MACOM Technology Solutions’ (MTSI) Buy Rating Reaffirmed at Benchmark

Benchmark reaffirmed their buy rating on shares of MACOM Technology Solutions (NASDAQ:MTSI) in a report published on Monday,Benzinga reports. They currently have a $160.00 price target on the semiconductor company’s stock.

Several other research firms have also commented on MTSI. Barclays boosted their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Piper Sandler increased their price target on shares of 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, Northland Securities upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $105.00 to $140.00 in a research report on Monday. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.50.

MACOM Technology Solutions Price Performance

Shares of MTSI opened at $122.75 on Monday. The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of -85.24, a price-to-earnings-growth ratio of 2.27 and a beta of 1.71. MACOM Technology Solutions has a fifty-two week low of $81.14 and a fifty-two week high of $152.50. The firm has a 50-day simple moving average of $135.69 and a 200-day simple moving average of $120.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.55 and a current ratio of 3.61.

MACOM Technology Solutions (NASDAQ:MTSI) 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%. On average, equities research analysts anticipate that MACOM Technology Solutions will post 2.71 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Susan Ocampo sold 105,782 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $123.67, for a total transaction 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 trade represents a 1.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Robert Dennehy sold 2,539 shares of the business’s 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 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. Insiders have sold 218,532 shares of company stock worth $27,902,795 in the last three months. 16.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its holdings in MACOM Technology Solutions by 10.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 15,013 shares of the semiconductor company’s stock valued at $1,950,000 after purchasing an additional 1,445 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at $733,000. Signaturefd LLC grew its holdings in shares of MACOM Technology Solutions by 8.3% in the 4th quarter. Signaturefd LLC now owns 2,211 shares of the semiconductor company’s stock worth $287,000 after purchasing an additional 169 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of MACOM Technology Solutions by 4.7% during the 4th quarter. Corient Private Wealth LLC now owns 3,033 shares of the semiconductor company’s stock worth $394,000 after purchasing an additional 136 shares in the last quarter. Finally, one8zero8 LLC bought a new position in MACOM Technology Solutions during the 4th quarter valued at about $234,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

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.