MACOM Technology Solutions (NASDAQ:MTSI) Upgraded by Northland Securities to “Outperform” Rating

Northland Securities upgraded shares of MACOM Technology Solutions (NASDAQ:MTSI) from a market perform rating to an outperform rating in a report issued on Monday morning,Benzinga reports. Northland Securities currently has $140.00 price objective on the semiconductor company’s stock, up from their prior price objective of $105.00.

Several other research firms have also recently commented on MTSI. Benchmark boosted their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Piper Sandler upped their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Barclays raised their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.50.

MACOM Technology Solutions Stock Down 3.5 %

Shares of MTSI opened at $122.75 on Monday. The company’s 50-day simple moving average is $135.69 and its 200-day simple moving average is $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 has a 1 year low of $81.14 and a 1 year high of $152.50. The stock has a market capitalization of $9.13 billion, a PE ratio of -85.24, a P/E/G ratio of 2.27 and a beta of 1.71.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. Analysts forecast that MACOM Technology Solutions will post 2.71 earnings per share for the current fiscal year.

Insider Transactions at MACOM Technology Solutions

In other news, SVP Robert Dennehy sold 2,539 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $120.80, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan Ocampo sold 25,351 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $130.05, for a total transaction of $3,296,897.55. Following the transaction, the director now directly owns 6,046,676 shares of the company’s stock, valued at approximately $786,370,213.80. This represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 218,532 shares of company stock worth $27,902,795. 16.30% of the stock is currently owned by company insiders.

Institutional Trading of MACOM Technology Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of MACOM Technology Solutions by 75.4% during the 3rd quarter. GAMMA Investing LLC now owns 821 shares of the semiconductor company’s stock valued at $91,000 after buying an additional 353 shares during the last quarter. CWM LLC raised its position in shares of MACOM Technology Solutions by 16.4% during the 3rd quarter. CWM LLC now owns 1,689 shares of the semiconductor company’s stock worth $188,000 after purchasing an additional 238 shares during the period. Creative Planning lifted its holdings in shares of MACOM Technology Solutions by 11.3% in the 3rd quarter. Creative Planning now owns 10,421 shares of the semiconductor company’s stock worth $1,159,000 after purchasing an additional 1,059 shares during the last quarter. nVerses Capital LLC acquired a new position in MACOM Technology Solutions during the 3rd quarter valued at approximately $367,000. Finally, Raymond James & Associates grew its stake in MACOM Technology Solutions by 5.2% during the 3rd quarter. Raymond James & Associates now owns 38,917 shares of the semiconductor company’s stock worth $4,330,000 after buying an additional 1,924 shares during the last quarter. 76.14% 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 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.