MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eleven brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $131.50.

MTSI has been the subject of a number of recent analyst reports. Benchmark reissued a "buy" rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a report on Monday, February 10th. Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and raised their price target for the company from $105.00 to $140.00 in a report on Monday, February 10th. Finally, 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.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI traded down $3.75 during trading hours on Tuesday, reaching $101.90. The company's stock had a trading volume of 593,138 shares, compared to its average volume of 621,712. The stock has a market cap of $7.58 billion, a PE ratio of -70.76, a PEG ratio of 2.42 and a beta of 1.74. The business has a 50-day simple moving average of $120.25 and a 200 day simple moving average of $122.37. MACOM Technology Solutions has a 52 week low of $90.01 and a 52 week high of $152.50. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33.

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MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates 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%. Equities research analysts predict that MACOM Technology Solutions will post 2.43 earnings per share for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 45,773 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $125.35, for a total transaction of $5,737,645.55. Following the sale, the director now directly owns 5,509,746 shares of the company's stock, valued at $690,646,661.10. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the 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 transaction, the senior vice president now owns 43,657 shares of the company's stock, 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. 16.30% of the stock is owned by insiders.

Institutional Trading of MACOM Technology Solutions

Hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at approximately $35,000. Citigroup Inc. raised its stake in MACOM Technology Solutions by 46.2% during the 3rd quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company's stock valued at $7,672,000 after purchasing an additional 21,786 shares during the period. Algert Global LLC lifted its holdings in shares of MACOM Technology Solutions by 103.6% in the third quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company's stock valued at $1,315,000 after purchasing an additional 6,015 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of MACOM Technology Solutions by 18.4% in the third quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company's stock worth $82,945,000 after buying an additional 116,090 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of MACOM Technology Solutions by 4.8% during the third quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company's stock valued at $113,044,000 after buying an additional 46,812 shares in the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

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.