MACOM Technology Solutions (NASDAQ:MTSI) Rating Increased to Strong-Buy at Northland Capmk

Northland Capmk upgraded shares of MACOM Technology Solutions (NASDAQ:MTSI) from a hold rating to a strong-buy rating in a report released on Monday,Zacks.com reports.

Several other brokerages have also weighed in on MTSI. Piper Sandler boosted their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Benchmark reiterated a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a report on Monday. Northland Securities upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $105.00 to $140.00 in a research note on Monday. Finally, Barclays boosted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.50.

MACOM Technology Solutions Stock Performance

MACOM Technology Solutions stock opened at $122.75 on Monday. MACOM Technology Solutions has a 52 week low of $81.14 and a 52 week high of $152.50. The company has a current ratio of 3.61, a quick ratio of 6.55 and a debt-to-equity ratio of 0.33. The stock has a market cap of $9.13 billion, a P/E ratio of -85.24, a price-to-earnings-growth ratio of 2.27 and a beta of 1.71. The stock has a 50 day moving average of $135.69 and a 200-day moving average of $120.22.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 EPS 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, analysts expect that MACOM Technology Solutions will post 2.71 EPS for the current fiscal year.

Insider Transactions at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 25,351 shares of the stock in a transaction on Wednesday, November 13th. The stock was 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 of the company’s stock, valued at approximately $786,370,213.80. This represents a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $133.00, for a total value of $978,215.00. Following the transaction, the senior vice president now directly owns 43,657 shares in the company, valued at $5,806,381. This trade represents a 14.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 218,532 shares of company stock worth $27,902,795. Insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On MACOM Technology Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. UMB Bank n.a. lifted its stake in shares of MACOM Technology Solutions by 74.3% in the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 101 shares during the period. Empowered Funds LLC acquired a new stake in MACOM Technology Solutions in the fourth quarter worth approximately $33,000. SBI Securities Co. Ltd. bought a new position in MACOM Technology Solutions during the 4th quarter valued at $35,000. ORG Wealth Partners LLC acquired a new position in shares of MACOM Technology Solutions during the 4th quarter valued at $36,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of MACOM Technology Solutions by 97.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after buying an additional 138 shares in the last quarter. 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.