MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has been assigned an average rating of “Moderate Buy” from the ten research firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $117.00.

MTSI has been the topic of several analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $135.00 price target (up from $100.00) on shares of MACOM Technology Solutions in a research note on Monday, May 13th. Benchmark raised their target price on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. boosted their price target on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Barclays increased their price target on MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Craig Hallum lifted their price objective on MACOM Technology Solutions from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 3rd.

Insider Activity

In other MACOM Technology Solutions news, Director Susan Ocampo sold 131,187 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $102.53, for a total value of $13,450,603.11. Following the transaction, the director now owns 7,161,709 shares in the company, valued at approximately $734,290,023.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other MACOM Technology Solutions news, Director Susan Ocampo sold 131,187 shares of MACOM Technology Solutions stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $102.53, for a total transaction of $13,450,603.11. Following the sale, the director now directly owns 7,161,709 shares in the company, valued at approximately $734,290,023.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Donghyun Thomas Hwang sold 5,000 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $106.25, for a total value of $531,250.00. Following the transaction, the senior vice president now owns 41,523 shares of the company’s stock, valued at $4,411,818.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 367,538 shares of company stock worth $37,836,872. 22.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

Several hedge funds and other institutional investors have recently modified their holdings of MTSI. Opal Wealth Advisors LLC acquired a new position in MACOM Technology Solutions in the second quarter worth about $39,000. Riverview Trust Co bought a new position in MACOM Technology Solutions during the 1st quarter worth approximately $47,000. GAMMA Investing LLC grew its position in shares of MACOM Technology Solutions by 153.0% in the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock worth $52,000 after acquiring an additional 283 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at approximately $69,000. Finally, Fidelis Capital Partners LLC bought a new position in MACOM Technology Solutions during the first quarter worth $77,000. Institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Trading Up 0.3 %

Shares of MTSI opened at $106.31 on Monday. The firm’s 50-day moving average is $105.89 and its two-hundred day moving average is $99.17. MACOM Technology Solutions has a twelve month low of $68.58 and a twelve month high of $118.76. The company has a current ratio of 8.18, a quick ratio of 5.70 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $7.67 billion, a P/E ratio of 120.81, a PEG ratio of 5.09 and a beta of 1.69.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. The business had revenue of $190.50 million for the quarter, compared to analyst estimates of $190.42 million. During the same period in the previous year, the firm earned $0.42 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, research analysts predict that MACOM Technology Solutions will post 1.92 earnings per share for the current fiscal year.

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.