MACOM Technology Solutions (NASDAQ:MTSI) Upgraded to “Outperform” at Northland Securities

Northland Securities upgraded shares of MACOM Technology Solutions (NASDAQ:MTSI) from a market perform rating to an outperform rating in a report published on Monday,Benzinga reports. They currently have $140.00 price target on the semiconductor company’s stock, up from their prior price target of $105.00.

Several other research analysts have also issued reports on MTSI. Piper Sandler lifted their price target on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Barclays boosted their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, Benchmark increased their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, MACOM Technology Solutions has an average rating of “Moderate Buy” and a consensus price target of $131.50.

MACOM Technology Solutions Stock Performance

MTSI opened at $122.75 on Monday. MACOM Technology Solutions has a 1-year low of $81.14 and a 1-year high of $152.50. The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of -85.24, a price-to-earnings-growth ratio of 2.27 and a beta of 1.71. The business has a 50 day moving average price of $135.69 and a two-hundred day moving average price of $120.22. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 6.55.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results 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 positive return on equity of 12.42% and a negative net margin of 13.05%. Research analysts predict that MACOM Technology Solutions will post 2.71 EPS for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 25,351 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $130.05, for a total transaction of $3,296,897.55. Following the transaction, the director now owns 6,046,676 shares of the company’s stock, valued at $786,370,213.80. This represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO John Kober sold 19,470 shares of MACOM Technology Solutions stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $126.88, for a total value of $2,470,353.60. Following the completion of the sale, the chief financial officer now owns 51,489 shares of the company’s stock, valued at approximately $6,532,924.32. The trade was a 27.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 218,532 shares of company stock worth $27,902,795. 16.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Westfield Capital Management Co. LP boosted its stake in MACOM Technology Solutions by 21.0% in the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock valued at $134,686,000 after acquiring an additional 210,151 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of MACOM Technology Solutions by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company’s stock worth $113,044,000 after purchasing an additional 46,812 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of MACOM Technology Solutions by 18.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock worth $82,945,000 after purchasing an additional 116,090 shares during the last quarter. Jennison Associates LLC grew its stake in shares of MACOM Technology Solutions by 0.5% during the fourth quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company’s stock worth $69,172,000 after purchasing an additional 2,646 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in MACOM Technology Solutions by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company’s stock valued at $69,157,000 after purchasing an additional 1,719 shares during the last quarter. 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.