Barclays Issues Pessimistic Forecast for MACOM Technology Solutions (NASDAQ:MTSI) Stock Price

MACOM Technology Solutions (NASDAQ:MTSI) had its price objective trimmed by Barclays from $160.00 to $125.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the semiconductor company’s stock.

MTSI has been the subject of a number of other reports. Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $105.00 to $140.00 in a 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 note on Monday, February 10th. Stifel Nicolaus decreased their price target on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Truist Financial initiated coverage on shares of MACOM Technology Solutions in a research report on Friday, April 11th. They issued a “buy” rating and a $125.00 price objective for the company. Finally, Benchmark reiterated a “buy” rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $127.92.

MACOM Technology Solutions Price Performance

NASDAQ:MTSI opened at $95.87 on Tuesday. The firm has a market cap of $7.13 billion, a PE ratio of -66.58, a price-to-earnings-growth ratio of 2.42 and a beta of 1.72. The company’s 50-day moving average price is $105.91 and its two-hundred day moving average price is $121.28. 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 12 month low of $84.00 and a 12 month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last released 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%. On average, equities analysts anticipate that MACOM Technology Solutions will post 2.43 EPS for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In related news, Director Geoffrey G. Ribar sold 6,656 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were 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 in the company, valued at $1,706,309.91. This represents a 32.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $133.00, for a total value of $978,215.00. Following the sale, the senior vice president now directly owns 43,657 shares in the company, valued at $5,806,381. The trade was a 14.42 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 743,948 shares of company stock valued at $92,210,640. 16.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

Hedge funds have recently modified their holdings of the business. Advisor Resource Council acquired a new position in shares of MACOM Technology Solutions in the 1st quarter valued at approximately $633,000. Retirement Systems of Alabama boosted its holdings in shares of MACOM Technology Solutions by 2.0% in the first quarter. Retirement Systems of Alabama now owns 101,785 shares of the semiconductor company’s stock valued at $10,217,000 after buying an additional 1,959 shares during the period. ORG Wealth Partners LLC increased its position in shares of MACOM Technology Solutions by 1,462.4% during the first quarter. ORG Wealth Partners LLC now owns 4,359 shares of the semiconductor company’s stock worth $442,000 after acquiring an additional 4,080 shares in the last quarter. Global X Japan Co. Ltd. raised its holdings in shares of MACOM Technology Solutions by 5.1% during the first quarter. Global X Japan Co. Ltd. now owns 6,171 shares of the semiconductor company’s stock worth $619,000 after acquiring an additional 300 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in MACOM Technology Solutions by 5.5% in the 1st quarter. State of Alaska Department of Revenue now owns 6,969 shares of the semiconductor company’s stock valued at $699,000 after acquiring an additional 365 shares in the last quarter. Institutional investors and hedge funds 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.