MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Rating) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $43.84 and last traded at $43.93, with a volume of 3334 shares. The stock had previously closed at $46.10.
Several analysts have issued reports on MTSI shares. Cowen cut their price objective on MACOM Technology Solutions from $80.00 to $72.00 in a report on Friday, April 29th. Piper Sandler lowered their target price on MACOM Technology Solutions from $85.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, June 23rd. Benchmark lowered their target price on MACOM Technology Solutions from $75.00 to $65.00 in a research note on Friday, April 29th. Cowen lowered their target price on MACOM Technology Solutions from $80.00 to $72.00 in a research note on Friday, April 29th. Finally, Jefferies Financial Group raised MACOM Technology Solutions from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research note on Friday, April 29th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $75.30.
The firm has a market cap of $3.09 billion, a P/E ratio of 15.70, a PEG ratio of 1.42 and a beta of 2.01. The company has a 50 day moving average of $50.86 and a 200 day moving average of $58.60. The company has a debt-to-equity ratio of 1.09, a quick ratio of 6.50 and a current ratio of 7.49.
MACOM Technology Solutions (NASDAQ:MTSI – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The semiconductor company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.52 by $0.02. The business had revenue of $165.15 million during the quarter, compared to analysts’ expectations of $163.14 million. MACOM Technology Solutions had a return on equity of 27.62% and a net margin of 31.70%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 EPS. As a group, analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.2 EPS for the current fiscal year.
In other news, CFO John Kober sold 4,182 shares of the company’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $52.74, for a total transaction of $220,558.68. Following the completion of the transaction, the chief financial officer now directly owns 77,471 shares in the company, valued at $4,085,820.54. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Ambra R. Roth sold 6,903 shares of the company’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $50.00, for a total value of $345,150.00. Following the transaction, the senior vice president now owns 23,681 shares of the company’s stock, valued at $1,184,050. The disclosure for this sale can be found here. Insiders have sold 17,285 shares of company stock valued at $883,943 in the last ninety days. Company insiders own 28.30% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its holdings in shares of MACOM Technology Solutions by 5.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,684,015 shares of the semiconductor company’s stock worth $100,822,000 after buying an additional 84,293 shares during the last quarter. Frontier Capital Management Co. LLC raised its stake in shares of MACOM Technology Solutions by 3.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,645,736 shares of the semiconductor company’s stock valued at $128,861,000 after purchasing an additional 48,520 shares in the last quarter. State Street Corp raised its stake in shares of MACOM Technology Solutions by 3.4% in the first quarter. State Street Corp now owns 1,563,743 shares of the semiconductor company’s stock valued at $93,621,000 after purchasing an additional 52,005 shares in the last quarter. GW&K Investment Management LLC raised its stake in shares of MACOM Technology Solutions by 11.4% in the first quarter. GW&K Investment Management LLC now owns 1,145,904 shares of the semiconductor company’s stock valued at $68,605,000 after purchasing an additional 117,271 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of MACOM Technology Solutions by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 865,965 shares of the semiconductor company’s stock valued at $67,805,000 after purchasing an additional 29,041 shares in the last quarter. Institutional investors own 97.56% of the company’s stock.
MACOM Technology Solutions Company Profile (NASDAQ:MTSI)
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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