Analysts Set MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) PT at $131.50

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) have been given an average rating of “Moderate Buy” by the eleven analysts that are currently covering the firm, MarketBeat 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 1 year price objective among brokers that have issued a report on the stock in the last year is $131.50.

Several equities research analysts have recently issued reports on the company. Northland Securities upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $105.00 to $140.00 in a report on Monday, February 10th. Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Benchmark restated a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research note on Monday, February 10th.

Insider Buying and Selling

In related news, Director Susan Ocampo sold 300,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 4,823,636 shares in the company, valued at $598,757,936.68. This represents a 5.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the firm’s stock in a transaction that occurred 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 directly owns 43,657 shares in the company, valued at $5,806,381. This trade represents a 14.42 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 746,198 shares of company stock valued at $92,503,343. Company insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On MACOM Technology Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Elequin Capital LP bought a new position in MACOM Technology Solutions during the fourth quarter valued at about $26,000. UMB Bank n.a. grew its holdings in shares of MACOM Technology Solutions by 74.3% during the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 101 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. acquired a new position in shares of MACOM Technology Solutions in the fourth quarter valued at $35,000. Finally, ORG Wealth Partners LLC bought a new position in MACOM Technology Solutions in the fourth quarter worth $36,000. Institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Stock Down 3.5 %

MTSI stock opened at $101.90 on Tuesday. The company has a 50 day moving average of $120.25 and a two-hundred day moving average of $122.37. The company has a market cap of $7.58 billion, a price-to-earnings ratio of -70.76, a PEG ratio of 2.42 and a beta of 1.74. MACOM Technology Solutions has a 12-month low of $90.01 and a 12-month high of $152.50. 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 (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 positive return on equity of 12.42% and a negative net margin of 13.05%. On average, equities analysts anticipate that MACOM Technology Solutions will post 2.43 earnings per share for the current fiscal year.

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.