MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has received an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $130.50.

MTSI has been the topic of several analyst reports. BNP Paribas upgraded shares of MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price objective on the stock in a report on Wednesday, April 9th. Truist Financial initiated coverage on shares of MACOM Technology Solutions in a report on Friday, April 11th. They issued a “buy” rating and a $125.00 price objective on the stock. Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Bank of America cut their price objective on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Finally, Stifel Nicolaus cut their price objective on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, April 17th.

MACOM Technology Solutions Price Performance

Shares of MTSI stock opened at $123.25 on Wednesday. MACOM Technology Solutions has a 1 year low of $84.00 and a 1 year high of $152.50. The firm’s 50 day moving average is $104.07 and its 200-day moving average is $120.90. The firm has a market capitalization of $9.16 billion, a price-to-earnings ratio of -85.59, a PEG ratio of 2.42 and a beta of 1.36. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. The company had revenue of $235.89 million for the quarter, compared to analyst estimates of $230.04 million. During the same period in the prior year, the business earned $0.59 earnings per share. MACOM Technology Solutions’s quarterly revenue was up 30.2% on a year-over-year basis. Sell-side analysts forecast that MACOM Technology Solutions will post 2.43 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Donghyun Thomas Hwang sold 4,944 shares of the firm’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $118.59, for a total transaction of $586,308.96. Following the sale, the senior vice president now directly owns 30,659 shares in the company, valued at $3,635,850.81. This trade represents a 13.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Susan Ocampo sold 300,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.13, for a total transaction of $37,239,000.00. Following the sale, the director now owns 4,823,636 shares in the company, valued at approximately $598,757,936.68. The trade was a 5.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 695,579 shares of company stock worth $85,918,753. Company insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On MACOM Technology Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in MTSI. Price T Rowe Associates Inc. MD raised its holdings in shares of MACOM Technology Solutions by 38.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company’s stock worth $519,399,000 after acquiring an additional 1,120,510 shares during the period. Norges Bank bought a new position in MACOM Technology Solutions in the fourth quarter valued at $82,833,000. Vanguard Group Inc. grew its position in MACOM Technology Solutions by 6.0% in the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company’s stock valued at $846,656,000 after purchasing an additional 368,979 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in MACOM Technology Solutions in the fourth quarter valued at $31,260,000. Finally, Nuveen LLC bought a new position in MACOM Technology Solutions in the first quarter valued at $23,767,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

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.