Stifel Nicolaus Issues Pessimistic Forecast for MACOM Technology Solutions (NASDAQ:MTSI) Stock Price

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) had its price objective cut by equities researchers at Stifel Nicolaus from $150.00 to $120.00 in a report issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the semiconductor company's stock. Stifel Nicolaus' price target would indicate a potential upside of 24.71% from the stock's current price.

A number of other equities research analysts have also weighed in on MTSI. Northland Capmk upgraded shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Truist Financial assumed coverage on MACOM Technology Solutions in a research note on Friday, April 11th. They issued a "buy" rating and a $125.00 price objective for the company. BNP Paribas upgraded MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target for the company in a report on Wednesday, April 9th. Bank of America dropped their price objective on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Finally, Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and upped their target price 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 assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, MACOM Technology Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $127.92.

MACOM Technology Solutions Stock Up 0.9 %

Shares of MTSI stock traded up $0.82 on Thursday, reaching $96.23. 134,119 shares of the company were exchanged, compared to its average volume of 658,780. 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 $7.15 billion, a price-to-earnings ratio of -66.74, a PEG ratio of 2.42 and a beta of 1.72. The company has a 50-day moving average of $106.44 and a 200-day moving average of $121.46. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced 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 negative net margin of 13.05% and a positive return on equity of 12.42%. Analysts anticipate that MACOM Technology Solutions will post 2.43 earnings per share for the current year.

Insider Activity

In other news, Director Susan Ocampo sold 300,000 shares of the business's 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 $598,757,936.68. The trade was a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction that occurred 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. This represents a 14.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 743,948 shares of company stock valued at $92,210,640 in the last three months. Company insiders own 16.30% of the company's stock.

Hedge Funds Weigh In On MACOM Technology Solutions

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in MACOM Technology Solutions by 6.0% in the 4th quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock worth $846,656,000 after purchasing an additional 368,979 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of MACOM Technology Solutions by 38.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company's stock worth $519,399,000 after purchasing an additional 1,120,510 shares during the last quarter. Geode Capital Management LLC raised its stake in MACOM Technology Solutions by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,022,565 shares of the semiconductor company's stock valued at $132,882,000 after purchasing an additional 6,784 shares in the last quarter. Millennium Management LLC lifted its position in MACOM Technology Solutions by 14.8% during the fourth quarter. Millennium Management LLC now owns 850,687 shares of the semiconductor company's stock valued at $110,513,000 after purchasing an additional 109,529 shares during the last quarter. Finally, Norges Bank purchased a new position in MACOM Technology Solutions in the 4th quarter worth approximately $82,833,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

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.