MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) has received a consensus rating of “Hold” from the fourteen analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $22.70.
Several analysts have issued reports on the company. DA Davidson boosted their target price on MACOM Technology Solutions to $24.00 in a research note on Thursday, November 14th. Northland Securities reaffirmed a “buy” rating and set a $30.00 price target (up previously from $22.50) on shares of MACOM Technology Solutions in a research report on Monday, November 18th. Piper Sandler upped their price target on MACOM Technology Solutions from $29.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price target on shares of MACOM Technology Solutions in a research report on Wednesday, November 13th. Finally, Zacks Investment Research cut MACOM Technology Solutions from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a research report on Monday, October 14th.
MTSI traded up $1.06 during midday trading on Friday, reaching $28.52. The company had a trading volume of 211,898 shares, compared to its average volume of 262,677. MACOM Technology Solutions has a 12-month low of $12.33 and a 12-month high of $27.98. The business has a 50-day moving average price of $26.13 and a two-hundred day moving average price of $21.98. The stock has a market cap of $1.81 billion, a PE ratio of -47.53 and a beta of 1.92. The company has a debt-to-equity ratio of 2.18, a quick ratio of 3.88 and a current ratio of 5.33.
MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.08. MACOM Technology Solutions had a negative net margin of 77.29% and a negative return on equity of 10.69%. The company had revenue of $112.20 million during the quarter, compared to analyst estimates of $110.16 million. During the same quarter last year, the business posted $0.16 EPS. MACOM Technology Solutions’s quarterly revenue was down 25.8% compared to the same quarter last year.
In other news, SVP Douglas J. Carlson sold 3,183 shares of the stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $27.21, for a total value of $86,609.43. Following the sale, the senior vice president now directly owns 53,571 shares of the company’s stock, valued at $1,457,666.91. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charles R. Bland sold 3,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $26.58, for a total transaction of $79,740.00. Following the completion of the sale, the director now directly owns 42,482 shares in the company, valued at $1,129,171.56. The disclosure for this sale can be found here. Insiders have sold a total of 6,422 shares of company stock worth $172,437 in the last ninety days. Insiders own 32.40% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of MACOM Technology Solutions by 1.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 262,894 shares of the semiconductor company’s stock worth $3,978,000 after purchasing an additional 4,525 shares during the last quarter. Canada Pension Plan Investment Board grew its position in MACOM Technology Solutions by 75.9% during the second quarter. Canada Pension Plan Investment Board now owns 403,700 shares of the semiconductor company’s stock worth $6,108,000 after buying an additional 174,203 shares in the last quarter. AXA acquired a new stake in MACOM Technology Solutions during the second quarter worth approximately $4,842,000. BlackRock Inc. increased its stake in MACOM Technology Solutions by 0.3% during the 2nd quarter. BlackRock Inc. now owns 3,120,638 shares of the semiconductor company’s stock worth $47,215,000 after acquiring an additional 7,955 shares during the period. Finally, Marshall Wace North America L.P. bought a new position in MACOM Technology Solutions during the 2nd quarter worth $707,000. 74.22% of the stock is owned by institutional investors.
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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