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

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) have been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $131.50.

MTSI has been the subject of a number of research reports. Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Barclays raised their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $105.00 to $140.00 in a research note on Monday, February 10th. Finally, Benchmark restated a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research report on Monday, February 10th.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI opened at $112.75 on Friday. The company’s fifty day moving average price is $131.23 and its 200-day moving average price is $121.93. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of -78.30, a PEG ratio of 2.42 and a beta of 1.71. MACOM Technology Solutions has a one year low of $84.21 and a one year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share 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 2.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Susan Ocampo sold 300,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.13, for a total value of $37,239,000.00. Following the completion of the sale, the director now owns 4,823,636 shares of the company’s stock, valued at $598,757,936.68. This trade represents a 5.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO John Kober sold 2,250 shares of MACOM Technology Solutions stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total transaction of $292,702.50. Following the completion of the sale, the chief financial officer now owns 49,239 shares in the company, valued at approximately $6,405,501.51. This trade represents a 4.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 747,562 shares of company stock worth $92,693,081. 16.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MACOM Technology Solutions

Several hedge funds and other institutional investors have recently modified their holdings of MTSI. Citigroup Inc. boosted its position in MACOM Technology Solutions by 46.2% during the 3rd quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company’s stock valued at $7,672,000 after acquiring an additional 21,786 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in shares of MACOM Technology Solutions by 21.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock valued at $134,686,000 after purchasing an additional 210,151 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of MACOM Technology Solutions by 18.4% during the third quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock valued at $82,945,000 after purchasing an additional 116,090 shares in the last quarter. Algert Global LLC boosted its position in shares of MACOM Technology Solutions by 103.6% during the third quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company’s stock valued at $1,315,000 after purchasing an additional 6,015 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in MACOM Technology Solutions by 4.8% in the third quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company’s stock worth $113,044,000 after purchasing an additional 46,812 shares during the period. Hedge funds and other institutional investors 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.