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

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $117.00.

A number of brokerages recently commented on MTSI. Benchmark restated a “buy” rating and set a $120.00 price target on shares of MACOM Technology Solutions in a research note on Thursday, September 12th. Stifel Nicolaus upped their price target on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Needham & Company LLC upped their price target on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. upped their price target on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Barclays upped their price target on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd.

Insiders Place Their Bets

In other news, SVP Robert Dennehy sold 6,915 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $101.38, for a total transaction of $701,042.70. Following the sale, the senior vice president now owns 19,481 shares in the company, valued at approximately $1,974,983.78. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, SVP Donghyun Thomas Hwang sold 5,000 shares of MACOM Technology Solutions stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $106.25, for a total transaction of $531,250.00. Following the completion of the sale, the senior vice president now directly owns 41,523 shares of the company’s stock, valued at approximately $4,411,818.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Robert Dennehy sold 6,915 shares of MACOM Technology Solutions stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $101.38, for a total transaction of $701,042.70. Following the sale, the senior vice president now directly owns 19,481 shares of the company’s stock, valued at $1,974,983.78. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 659,861 shares of company stock worth $69,961,783 in the last three months. 22.75% of the stock is currently owned by corporate insiders.

Institutional Trading of MACOM Technology Solutions

Hedge funds have recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC bought a new stake in MACOM Technology Solutions in the second quarter worth $39,000. GAMMA Investing LLC lifted its stake in MACOM Technology Solutions by 153.0% in the second quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 283 shares during the last quarter. Riverview Trust Co bought a new stake in MACOM Technology Solutions in the first quarter worth $47,000. FSC Wealth Advisors LLC bought a new stake in MACOM Technology Solutions in the second quarter worth $78,000. Finally, Fidelis Capital Partners LLC bought a new stake in MACOM Technology Solutions in the first quarter worth $77,000. 76.14% of the stock is owned by institutional investors.

MACOM Technology Solutions Stock Down 0.4 %

MACOM Technology Solutions stock opened at $109.79 on Tuesday. MACOM Technology Solutions has a twelve month low of $68.58 and a twelve month high of $118.76. The firm has a 50 day moving average price of $103.56 and a 200-day moving average price of $103.41. The company has a market capitalization of $7.92 billion, a P/E ratio of 124.76, a P/E/G ratio of 5.46 and a beta of 1.70. The company has a quick ratio of 6.33, a current ratio of 8.18 and a debt-to-equity ratio of 0.45.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.66. MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. The firm had revenue of $190.50 million during the quarter, compared to the consensus estimate of $190.42 million. During the same period in the prior year, the firm earned $0.42 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. As a group, equities analysts predict that MACOM Technology Solutions will post 1.89 EPS for the current 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.