MACOM Technology Solutions (NASDAQ:MTSI) Rating Increased to Strong-Buy at Northland Capmk

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

A number of other research analysts also recently commented on the stock. Barclays boosted 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 report on Friday, November 8th. Piper Sandler boosted their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Benchmark reissued a “buy” rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research report on Monday. Finally, Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $105.00 to $140.00 in a research report on Monday. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.50.

MACOM Technology Solutions Stock Performance

MACOM Technology Solutions stock opened at $121.87 on Monday. The firm’s 50 day simple moving average is $134.90 and its 200-day simple moving average is $120.38. The company has a market cap of $9.06 billion, a P/E ratio of -84.63, a price-to-earnings-growth ratio of 2.27 and a beta of 1.71. 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 has a fifty-two week low of $81.14 and a fifty-two week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data 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 negative net margin of 13.05% and a positive return on equity of 12.42%. As a group, equities research analysts predict that MACOM Technology Solutions will post 2.71 EPS for the current year.

Insider Transactions at MACOM Technology Solutions

In other news, SVP Ambra R. Roth sold 1,366 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $139.07, for a total value of $189,969.62. Following the completion of the sale, the senior vice president now directly owns 6,564 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan Ocampo sold 105,782 shares of the company’s stock in a transaction 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 transaction, the director now owns 5,914,008 shares of the company’s stock, valued at approximately $731,385,369.36. The trade was a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 238,954 shares of company stock worth $30,343,543. 16.30% of the stock is owned by insiders.

Hedge Funds Weigh In On MACOM Technology Solutions

Several large investors have recently bought and sold shares of MTSI. Citigroup Inc. increased its holdings in MACOM Technology Solutions by 46.2% in the 3rd quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company’s stock valued at $7,672,000 after buying an additional 21,786 shares during the period. Westfield Capital Management Co. LP increased its holdings in MACOM Technology Solutions by 21.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock valued at $134,686,000 after buying an additional 210,151 shares during the period. The Manufacturers Life Insurance Company increased its holdings in MACOM Technology Solutions by 18.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock valued at $82,945,000 after buying an additional 116,090 shares during the period. Algert Global LLC increased its holdings in MACOM Technology Solutions by 103.6% in the 3rd quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company’s stock valued at $1,315,000 after buying an additional 6,015 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in MACOM Technology Solutions in the 3rd quarter valued at $11,005,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

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.