MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Receives $139.90 Consensus Price Target from Brokerages

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $139.90.

Several brokerages have recently commented on MTSI. Truist Financial raised their target price on MACOM Technology Solutions from $136.00 to $154.00 and gave the company a “buy” rating in a research note on Monday, July 7th. BNP Paribas upgraded MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price target for the company in a research note on Wednesday, April 9th. Barclays lifted their price target on MACOM Technology Solutions from $125.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Wall Street Zen upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Sunday, July 20th. Finally, Stifel Nicolaus lifted their price target on MACOM Technology Solutions from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, July 18th.

MACOM Technology Solutions Stock Performance

Shares of MTSI opened at $140.02 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.56 and a quick ratio of 2.86. The stock has a 50-day moving average of $133.99 and a 200-day moving average of $121.42. The company has a market cap of $10.41 billion, a PE ratio of -114.77, a P/E/G ratio of 2.70 and a beta of 1.43. MACOM Technology Solutions has a one year low of $84.00 and a one year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.84 by $0.01. The company had revenue of $235.89 million during the quarter, compared to the consensus estimate of $230.04 million. MACOM Technology Solutions had a positive return on equity of 13.32% and a negative net margin of 10.24%. The firm’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period last year, the business posted $0.59 EPS. On average, equities research analysts predict that MACOM Technology Solutions will post 2.43 EPS for the current fiscal year.

Insider Activity

In other MACOM Technology Solutions news, CFO John Kober sold 2,250 shares of MACOM Technology Solutions stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $125.65, for a total transaction of $282,712.50. Following the transaction, the chief financial officer owned 47,128 shares of the company’s stock, valued at $5,921,633.20. This trade represents a 4.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan Ocampo sold 300,000 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $123.58, for a total transaction of $37,074,000.00. Following the transaction, the director directly owned 4,377,764 shares in the company, valued at approximately $541,004,075.12. This represents a 6.41% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 452,756 shares of company stock worth $56,158,217. Corporate insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On MACOM Technology Solutions

Several hedge funds have recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new stake in shares of MACOM Technology Solutions in the 1st quarter worth approximately $25,000. Elequin Capital LP bought a new stake in shares of MACOM Technology Solutions in the 4th quarter worth approximately $26,000. Versant Capital Management Inc raised its holdings in shares of MACOM Technology Solutions by 9,400.0% in the 1st quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 282 shares during the period. SVB Wealth LLC bought a new stake in shares of MACOM Technology Solutions in the 1st quarter worth approximately $34,000. Finally, Allworth Financial LP raised its holdings in shares of MACOM Technology Solutions by 131.3% in the 1st quarter. Allworth Financial LP now owns 347 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 197 shares during the period. Institutional investors 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.