MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Receives $130.50 Consensus PT from Analysts

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $130.50.

MTSI has been the topic of several recent research reports. Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Barclays lifted their price objective on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. Truist Financial assumed coverage on shares of MACOM Technology Solutions in a research note on Friday, April 11th. They issued a “buy” rating and a $125.00 price objective on the stock. BNP Paribas raised shares of MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 target price on the stock in a research report on Wednesday, April 9th. Finally, Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th.

MACOM Technology Solutions Stock Up 0.8%

MTSI stock opened at $123.46 on Wednesday. The firm’s 50-day simple moving average is $105.45 and its 200 day simple moving average is $121.06. The stock has a market cap of $9.18 billion, a PE ratio of -85.74, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions has a fifty-two week low of $84.00 and a fifty-two week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last released 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 firm had revenue of $235.89 million for the quarter, compared to analysts’ expectations of $230.04 million. MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. MACOM Technology Solutions’s quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter last year, the company earned $0.59 EPS. As a group, sell-side analysts predict that MACOM Technology Solutions will post 2.43 EPS for the current year.

Insider Buying and Selling

In related news, Director Susan Ocampo sold 97,527 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the completion of the sale, the director now directly owns 4,689,225 shares in the company, valued at approximately $581,839,038. This trade represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the firm’s stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $100.00, for a total transaction of $647,100.00. Following the sale, the senior vice president now owns 35,603 shares of the company’s stock, valued at approximately $3,560,300. This represents a 15.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 708,944 shares of company stock worth $87,647,791. 16.30% of the stock is owned by company insiders.

Institutional Trading of MACOM Technology Solutions

Institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new stake in shares of MACOM Technology Solutions during the fourth quarter worth approximately $35,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of MACOM Technology Solutions by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company’s stock worth $69,157,000 after purchasing an additional 1,719 shares during the period. Assenagon Asset Management S.A. lifted its stake in MACOM Technology Solutions by 22.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 98,189 shares of the semiconductor company’s stock valued at $12,756,000 after acquiring an additional 18,055 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in MACOM Technology Solutions by 97.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 138 shares during the last quarter. Finally, Covea Finance lifted its stake in MACOM Technology Solutions by 8.0% in the fourth quarter. Covea Finance now owns 27,000 shares of the semiconductor company’s stock valued at $3,508,000 after acquiring an additional 2,000 shares during the last quarter. 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.