MACOM Technology Solutions (NASDAQ:MTSI) Upgraded to Outperform at Northland Securities

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) was upgraded by research analysts at Northland Securities from a "market perform" rating to an "outperform" rating in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a $140.00 target price on the semiconductor company's stock, up from their prior target price of $105.00. Northland Securities' price target points to a potential upside of 14.67% from the company's previous close.

A number of other brokerages have also recently issued reports on MTSI. Barclays upped their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Piper Sandler upped their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Finally, Benchmark upped their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $131.50.

MACOM Technology Solutions Price Performance

MTSI traded up $0.22 on Monday, reaching $122.09. The stock had a trading volume of 589,915 shares, compared to its average volume of 745,721. MACOM Technology Solutions has a fifty-two week low of $82.36 and a fifty-two week high of $152.50. The firm has a 50-day moving average of $134.59 and a 200-day moving average of $120.40. The company has a current ratio of 3.61, a quick ratio of 6.55 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $9.08 billion, a price-to-earnings ratio of -84.78, a price-to-earnings-growth ratio of 2.27 and a beta of 1.71.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (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 will post 2.71 EPS for the current year.

Insiders Place Their Bets

In other news, Director Susan Ocampo sold 105,782 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $123.67, for a total value of $13,082,059.94. Following the completion of the sale, the director now directly owns 5,914,008 shares of the company's stock, valued at $731,385,369.36. This represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Robert Dennehy sold 2,539 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $120.80, for a total value of $306,711.20. Following the completion of the sale, the senior vice president now directly owns 31,206 shares of the company's stock, valued at approximately $3,769,684.80. This trade represents a 7.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 238,954 shares of company stock worth $30,343,543. Corporate insiders own 16.30% of the company's stock.

Institutional Trading of MACOM Technology Solutions

A number of large investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System increased its position in MACOM Technology Solutions by 0.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company's stock worth $2,092,000 after buying an additional 100 shares during the last quarter. Russell Investments Group Ltd. increased its position in MACOM Technology Solutions by 1.4% in the fourth quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company's stock worth $930,000 after buying an additional 100 shares during the last quarter. UMB Bank n.a. increased its position 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 worth $31,000 after buying an additional 101 shares during the last quarter. Quadrant Capital Group LLC increased its position in MACOM Technology Solutions by 8.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company's stock worth $174,000 after buying an additional 101 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its position in MACOM Technology Solutions by 4.2% in the third quarter. EP Wealth Advisors LLC now owns 2,712 shares of the semiconductor company's stock worth $302,000 after buying an additional 110 shares during 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.