Stock Traders Buy Large Volume of MACOM Technology Solutions Call Options (NASDAQ:MTSI)

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) was the target of unusually large options trading on Thursday. Investors purchased 4,796 call options on the stock. This is an increase of 1,994% compared to the typical volume of 229 call options.

Several research analysts have recently weighed in on MTSI shares. Jefferies Financial Group lowered MACOM Technology Solutions from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $18.00 to $15.00 in a research report on Wednesday, April 24th. Barclays reissued a “hold” rating and issued a $14.00 price objective on shares of MACOM Technology Solutions in a research report on Thursday, June 20th. Needham & Company LLC reissued a “buy” rating and issued a $17.00 price objective (down from $20.00) on shares of MACOM Technology Solutions in a research report on Wednesday, June 19th. DA Davidson set a $14.00 price objective on MACOM Technology Solutions and gave the stock a “hold” rating in a research report on Wednesday, May 8th. Finally, Piper Jaffray Companies raised MACOM Technology Solutions from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $14.00 to $21.00 in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. MACOM Technology Solutions presently has a consensus rating of “Hold” and an average target price of $17.95.

Shares of MACOM Technology Solutions stock opened at $19.52 on Friday. MACOM Technology Solutions has a one year low of $12.33 and a one year high of $23.71. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 139.43 and a beta of 1.94. The business has a 50-day simple moving average of $17.69 and a 200 day simple moving average of $16.64. The company has a debt-to-equity ratio of 2.29, a current ratio of 4.37 and a quick ratio of 3.20.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, August 1st. The semiconductor company reported ($0.42) EPS for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.13. MACOM Technology Solutions had a negative return on equity of 7.79% and a negative net margin of 76.27%. The business had revenue of $108.30 million during the quarter, compared to analyst estimates of $108.20 million. During the same period in the previous year, the company posted $0.13 EPS. The firm’s revenue was down 21.5% compared to the same quarter last year. On average, sell-side analysts expect that MACOM Technology Solutions will post -0.76 EPS for the current year.

In other MACOM Technology Solutions news, Chairman John L. Ocampo acquired 60,000 shares of the stock in a transaction dated Monday, May 20th. The stock was purchased at an average cost of $13.26 per share, with a total value of $795,600.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman John L. Ocampo acquired 100,000 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was acquired at an average cost of $13.30 per share, with a total value of $1,330,000.00. The disclosure for this purchase can be found here. 32.40% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Yiheng Capital LLC boosted its stake in shares of MACOM Technology Solutions by 5.1% in the 2nd quarter. Yiheng Capital LLC now owns 3,186,673 shares of the semiconductor company’s stock worth $48,214,000 after buying an additional 153,600 shares during the last quarter. Schroder Investment Management Group purchased a new position in MACOM Technology Solutions in the second quarter valued at approximately $8,843,000. Nuveen Asset Management LLC purchased a new position in MACOM Technology Solutions in the second quarter valued at approximately $2,998,000. Victory Capital Management Inc. lifted its stake in MACOM Technology Solutions by 104.1% in the second quarter. Victory Capital Management Inc. now owns 265,120 shares of the semiconductor company’s stock valued at $4,011,000 after purchasing an additional 135,230 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in MACOM Technology Solutions by 14.5% in the second quarter. UBS Asset Management Americas Inc. now owns 17,382 shares of the semiconductor company’s stock valued at $263,000 after purchasing an additional 2,196 shares during the last quarter. 75.16% of the stock is owned by institutional investors and hedge funds.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and lightwave spectrum products in the United States, China, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, including integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and subsystems for approximately 60 product lines.

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