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

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) have received an average rating of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $130.50.

A number of brokerages have recently weighed in on MTSI. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Stifel Nicolaus reduced their price objective on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Bank of America reduced their price objective on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Benchmark restated a “buy” rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Friday, May 9th. Finally, Barclays boosted their price objective on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th.

Insider Buying and Selling

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 6,471 shares of the business’s stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total value of $647,100.00. Following the sale, the senior vice president now owns 35,603 shares of the company’s stock, valued at $3,560,300. The trade was a 15.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Susan Ocampo sold 300,000 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $123.58, for a total transaction of $37,074,000.00. Following the completion of the sale, the director now owns 4,377,764 shares in the company, valued at $541,004,075.12. This represents a 6.41% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 708,944 shares of company stock valued at $87,647,791. 16.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the company. United Services Automobile Association acquired a new stake in shares of MACOM Technology Solutions in the 1st quarter valued at $360,000. Petrus Trust Company LTA boosted its stake in shares of MACOM Technology Solutions by 32.4% in the 1st quarter. Petrus Trust Company LTA now owns 4,735 shares of the semiconductor company’s stock valued at $475,000 after purchasing an additional 1,160 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in shares of MACOM Technology Solutions by 12.8% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 17,504 shares of the semiconductor company’s stock valued at $1,757,000 after purchasing an additional 1,991 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of MACOM Technology Solutions by 2.4% in the 1st quarter. Alliancebernstein L.P. now owns 1,468,782 shares of the semiconductor company’s stock valued at $147,436,000 after purchasing an additional 34,214 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of MACOM Technology Solutions by 5,891.8% in the 1st quarter. AQR Capital Management LLC now owns 247,400 shares of the semiconductor company’s stock valued at $23,510,000 after purchasing an additional 243,271 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

MACOM Technology Solutions Price Performance

NASDAQ MTSI opened at $123.46 on Wednesday. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $9.18 billion, a PE ratio of -85.74, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36. The company has a 50 day moving average price of $105.45 and a two-hundred day moving average price of $121.06. MACOM Technology Solutions has a 12-month low of $84.00 and a 12-month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. The firm had revenue of $235.89 million during the quarter, compared to analysts’ expectations of $230.04 million. During the same period in the previous year, the company earned $0.59 earnings per share. The company’s revenue was up 30.2% compared to the same quarter last year. As a group, equities analysts predict that MACOM Technology Solutions will post 2.43 earnings per share for the current fiscal year.

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.