MACOM Technology Solutions (MTSI) to Release Quarterly Earnings on Thursday

MACOM Technology Solutions (NASDAQ:MTSI) will likely be releasing its earnings data before the market opens on Thursday, February 6th. Analysts expect MACOM Technology Solutions to post earnings of $0.78 per share and revenue of $214.92 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

MACOM Technology Solutions Stock Up 2.4 %

Shares of MACOM Technology Solutions stock opened at $126.90 on Thursday. MACOM Technology Solutions has a 12-month low of $79.25 and a 12-month high of $152.50. The stock has a market capitalization of $9.43 billion, a P/E ratio of 123.21, a PEG ratio of 2.58 and a beta of 1.71. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average price of $136.20 and a two-hundred day moving average price of $118.80.

Insider Buying and Selling at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $118.38, for a total transaction of $177,570.00. Following the completion of the sale, the senior vice president now directly owns 37,102 shares of the company’s stock, valued at $4,392,134.76. The trade was a 3.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO John Kober sold 19,470 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $126.88, for a total transaction of $2,470,353.60. Following the sale, the chief financial officer now owns 51,489 shares of the company’s stock, valued at $6,532,924.32. The trade was a 27.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 220,032 shares of company stock worth $28,080,365. 16.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Benchmark upped their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a report on Friday, November 8th. Northland Securities upped their price target on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a report on Monday, November 11th. Barclays raised their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, Piper Sandler upped their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.00.

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.