MACOM Technology Solutions (NASDAQ:MTSI) Earns Buy Rating from Benchmark

Benchmark reiterated their buy rating on shares of MACOM Technology Solutions (NASDAQ:MTSI) in a research note published on Monday,Benzinga reports. The brokerage currently has a $160.00 price target on the semiconductor company’s stock.

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

MACOM Technology Solutions Stock Performance

Shares of MTSI stock opened at $121.87 on Monday. MACOM Technology Solutions has a one year low of $81.14 and a one year high of $152.50. The company’s 50-day moving average is $134.90 and its 200 day moving average is $120.38. The company has a market capitalization of $9.06 billion, a price-to-earnings ratio of -84.63, a price-to-earnings-growth ratio of 2.27 and a beta of 1.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.55 and a current ratio of 3.61.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate 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%. Sell-side 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, CFO John Kober sold 19,470 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $126.88, for a total value of $2,470,353.60. Following the transaction, the chief financial officer now owns 51,489 shares in the company, valued at $6,532,924.32. This represents a 27.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Ambra R. Roth sold 1,366 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $139.07, for a total transaction of $189,969.62. Following the completion of the transaction, the senior vice president now owns 6,564 shares in the company, valued at $912,855.48. This trade represents a 17.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 238,954 shares of company stock worth $30,343,543 in the last quarter. Company insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On MACOM Technology Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTSI. UMB Bank n.a. raised its stake in MACOM Technology Solutions by 74.3% during 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 bought a new stake in MACOM Technology Solutions during the 4th quarter worth approximately $33,000. SBI Securities Co. Ltd. bought a new stake in MACOM Technology Solutions during the 4th quarter worth approximately $35,000. ORG Wealth Partners LLC bought a new stake in MACOM Technology Solutions during the 4th quarter worth approximately $36,000. Finally, Smartleaf Asset Management LLC raised its stake in MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 138 shares during the period. 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.