and a beta of 1.71.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results on Thursday, August 6th. The semiconductor company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. MACOM Technology Solutions had a return on equity of 17.82% and a net margin of 20.70%.The firm had revenue of $342.24 million during the quarter, compared to the consensus estimate of $336.08 million. During the same period in the prior year, the company earned $0.90 EPS. The company’s quarterly revenue was up 35.8% compared to the same quarter last year. MACOM Technology Solutions has set its Q4 2026 guidance at 1.970-2.030 EPS. Equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Insider Transactions at MACOM Technology Solutions

In other news, SVP Donghyun Hwang sold 2,620 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $383.87, for a total value of $1,005,739.40. Following the sale, the senior vice president directly owned 29,756 shares in the company, valued at $11,422,435.72. The trade was a 8.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Robert Dennehy sold 252 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $275.20, for a total transaction of $69,350.40. Following the completion of the transaction, the chief operating officer directly owned 12,758 shares of the company’s stock, valued at approximately $3,511,001.60. The trade was a 1.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 10,261 shares of company stock worth $3,484,495 in the last three months. Insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new position in MACOM Technology Solutions during the fourth quarter valued at $30,000. GHP Investment Advisors Inc. acquired a new stake in MACOM Technology Solutions during the 1st quarter worth about $31,000. Clearstead Advisors LLC raised its stake in shares of MACOM Technology Solutions by 156.5% during the 4th quarter. Clearstead Advisors LLC now owns 236 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 144 shares during the last quarter. Bell Investment Advisors Inc purchased a new position in shares of MACOM Technology Solutions during the 2nd quarter valued at about $49,000. Finally, Summit Securities Group LLC acquired a new position in shares of MACOM Technology Solutions in the 1st quarter valued at about $55,000. Institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc (NASDAQ:MTSI) develops and manufactures high-performance semiconductor products for communications, aerospace and defense, industrial, and test and measurement applications. The company’s technologies are designed to support the transmission, processing, and control of high-frequency signals across a range of electronic systems.

Its product portfolio includes radio-frequency, microwave, and millimeter-wave components; analog and mixed-signal devices; compound semiconductor products; and optical components used in communications infrastructure and data-center networks.