MACOM Technology Solutions (MTSI) Projected to Post Quarterly Earnings on Thursday

MACOM Technology Solutions (NASDAQ:MTSI) is projected to release its earnings data before the market opens on Thursday, February 6th. Analysts expect MACOM Technology Solutions to post earnings of $0.78 per share and revenue of $214.92 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

MACOM Technology Solutions Stock Performance

MTSI stock opened at $126.90 on Thursday. The stock’s 50 day simple moving average is $136.20 and its 200 day simple moving average is $118.80. MACOM Technology Solutions has a 12-month low of $79.25 and a 12-month high of $152.50. The firm has a market cap of $9.43 billion, a P/E ratio of 123.21, a P/E/G ratio of 2.58 and a beta of 1.71. The company has a current ratio of 8.35, a quick ratio of 6.55 and a debt-to-equity ratio of 0.43.

Insiders Place Their Bets

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $118.38, for a total transaction of $177,570.00. Following the completion of the sale, the senior vice president now directly owns 37,102 shares in the company, valued at approximately $4,392,134.76. This trade represents a 3.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Susan Ocampo sold 25,351 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $130.05, for a total value of $3,296,897.55. Following the completion of the transaction, the director now owns 6,046,676 shares in the company, valued at $786,370,213.80. This represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 220,032 shares of company stock worth $28,080,365 over the last ninety days. 16.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on MTSI shares. Northland Securities lifted their target price on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. Benchmark increased their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Piper Sandler lifted their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Barclays boosted their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.00.

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.