MACOM Technology Solutions (NASDAQ:MTSI) Raised to Strong-Buy at Northland Capmk

MACOM Technology Solutions (NASDAQ:MTSI) was upgraded by stock analysts at Northland Capmk from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

MTSI has been the subject of a number of other research reports. Benchmark reissued a “buy” rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research note on Monday. Piper Sandler boosted their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Barclays raised their price target on 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, Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $105.00 to $140.00 in a research note on Monday. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MACOM Technology Solutions presently has an average rating of “Moderate Buy” and an average price target of $131.50.

MACOM Technology Solutions Stock Down 3.5 %

NASDAQ: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 firm has a market capitalization of $9.13 billion, a price-to-earnings ratio of -85.24, a PEG ratio of 2.27 and a beta of 1.71. The company has a current ratio of 3.61, a quick ratio of 6.55 and a debt-to-equity ratio of 0.33. The business’s fifty day moving average price is $135.69 and its 200 day moving average price is $120.22.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. On average, sell-side analysts forecast that MACOM Technology Solutions will post 2.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction on Monday, January 27th. The shares were sold at an average price of $133.00, for a total value of $978,215.00. Following the transaction, the senior vice president now owns 43,657 shares in the company, valued at $5,806,381. This trade represents a 14.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Susan Ocampo sold 25,351 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $130.05, for a total transaction of $3,296,897.55. Following the sale, the director now owns 6,046,676 shares of the company’s stock, valued at $786,370,213.80. This trade represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 218,532 shares of company stock valued at $27,902,795 over the last 90 days. 16.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MACOM Technology Solutions

Several large investors have recently made changes to their positions in MTSI. Westfield Capital Management Co. LP lifted its holdings in shares of MACOM Technology Solutions by 21.0% during the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after buying an additional 210,151 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in MACOM Technology Solutions by 52.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company’s stock worth $59,037,000 after acquiring an additional 182,058 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in 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 valued at $82,945,000 after purchasing an additional 116,090 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in MACOM Technology Solutions in the 3rd quarter valued at $11,005,000. Finally, Assenagon Asset Management S.A. acquired a new stake in MACOM Technology Solutions in the 3rd quarter worth $8,916,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

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.