MACOM Technology Solutions (NASDAQ:MTSI) Stock Rating Upgraded by BNP Paribas

BNP Paribas upgraded shares of MACOM Technology Solutions (NASDAQ:MTSI - Free Report) from a neutral rating to an outperform rating in a research note released on Wednesday, MarketBeat.com reports. They currently have $135.00 target price on the semiconductor company's stock.

Several other equities analysts have also recently weighed in on the stock. Benchmark reiterated a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, MACOM Technology Solutions has an average rating of "Moderate Buy" and a consensus price target of $131.25.

MACOM Technology Solutions Price Performance

Shares of NASDAQ MTSI traded up $0.95 during midday trading on Wednesday, reaching $98.77. The company's stock had a trading volume of 195,842 shares, compared to its average volume of 657,353. MACOM Technology Solutions has a one year low of $84.00 and a one year high of $152.50. The company has a market cap of $7.34 billion, a price-to-earnings ratio of -68.59, a price-to-earnings-growth ratio of 2.42 and a beta of 1.72. The company has a 50 day moving average price of $109.91 and a 200 day moving average price of $121.96. 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 posted 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 research analysts expect that MACOM Technology Solutions will post 2.43 EPS for the current year.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 7,355 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $133.00, for a total transaction 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. The trade was a 14.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan Ocampo sold 300,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.13, for a total value of $37,239,000.00. Following the sale, the director now owns 4,823,636 shares of the company's stock, valued at approximately $598,757,936.68. The trade was a 5.86 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 743,948 shares of company stock valued at $92,210,640. Insiders own 16.30% of the company's stock.

Institutional Trading of MACOM Technology Solutions

A number of hedge funds have recently modified their holdings of MTSI. Elequin Capital LP bought a new stake in shares of MACOM Technology Solutions in the 4th quarter worth about $26,000. Versant Capital Management Inc raised its stake in MACOM Technology Solutions by 9,400.0% during the 1st quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company's stock worth $29,000 after buying an additional 282 shares during the period. UMB Bank n.a. lifted its stake in MACOM Technology Solutions by 74.3% in the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock valued at $31,000 after buying an additional 101 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of MACOM Technology Solutions during the fourth quarter worth about $33,000. Finally, SBI Securities Co. Ltd. acquired a new stake in MACOM Technology Solutions in the 4th quarter valued at $35,000. Institutional investors own 76.14% of the company's stock.

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.