MACOM Technology Solutions (NASDAQ:MTSI) Hits New 52-Week Low - What's Next?

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $84.10 and last traded at $89.66, with a volume of 1299665 shares traded. The stock had previously closed at $92.17.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MTSI shares. BNP Paribas upgraded shares of 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. Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $105.00 to $140.00 in a report on Monday, February 10th. Benchmark reaffirmed a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a report on Monday, February 10th. Finally, Northland Capmk raised MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $131.82.

MACOM Technology Solutions Price Performance

The business's 50-day simple moving average is $111.26 and its 200 day simple moving average is $122.00. 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 company has a market capitalization of $7.23 billion, a P/E ratio of -67.67, a P/E/G ratio of 2.42 and a beta of 1.72.

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MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 EPS 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%. As a group, sell-side analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Buying and Selling

In related news, Director Geoffrey G. Ribar sold 6,656 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total value of $809,436.16. Following the completion of the transaction, the director now owns 14,031 shares of the company's stock, valued at approximately $1,706,309.91. This trade represents a 32.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan Ocampo sold 97,527 shares of the business'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 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 disclosure for this sale can be found here. Insiders have sold 743,948 shares of company stock worth $92,210,640 in the last ninety days. 16.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Louisiana State Employees Retirement System increased its holdings in shares of MACOM Technology Solutions by 0.6% in the 4th quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company's stock valued at $2,092,000 after purchasing an additional 100 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of MACOM Technology Solutions by 1.4% during the 4th quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company's stock valued at $930,000 after buying an additional 100 shares during the period. 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 valued at $31,000 after acquiring an additional 101 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of MACOM Technology Solutions by 8.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company's stock worth $174,000 after acquiring an additional 101 shares in the last quarter. Finally, EP Wealth Advisors LLC raised its holdings in shares of MACOM Technology Solutions by 4.2% during the third quarter. EP Wealth Advisors LLC now owns 2,712 shares of the semiconductor company's stock worth $302,000 after acquiring an additional 110 shares in the last quarter. Hedge funds and other institutional investors 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.