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

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has received a consensus rating of “Moderate Buy” from the eleven research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $131.50.

Several research analysts have commented on MTSI shares. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Benchmark reaffirmed a “buy” rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Finally, Northland Capmk raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th.

MACOM Technology Solutions Trading Down 3.4 %

NASDAQ:MTSI opened at $98.47 on Tuesday. MACOM Technology Solutions has a 12-month low of $90.01 and a 12-month high of $152.50. The firm has a market cap of $7.32 billion, a PE ratio of -68.38, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The stock has a fifty day moving average price of $119.31 and a 200 day moving average price of $122.56.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.38). MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. Sell-side analysts anticipate that MACOM Technology Solutions will post 2.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Donghyun Thomas Hwang sold 7,355 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $133.00, for a total value of $978,215.00. Following the completion of the sale, the senior vice president now owns 43,657 shares in the company, valued at $5,806,381. This represents a 14.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Kober sold 2,250 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $130.09, for a total transaction of $292,702.50. Following the transaction, the chief financial officer now directly owns 49,239 shares in the company, valued at $6,405,501.51. The trade was a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 746,198 shares of company stock valued at $92,503,343. 16.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Louisiana State Employees Retirement System boosted its holdings in shares of MACOM Technology Solutions by 0.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company’s stock valued at $2,092,000 after acquiring an additional 100 shares in the last quarter. Russell Investments Group Ltd. lifted its position in MACOM Technology Solutions by 1.4% in the fourth quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company’s stock valued at $930,000 after purchasing an additional 100 shares during the period. UMB Bank n.a. boosted its holdings in MACOM Technology Solutions by 74.3% in the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. Quadrant Capital Group LLC increased its position in MACOM Technology Solutions by 8.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company’s stock worth $174,000 after purchasing an additional 101 shares during the period. Finally, EP Wealth Advisors LLC raised its stake in shares of MACOM Technology Solutions by 4.2% during the 3rd quarter. EP Wealth Advisors LLC now owns 2,712 shares of the semiconductor company’s stock worth $302,000 after buying an additional 110 shares in the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

About MACOM Technology Solutions

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.