MACOM Technology Solutions (NASDAQ:MTSI) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of MACOM Technology Solutions (NASDAQ:MTSI – Get Rating) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the semiconductor company’s stock.

Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus increased their target price on shares of MACOM Technology Solutions from $75.00 to $82.00 in a report on Thursday, March 9th. Needham & Company LLC upped their price objective on MACOM Technology Solutions from $68.00 to $76.00 and gave the company a buy rating in a research note on Friday, February 3rd. Northland Securities downgraded MACOM Technology Solutions from an outperform rating to a market perform rating and set a $65.00 price objective for the company. in a research note on Friday, February 3rd. BNP Paribas started coverage on MACOM Technology Solutions in a research note on Tuesday, February 28th. They issued a neutral rating and a $65.00 price objective for the company. Finally, Craig Hallum downgraded MACOM Technology Solutions from a buy rating to a hold rating and lowered their price objective for the company from $73.00 to $65.00 in a research note on Wednesday, January 11th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, MACOM Technology Solutions presently has an average rating of Hold and a consensus target price of $68.91.

MACOM Technology Solutions Stock Down 2.0 %

MTSI stock opened at $68.88 on Thursday. The stock has a market capitalization of $4.87 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 3.00 and a beta of 1.91. The company has a current ratio of 9.04, a quick ratio of 7.74 and a debt-to-equity ratio of 0.70. MACOM Technology Solutions has a 12 month low of $42.85 and a 12 month high of $76.56. The firm has a 50-day moving average price of $67.35 and a 200-day moving average price of $62.91.

MACOM Technology Solutions (NASDAQ:MTSI – Get Rating) last posted its earnings results on Thursday, February 2nd. The semiconductor company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $180.10 million during the quarter, compared to analysts’ expectations of $179.48 million. MACOM Technology Solutions had a net margin of 47.53% and a return on equity of 24.60%. As a group, equities research analysts anticipate that MACOM Technology Solutions will post 2.4 EPS for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Robert Dennehy sold 3,250 shares of the stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $68.92, for a total transaction of $223,990.00. Following the completion of the sale, the senior vice president now owns 52,449 shares of the company’s stock, valued at approximately $3,614,785.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other MACOM Technology Solutions news, SVP Robert Dennehy sold 3,250 shares of the stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $68.92, for a total transaction of $223,990.00. Following the completion of the sale, the senior vice president now owns 52,449 shares of the company’s stock, valued at approximately $3,614,785.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John Kober sold 6,606 shares of the stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $66.27, for a total transaction of $437,779.62. Following the sale, the chief financial officer now directly owns 79,704 shares of the company’s stock, valued at approximately $5,281,984.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 199,671 shares of company stock valued at $13,486,151. 24.00% of the stock is currently owned by company insiders.

Institutional Trading of MACOM Technology Solutions

Large investors have recently modified their holdings of the stock. Riverview Trust Co acquired a new stake in shares of MACOM Technology Solutions during the 3rd quarter worth approximately $25,000. Ensign Peak Advisors Inc acquired a new stake in shares of MACOM Technology Solutions during the 3rd quarter worth approximately $29,000. SeaCrest Wealth Management LLC acquired a new stake in shares of MACOM Technology Solutions during the 2nd quarter worth approximately $37,000. Arcadia Investment Management Corp MI acquired a new stake in shares of MACOM Technology Solutions during the 4th quarter worth approximately $48,000. Finally, Belpointe Asset Management LLC acquired a new stake in shares of MACOM Technology Solutions during the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 74.93% of the company’s stock.

About MACOM Technology Solutions

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MACOM Technology Solutions Holdings, Inc engages in designing, developing, manufacturing, and marketing semiconductors and modules. The firm is involved in the provision of products for telecommunications (Telecom), industrial and defense (I&D), and data center industries. The company was founded on March 25, 2009 and is headquartered in Lowell, MA.