MACOM Technology Solutions (NASDAQ:MTSI) Receives New Coverage from Analysts at Evercore ISI

Evercore ISI assumed coverage on shares of MACOM Technology Solutions (NASDAQ:MTSI) in a research report report published on Tuesday morning, MarketBeat reports. The brokerage issued an outperform rating and a $120.00 price objective on the semiconductor company’s stock.

Several other research analysts have also commented on MTSI. Stifel Nicolaus raised their price objective on MACOM Technology Solutions from $90.00 to $105.00 and gave the company a buy rating in a research report on Tuesday, January 2nd. TheStreet lowered MACOM Technology Solutions from a b rating to a c+ rating in a research report on Thursday, February 1st. Needham & Company LLC lifted their target price on MACOM Technology Solutions from $84.00 to $100.00 and gave the stock a buy rating in a research report on Friday, February 2nd. Barclays lifted their target price on MACOM Technology Solutions from $80.00 to $105.00 and gave the stock an overweight rating in a research report on Tuesday, January 16th. Finally, Piper Sandler reaffirmed a neutral rating and set a $85.00 target price on shares of MACOM Technology Solutions in a research report on Thursday, January 4th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, MACOM Technology Solutions currently has an average rating of Moderate Buy and an average price target of $98.56.

MACOM Technology Solutions Trading Up 2.4 %

Shares of MTSI opened at $99.85 on Tuesday. The company has a current ratio of 7.24, a quick ratio of 5.69 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $7.20 billion, a P/E ratio of 96.01, a price-to-earnings-growth ratio of 6.23 and a beta of 1.64. The stock’s fifty day simple moving average is $92.42 and its 200 day simple moving average is $86.69. MACOM Technology Solutions has a twelve month low of $48.53 and a twelve month high of $104.59.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. The company had revenue of $157.15 million for the quarter, compared to analyst estimates of $151.12 million. On average, equities research analysts forecast that MACOM Technology Solutions will post 2.02 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Robert Dennehy sold 2,370 shares of MACOM Technology Solutions stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $88.88, for a total value of $210,645.60. Following the completion of the transaction, the senior vice president now directly owns 32,827 shares in the company, valued at $2,917,663.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Donghyun Thomas Hwang sold 9,397 shares of MACOM Technology Solutions stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $92.24, for a total value of $866,779.28. Following the completion of the transaction, the senior vice president now directly owns 48,325 shares in the company, valued at $4,457,498. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert Dennehy sold 2,370 shares of MACOM Technology Solutions stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $88.88, for a total value of $210,645.60. Following the completion of the transaction, the senior vice president now owns 32,827 shares of the company’s stock, valued at $2,917,663.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 811,058 shares of company stock worth $68,674,574. Corporate insiders own 22.75% of the company’s stock.

Hedge Funds Weigh In On MACOM Technology Solutions

A number of hedge funds have recently bought and sold shares of the company. Riverview Trust Co acquired a new position in MACOM Technology Solutions in the first quarter valued at approximately $47,000. Ensign Peak Advisors Inc acquired a new position in MACOM Technology Solutions in the third quarter valued at approximately $29,000. RiverPark Advisors LLC acquired a new position in MACOM Technology Solutions in the third quarter valued at approximately $58,000. Harvest Fund Management Co. Ltd acquired a new position in MACOM Technology Solutions in the fourth quarter valued at approximately $69,000. Finally, Point72 Middle East FZE acquired a new position in MACOM Technology Solutions in the fourth quarter valued at approximately $85,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

MACOM Technology Solutions Company Profile

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.