MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) have earned an average rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $131.50.

A number of equities analysts have issued reports on MTSI shares. Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. 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, February 10th. Finally, Benchmark reiterated a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions in a report on Monday, February 10th.

MACOM Technology Solutions Price Performance

Shares of NASDAQ MTSI opened at $112.84 on Tuesday. The company’s fifty day moving average is $122.25 and its two-hundred day moving average is $122.51. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. The firm has a market capitalization of $8.39 billion, a P/E ratio of -78.36, a PEG ratio of 2.42 and a beta of 1.74. MACOM Technology Solutions has a one year low of $90.01 and a one year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last issued 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 negative net margin of 13.05% and a positive return on equity of 12.42%. Analysts forecast that MACOM Technology Solutions will post 2.43 EPS for the current fiscal year.

Insider Activity

In other news, CFO John Kober sold 2,250 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total value of $292,702.50. Following the sale, the chief financial officer now owns 49,239 shares in the company, valued at approximately $6,405,501.51. This represents a 4.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Geoffrey G. Ribar sold 6,656 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total value of $809,436.16. Following the completion of the sale, the director now directly owns 14,031 shares of the company’s stock, valued at approximately $1,706,309.91. This represents a 32.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 746,198 shares of company stock worth $92,503,343 over the last ninety days. Corporate insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Louisiana State Employees Retirement System grew its holdings in shares of MACOM Technology Solutions by 0.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company’s stock valued at $2,092,000 after purchasing an additional 100 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in MACOM Technology Solutions by 1.4% in the fourth quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company’s stock valued at $930,000 after buying an additional 100 shares during the last quarter. UMB Bank n.a. grew its position in shares of MACOM Technology Solutions by 74.3% during the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 101 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of MACOM Technology Solutions by 8.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company’s stock worth $174,000 after acquiring an additional 101 shares during the period. Finally, EP Wealth Advisors LLC lifted its position in MACOM Technology Solutions by 4.2% in the 3rd quarter. EP Wealth Advisors LLC now owns 2,712 shares of the semiconductor company’s stock valued at $302,000 after purchasing an additional 110 shares during the last quarter. 76.14% of the stock is currently 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.