MACOM Technology Solutions (NASDAQ:MTSI) Hits New 1-Year Low – Time to Sell?

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) shares hit a new 52-week low during trading 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.

Analyst Ratings Changes

Several research firms have weighed in on MTSI. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $105.00 to $140.00 in a research note on Monday, February 10th. Benchmark reiterated a “buy” rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a report on Monday, February 10th. Finally, Northland Capmk raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.50.

MACOM Technology Solutions Stock Down 2.7 %

The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The business has a 50-day simple moving average of $114.42 and a 200-day simple moving average of $122.28. The stock has a market cap of $6.67 billion, a P/E ratio of -62.26, a PEG ratio of 2.42 and a beta of 1.74.

MACOM Technology Solutions (NASDAQ:MTSI) last posted 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 negative net margin of 13.05% and a positive return on equity of 12.42%. Analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $133.00, for a total value of $978,215.00. Following the transaction, the senior vice president now directly owns 43,657 shares of the company’s stock, valued at $5,806,381. The trade was a 14.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Susan Ocampo sold 97,527 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were 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 of the company’s stock, valued at $581,839,038. This represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 743,948 shares of company stock worth $92,210,640. Company insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Elequin Capital LP bought a new position in MACOM Technology Solutions during the fourth quarter valued at about $26,000. UMB Bank n.a. grew its holdings in shares of MACOM Technology Solutions by 74.3% during the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 101 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. acquired a new position in shares of MACOM Technology Solutions in the fourth quarter valued at $35,000. Finally, ORG Wealth Partners LLC bought a new position in MACOM Technology Solutions in the fourth quarter worth $36,000. 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.