MACOM Technology Solutions (NASDAQ:MTSI) Coverage Initiated by Analysts at Evercore ISI

Evercore ISI initiated coverage on shares of MACOM Technology Solutions (NASDAQ:MTSI) in a research report sent to investors on Tuesday, MarketBeat.com reports. The firm issued an outperform rating and a $120.00 price objective on the semiconductor company’s stock.

Several other equities analysts also recently issued reports on MTSI. Needham & Company LLC lifted their price target on shares of MACOM Technology Solutions from $84.00 to $100.00 and gave the company a buy rating in a report on Friday, February 2nd. Stifel Nicolaus boosted their target price on shares of MACOM Technology Solutions from $90.00 to $105.00 and gave the stock a buy rating in a research note on Tuesday, January 2nd. Piper Sandler reaffirmed a neutral rating and issued a $85.00 target price on shares of MACOM Technology Solutions in a research note on Thursday, January 4th. Barclays boosted their target price on shares of MACOM Technology Solutions from $80.00 to $105.00 and gave the stock an overweight rating in a research note on Tuesday, January 16th. Finally, TheStreet downgraded shares of MACOM Technology Solutions from a b rating to a c+ rating in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, MACOM Technology Solutions currently has an average rating of Moderate Buy and an average price target of $99.67.

MACOM Technology Solutions Trading Down 2.5 %

Shares of MTSI stock opened at $92.81 on Tuesday. MACOM Technology Solutions has a 12-month low of $48.53 and a 12-month high of $104.90. The company has a market capitalization of $6.69 billion, a P/E ratio of 89.24, a P/E/G ratio of 6.11 and a beta of 1.64. The firm has a 50-day moving average price of $93.17 and a 200 day moving average price of $86.89. The company has a quick ratio of 5.69, a current ratio of 7.24 and a debt-to-equity ratio of 0.48.

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

Insider Buying and Selling

In related news, SVP Wayne Mack Struble sold 1,019 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $86.12, for a total transaction of $87,756.28. Following the completion of the sale, the senior vice president now directly owns 15,649 shares of the company’s stock, valued at $1,347,691.88. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Susan Ocampo sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $82.39, for a total transaction of $16,478,000.00. Following the completion of the transaction, the director now owns 7,645,668 shares in the company, valued at $629,926,586.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Wayne Mack Struble sold 1,019 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $86.12, for a total transaction of $87,756.28. Following the transaction, the senior vice president now owns 15,649 shares of the company’s stock, valued at approximately $1,347,691.88. The disclosure for this sale can be found here. Insiders sold a total of 811,058 shares of company stock valued at $68,674,574 over the last ninety days. Insiders own 22.75% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in MACOM Technology Solutions by 1.8% during the third quarter. Vanguard Group Inc. now owns 5,717,763 shares of the semiconductor company’s stock valued at $466,455,000 after purchasing an additional 101,938 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in MACOM Technology Solutions by 90.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,739,459 shares of the semiconductor company’s stock valued at $235,511,000 after purchasing an additional 1,777,798 shares during the period. State Street Corp boosted its holdings in shares of MACOM Technology Solutions by 6.8% in the second quarter. State Street Corp now owns 2,420,793 shares of the semiconductor company’s stock valued at $158,635,000 after buying an additional 153,759 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of MACOM Technology Solutions by 5.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,684,015 shares of the semiconductor company’s stock valued at $100,822,000 after buying an additional 84,293 shares during the period. Finally, Artisan Partners Limited Partnership boosted its holdings in shares of MACOM Technology Solutions by 29.0% in the third quarter. Artisan Partners Limited Partnership now owns 1,128,382 shares of the semiconductor company’s stock valued at $92,053,000 after buying an additional 253,396 shares during the period. Institutional investors and hedge funds 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.