Evercore ISI Begins Coverage on MACOM Technology Solutions (NASDAQ:MTSI)

Equities research analysts at Evercore ISI assumed coverage on shares of MACOM Technology Solutions (NASDAQ:MTSI) in a note issued to investors on Tuesday, Marketbeat reports. The firm set an “outperform” rating and a $120.00 price target on the semiconductor company’s stock. Evercore ISI’s price objective would indicate a potential upside of 24.49% from the company’s previous close.

Other analysts have also recently issued reports about the company. Barclays raised their target price on MACOM Technology Solutions from $80.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. TheStreet cut MACOM Technology Solutions from a “b” rating to a “c+” rating in a research report on Thursday, February 1st. Needham & Company LLC raised their target price on MACOM Technology Solutions from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Piper Sandler restated a “neutral” rating and issued a $85.00 target price on shares of MACOM Technology Solutions in a research report on Thursday, January 4th. Finally, Stifel Nicolaus lifted their price target on MACOM Technology Solutions from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $98.56.

MACOM Technology Solutions Stock Down 3.5 %

Shares of MACOM Technology Solutions stock opened at $96.39 on Tuesday. The company has a current ratio of 7.24, a quick ratio of 5.69 and a debt-to-equity ratio of 0.48. The business’s 50 day simple moving average is $92.74 and its 200-day simple moving average is $86.75. The stock has a market capitalization of $6.95 billion, a price-to-earnings ratio of 92.68, a PEG ratio of 6.18 and a beta of 1.64. MACOM Technology Solutions has a twelve month low of $48.53 and a twelve month high of $104.90.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. The business had revenue of $157.15 million for the quarter, compared to analysts’ expectations of $151.12 million. Equities research analysts forecast that MACOM Technology Solutions will post 2.02 earnings per share for the current year.

Insider Transactions at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 200,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $82.39, for a total transaction of $16,478,000.00. Following the completion of the sale, the director now directly owns 7,645,668 shares of the company’s stock, valued at approximately $629,926,586.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, SVP Wayne Mack Struble sold 1,019 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $86.12, for a total transaction of $87,756.28. Following the completion of the sale, the senior vice president now directly owns 15,649 shares of the company’s stock, valued at approximately $1,347,691.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Susan Ocampo sold 200,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $82.39, for a total value of $16,478,000.00. Following the completion of the sale, the director now directly owns 7,645,668 shares of the company’s stock, valued at approximately $629,926,586.52. The disclosure for this sale can be found here. Insiders sold a total of 811,058 shares of company stock valued at $68,674,574 in the last three months. 22.75% of the stock is currently owned by corporate insiders.

Institutional Trading of MACOM Technology Solutions

Hedge funds and other institutional investors have recently modified their holdings of the business. Ensign Peak Advisors Inc acquired a new stake in shares of MACOM Technology Solutions in the third quarter worth $29,000. Riverview Trust Co acquired a new stake in shares of MACOM Technology Solutions in the first quarter worth $47,000. RiverPark Advisors LLC acquired a new stake in shares of MACOM Technology Solutions in the third quarter worth $58,000. Point72 Hong Kong Ltd boosted its position in shares of MACOM Technology Solutions by 69.9% in the second quarter. Point72 Hong Kong Ltd now owns 1,451 shares of the semiconductor company’s stock worth $67,000 after buying an additional 597 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of MACOM Technology Solutions by 26.6% in the second quarter. Captrust Financial Advisors now owns 1,466 shares of the semiconductor company’s stock worth $68,000 after buying an additional 308 shares during the period. 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.