MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Given Consensus Rating of “Buy” by Analysts
MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Rating) has earned an average recommendation of "Buy" from the twelve research firms that are currently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $71.55.
A number of equities research analysts have issued reports on MTSI shares. Northland Securities reduced their target price on shares of MACOM Technology Solutions from $75.00 to $70.00 in a report on Friday, July 29th. Piper Sandler increased their price objective on shares of MACOM Technology Solutions from $65.00 to $75.00 and gave the company an "overweight" rating in a research report on Friday, August 19th. Needham & Company LLC increased their price objective on shares of MACOM Technology Solutions from $57.00 to $62.00 and gave the company a "buy" rating in a research report on Friday, July 29th. Barclays dropped their price objective on shares of MACOM Technology Solutions from $75.00 to $65.00 and set an "overweight" rating on the stock in a research report on Monday, July 25th. Finally, Cowen increased their price objective on shares of MACOM Technology Solutions from $55.00 to $68.00 in a research report on Friday, July 29th.
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In other MACOM Technology Solutions news, CFO John Kober sold 2,153 shares of the firm's stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $60.80, for a total transaction of $130,902.40. Following the transaction, the chief financial officer now directly owns 75,318 shares of the company's stock, valued at approximately $4,579,334.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other MACOM Technology Solutions news, CFO John Kober sold 2,153 shares of the firm's stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $60.80, for a total transaction of $130,902.40. Following the transaction, the chief financial officer now directly owns 75,318 shares of the company's stock, valued at approximately $4,579,334.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ambra R. Roth sold 6,903 shares of the firm's stock in a transaction on Monday, June 27th. The stock was sold at an average price of $50.00, for a total transaction of $345,150.00. Following the transaction, the senior vice president now directly owns 23,681 shares in the company, valued at $1,184,050. The disclosure for this sale can be found here. In the last three months, insiders have sold 959,123 shares of company stock valued at $56,896,897. Insiders own 28.30% of the company's stock.
Institutional Trading of MACOM Technology Solutions
Hedge funds have recently made changes to their positions in the company. NorthCrest Asset Manangement LLC acquired a new stake in shares of MACOM Technology Solutions in the 1st quarter worth $341,000. Keybank National Association OH acquired a new stake in shares of MACOM Technology Solutions in the first quarter valued at about $1,857,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of MACOM Technology Solutions in the first quarter valued at about $3,969,000. Moody Aldrich Partners LLC lifted its stake in shares of MACOM Technology Solutions by 11.9% in the first quarter. Moody Aldrich Partners LLC now owns 133,363 shares of the semiconductor company's stock valued at $7,984,000 after purchasing an additional 14,227 shares during the period. Finally, Alberta Investment Management Corp acquired a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at about $643,000. Institutional investors and hedge funds own 72.30% of the company's stock.
MACOM Technology Solutions Price Performance
MACOM Technology Solutions stock opened at $57.11 on Monday. The firm has a market cap of $4.00 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 1.56 and a beta of 2.00. MACOM Technology Solutions has a 52-week low of $42.85 and a 52-week high of $80.30. The company has a quick ratio of 6.46, a current ratio of 7.55 and a debt-to-equity ratio of 1.01. The company's 50 day moving average is $54.91 and its two-hundred day moving average is $54.11.
MACOM Technology Solutions (NASDAQ:MTSI - Get Rating) last released its earnings results on Thursday, July 28th. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.02. The company had revenue of $172.30 million for the quarter, compared to analyst estimates of $170.04 million. MACOM Technology Solutions had a net margin of 33.38% and a return on equity of 27.65%. The firm's quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.44 EPS. On average, research analysts expect that MACOM Technology Solutions will post 2.26 EPS for the current fiscal year.
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, the Asia Pacific, and internationally.
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