MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI – Get Rating) has received an average “Moderate Buy” recommendation from the ten rating firms currently covering the company, according to MarketBeat. Three equity research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The average 12-month price target of brokerages who have issued ratings on the stock in the last year is $67.88.
Several research companies have recently published reports on MTSI. Needham & Company LLC upped their target price on shares of MACOM Technology Solutions from $62.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, November 4th. Benchmark downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research report on Monday, November 7th. Craig Hallum downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating and lowered their price target for the company from $73.00 to $65.00 in a research report on Wednesday. Finally, StockNews.com downgraded shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th.
Volume up 1.7% on MACOM Technology Solutions
MTSI opened at $64.17 on Friday. MACOM Technology Solutions had a fifty-two-week low of $42.85 and a fifty-two-week high of $72.64. The company has a debt-to-equity ratio of 0.71, a current ratio of 8.36, and a quick ratio of 7.18. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 2.14, and a beta of 1.97. The company’s 50-day moving average is $66.28 and its 200-day moving average is $58.74.
MACOM Technology Solutions (NASDAQ: MTSI – Rated ) last reported quarterly earnings data on Thursday, November 3rd. The semiconductor company reported EPS of $0.64 for the quarter, beating analysts’ consensus estimate of $0.62 by $0.02. MACOM Technology Solutions has a net profit margin of 65.16% and a return on equity of 25.35%. The company’s revenue for the quarter came in at $178.14 million, compared with analyst estimates of $177.11 million. As a group, research analysts forecast MACOM Technology Solutions to trade at 2.42 times this year’s EPS.
insiders place bets
In other news from MACOM Technology Solutions, Senior Vice President Robert Dennehy sold 6,500 shares of the company’s stock in trading on Wednesday, November 2nd. The average selling price of these shares was $59.90, with a total transaction value of $389,350.00. Following the transaction, the senior vice president now owns 80,516 shares of the company, worth $4,822,908.40. The transaction was disclosed in a filing with the U.S. Securities and Exchange Commission, which can be accessed at this link. In other news, CEO Stephen G. Daly sold 50,000 shares of company stock in trading on Friday, November 4. The average selling price of these shares was $64.50 for a total value of $3,225,000.00. Following the sale, the CEO now owns 482,194 shares of the company, worth approximately $31,101,513. The transaction is disclosed in a filing with the U.S. Securities and Exchange Commission, which can be accessed via this hyperlink. Additionally, Senior Vice President Robert Dennehy sold 6,500 shares of the company in trading on Wednesday, November 2. The stock sold at an average price of $59.90 for a total transaction value of $389,350.00. Following the sale, the Senior Vice President now owns 80,516 shares of the company, worth approximately $4,822,908.40. The disclosure for this sale can be found here. In the past 90 days, insiders have sold 782,400 shares of the company stock worth $52,975,674. Insiders own 28.30% of the company.
Institutional Transactions on MACOM Technology Solutions
Some institutional investors have recently changed their positions with the firm. Vanguard Group Inc. increased its stake in MACOM Technology Solutions by 8.5 percent in the third quarter. Vanguard Group Inc. now owns 5,204,555 shares of the semiconductor company worth $269,545,000 after acquiring an additional 408,017 shares last quarter. FMR LLC improved its position in MACOM Technology Solutions by 7.1 percent in the second quarter. FMR LLC now owns 3,762,701 shares of the semiconductor company worth $173,460,000 after purchasing an additional 249,882 shares during that period. Price T Rowe Associates Inc. MD increased its position in MACOM Technology Solutions by 9,920.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 1,961,661 shares of the semiconductor company’s stock worth $101,596,000 after purchasing an additional 1,942,084 shares during that period. Goldman Sachs Group Inc. increased its position in MACOM Technology Solutions by 5.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,684,015 shares of the semiconductor company worth $100,822,000 after buying an additional 84,293 shares during that period. Finally, State Street Corp increased its position in MACOM Technology Solutions by 3.4% during the first quarter. State Street Corp now owns 1,563,743 shares of the semiconductor company, worth $93,621,000, after purchasing an additional 52,005 shares during that period. Institutional investors hold 74.93% of the company’s shares.
About MACOM Technology Solutions, Inc.
MACOM Technology Solutions Holdings, Inc and its subsidiaries design and manufacture analog semiconductor solutions for use in the United States, China, Taiwan, Japan, Singapore, Thailand, Korea, Australia, Malaysia and internationally.
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