MACOM Technology Solutions (NASDAQ:MTSI) Reaches New 12-Month Low – What’s Next?

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) reached a new 52-week low on Friday . The company traded as low as $84.10 and last traded at $89.66, with a volume of 1299665 shares trading hands. The stock had previously closed at $92.17.

Wall Street Analyst Weigh In

MTSI has been the subject of a number of analyst reports. Benchmark restated a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Northland Capmk upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Finally, Northland Securities upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and upped their price target for the company from $105.00 to $140.00 in a research report on Monday, February 10th. 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.50.

MACOM Technology Solutions Stock Performance

The stock has a 50 day moving average price of $114.42 and a two-hundred day moving average price of $122.28. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of -62.26, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. On average, analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Insider Activity

In related news, Director Susan Ocampo sold 97,527 shares of MACOM Technology Solutions stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $124.08, for a total value of $12,101,150.16. Following the completion of the sale, the director now directly owns 4,689,225 shares in the company, valued at $581,839,038. This trade represents a 2.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $133.00, for a total value of $978,215.00. Following the sale, the senior vice president now directly owns 43,657 shares of the company’s stock, valued at $5,806,381. This represents a 14.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 743,948 shares of company stock valued at $92,210,640. Company insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On MACOM Technology Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of MTSI. Elequin Capital LP bought a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at $26,000. Versant Capital Management Inc increased its holdings in MACOM Technology Solutions by 9,400.0% in the first quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 282 shares during the last quarter. UMB Bank n.a. increased its holdings in MACOM Technology Solutions by 74.3% in the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 101 shares during the last quarter. Empowered Funds LLC acquired a new position in MACOM Technology Solutions in the fourth quarter valued at about $33,000. Finally, SBI Securities Co. Ltd. bought a new position in MACOM Technology Solutions during the fourth quarter worth about $35,000. 76.14% of the stock is owned by institutional investors.

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.