Truist Financial Begins Coverage on MACOM Technology Solutions (NASDAQ:MTSI)

Truist Financial started coverage on shares of MACOM Technology Solutions (NASDAQ:MTSI - Free Report) in a research note published on Friday, MarketBeat.com reports. The firm issued a buy rating and a $125.00 price objective on the semiconductor company's stock.

A number of other equities analysts have also recently issued reports on MTSI. Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $105.00 to $140.00 in a research note on Monday, February 10th. 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. BNP Paribas upgraded MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective on the stock in a research note on Wednesday, April 9th. Finally, Northland Capmk raised MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $131.25.

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MACOM Technology Solutions Stock Performance

MACOM Technology Solutions stock traded up $0.33 during mid-day trading on Friday, reaching $99.49. The company had a trading volume of 682,548 shares, compared to its average volume of 815,764. The company has a 50 day moving average of $109.17 and a 200-day moving average of $121.87. The firm has a market cap of $7.40 billion, a price-to-earnings ratio of -69.09, a PEG ratio of 2.42 and a beta of 1.72. 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 52 week low of $84.00 and a 52 week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings results 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%. On average, sell-side analysts expect that MACOM Technology Solutions will post 2.43 EPS for the current fiscal year.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, 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 transaction, the senior vice president now directly owns 43,657 shares of the company's stock, valued at approximately $5,806,381. This trade represents a 14.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Ocampo sold 97,527 shares of the company's stock in a transaction 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 sale, the director now owns 4,689,225 shares of the company's stock, valued at $581,839,038. The trade was a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 743,948 shares of company stock worth $92,210,640 over the last 90 days. 16.30% of the stock is owned by insiders.

Hedge Funds Weigh In On MACOM Technology Solutions

Hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at approximately $35,000. Geode Capital Management LLC boosted its position 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 worth $113,044,000 after purchasing an additional 46,812 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of MACOM Technology Solutions by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company's stock valued at $69,157,000 after buying an additional 1,719 shares during the period. Assenagon Asset Management S.A. raised its stake in MACOM Technology Solutions by 22.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 98,189 shares of the semiconductor company's stock worth $12,756,000 after buying an additional 18,055 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in MACOM Technology Solutions by 97.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 138 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company's stock.

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.