MACOM Technology Solutions (NASDAQ:MTSI) Shares Up 7.5% – Time to Buy?

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) traded up 7.5% during mid-day trading on Friday. The company traded as high as $324.07 and last traded at $324.3120. 285,947 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 1,433,237 shares. The stock had previously closed at $301.63.

Analyst Upgrades and Downgrades

MTSI has been the topic of a number of research analyst reports. BMO Capital Markets raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $335.00 price objective on the stock in a report on Friday, September 18th. Stifel Nicolaus raised their target price on MACOM Technology Solutions from $385.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Susquehanna dropped their price target on MACOM Technology Solutions from $350.00 to $300.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 21st. Benchmark started coverage on MACOM Technology Solutions in a report on Thursday, August 13th. They issued a “buy” rating and a $375.00 price objective on the stock. Finally, Wall Street Zen upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, MACOM Technology Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $341.25.

MACOM Technology Solutions Trading Up 7.9%

The stock has a market cap of $24.84 billion, a PE ratio of 104.52, a PEG ratio of 1.58 and a beta of 1.76. The company’s fifty day moving average is $274.41 and its 200-day moving average is $299.58. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.34 and a quick ratio of 1.78.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.05. The company had revenue of $342.24 million for the quarter, compared to the consensus estimate of $336.08 million. MACOM Technology Solutions had a return on equity of 17.82% and a net margin of 20.70%.The firm’s revenue for the quarter was up 35.8% compared to the same quarter last year. During the same period last year, the firm earned $0.90 EPS. MACOM Technology Solutions has set its Q4 2026 guidance at 1.970-2.030 EPS. On average, analysts predict that MACOM Technology Solutions Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Insider Activity

In other MACOM Technology Solutions news, CFO John Kober sold 7,389 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $326.08, for a total value of $2,409,405.12. Following the sale, the chief financial officer owned 33,583 shares in the company, valued at approximately $10,950,744.64. This represents a 18.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Robert Dennehy sold 252 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $275.20, for a total transaction of $69,350.40. Following the sale, the chief operating officer directly owned 12,758 shares in the company, valued at $3,511,001.60. The trade was a 1.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is owned by company insiders.

Institutional Trading of MACOM Technology Solutions

A number of hedge funds have recently added to or reduced their stakes in MTSI. Burkett Financial Services LLC purchased a new stake in shares of MACOM Technology Solutions during the 3rd quarter worth about $38,000. QRG Capital Management Inc. increased its stake in shares of MACOM Technology Solutions by 9.3% in the 2nd quarter. QRG Capital Management Inc. now owns 2,601 shares of the semiconductor company’s stock valued at $989,000 after purchasing an additional 222 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of MACOM Technology Solutions by 5.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,073 shares of the semiconductor company’s stock valued at $789,000 after purchasing an additional 107 shares in the last quarter. Tidal Investments LLC raised its holdings in MACOM Technology Solutions by 21.3% in the 2nd quarter. Tidal Investments LLC now owns 15,986 shares of the semiconductor company’s stock worth $6,081,000 after purchasing an additional 2,803 shares during the period. Finally, Engineers Gate Manager LP purchased a new position in MACOM Technology Solutions during the second quarter worth approximately $1,684,000. 76.14% of the stock is owned by hedge funds and other institutional investors.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc (NASDAQ: MTSI) is a semiconductor company that designs and manufactures high-performance products for telecommunications, data center, industrial, aerospace and defense applications. Its technologies support the generation, transmission, reception and processing of high-frequency signals across radio frequency, microwave, millimeter-wave and optical systems.

The company’s product portfolio includes amplifiers, switches, diodes, mixers, modulators, filters, integrated circuits and other components used in wireless infrastructure, optical networks, satellite communications, radar, electronic warfare and test and measurement equipment.