MACOM Technology Solutions (NASDAQ:MTSI) Reaches New 1-Year High at $107.19

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSIGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $107.19 and last traded at $107.06, with a volume of 417431 shares trading hands. The stock had previously closed at $104.24.

Analyst Ratings Changes

MTSI has been the subject of a number of recent research reports. Benchmark boosted their target price on shares of MACOM Technology Solutions from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Craig Hallum boosted their target price on shares of MACOM Technology Solutions from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Evercore ISI assumed coverage on shares of MACOM Technology Solutions in a report on Tuesday, April 16th. They set an “outperform” rating and a $120.00 price target for the company. Jefferies Financial Group reissued a “buy” rating and issued a $135.00 price objective (up from $100.00) on shares of MACOM Technology Solutions in a research note on Monday, May 13th. Finally, Stifel Nicolaus upped their target price on MACOM Technology Solutions from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $111.00.

Get Our Latest Research Report on MACOM Technology Solutions

MACOM Technology Solutions Stock Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 7.34 and a quick ratio of 5.70. The stock has a 50-day simple moving average of $101.43 and a 200-day simple moving average of $93.94. The stock has a market cap of $7.73 billion, a P/E ratio of 121.80, a PEG ratio of 5.47 and a beta of 1.67.

MACOM Technology Solutions (NASDAQ:MTSIGet Free Report) last released its earnings results on Thursday, May 2nd. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). The business had revenue of $181.23 million during the quarter, compared to the consensus estimate of $180.97 million. MACOM Technology Solutions had a net margin of 10.01% and a return on equity of 12.67%. Research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 1.93 earnings per share for the current year.

Insider Transactions at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 75,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $103.02, for a total transaction of $7,726,500.00. Following the sale, the director now directly owns 7,912,681 shares in the company, valued at $815,164,396.62. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Charles R. Bland sold 2,500 shares of MACOM Technology Solutions stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $102.39, for a total value of $255,975.00. Following the transaction, the director now directly owns 26,439 shares of the company’s stock, valued at $2,707,089.21. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Susan Ocampo sold 75,000 shares of MACOM Technology Solutions stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $103.02, for a total value of $7,726,500.00. Following the completion of the transaction, the director now directly owns 7,912,681 shares in the company, valued at $815,164,396.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 533,427 shares of company stock worth $54,860,618. Insiders own 22.75% of the company’s stock.

Hedge Funds Weigh In On MACOM Technology Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of MACOM Technology Solutions in the fourth quarter worth approximately $44,250,000. G2 Investment Partners Management LLC acquired a new position in shares of MACOM Technology Solutions in the fourth quarter worth approximately $2,198,000. Price T Rowe Associates Inc. MD lifted its stake in shares of MACOM Technology Solutions by 1,533.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,234,684 shares of the semiconductor company’s stock worth $114,765,000 after acquiring an additional 1,159,076 shares during the period. Public Employees Retirement Association of Colorado lifted its stake in shares of MACOM Technology Solutions by 2,240.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 102,029 shares of the semiconductor company’s stock worth $9,484,000 after acquiring an additional 97,669 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of MACOM Technology Solutions by 1.8% in the third quarter. Vanguard Group Inc. now owns 5,717,763 shares of the semiconductor company’s stock worth $466,455,000 after acquiring an additional 101,938 shares during the period. 76.14% of the stock is owned by institutional investors and hedge funds.

MACOM Technology Solutions Company Profile

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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.

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