MACOM Technology Solutions (NASDAQ:MTSI) Raised to Strong-Buy at Northland Capmk

MACOM Technology Solutions (NASDAQ:MTSI) was upgraded by analysts at Northland Capmk from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts have also weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research report on Monday. Barclays upped their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Piper Sandler raised their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $105.00 to $140.00 in a research note on Monday. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.50.

MACOM Technology Solutions Stock Down 0.4 %

Shares of MTSI stock opened at $122.27 on Monday. The company has a current ratio of 3.61, a quick ratio of 6.55 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions has a 12 month low of $81.14 and a 12 month high of $152.50. The stock has a market cap of $9.09 billion, a P/E ratio of -84.91, a P/E/G ratio of 2.27 and a beta of 1.71. The company has a 50 day simple moving average of $135.31 and a two-hundred day simple moving average of $120.37.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate 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%. On average, research analysts expect that MACOM Technology Solutions will post 2.71 earnings per share for the current year.

Insider Buying and Selling at MACOM Technology Solutions

In other news, CFO John Kober sold 19,470 shares of MACOM Technology Solutions stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $126.88, for a total value of $2,470,353.60. Following the completion of the transaction, the chief financial officer now owns 51,489 shares in the company, valued at approximately $6,532,924.32. The trade was a 27.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $133.00, for a total value of $978,215.00. Following the transaction, the senior vice president now directly owns 43,657 shares in the company, valued at approximately $5,806,381. This represents a 14.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 193,181 shares of company stock worth $24,605,897 in the last quarter. 16.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of MACOM Technology Solutions by 6.0% during the 4th quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company’s stock worth $846,656,000 after purchasing an additional 368,979 shares during the period. Bridge City Capital LLC boosted its position in shares of MACOM Technology Solutions by 7.7% during the fourth quarter. Bridge City Capital LLC now owns 60,106 shares of the semiconductor company’s stock valued at $7,808,000 after buying an additional 4,314 shares during the period. LPL Financial LLC grew its stake in shares of MACOM Technology Solutions by 57.2% during the fourth quarter. LPL Financial LLC now owns 6,636 shares of the semiconductor company’s stock valued at $862,000 after buying an additional 2,415 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of MACOM Technology Solutions in the fourth quarter worth approximately $1,279,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of MACOM Technology Solutions during the 4th quarter worth approximately $1,559,000. 76.14% of the stock is owned by hedge funds and other 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.