Truist Financial Begins Coverage on MACOM Technology Solutions (NASDAQ:MTSI)

Research analysts at Truist Financial began coverage on shares of MACOM Technology Solutions (NASDAQ:MTSI) in a report issued on Friday,Benzinga reports. The brokerage set a “buy” rating and a $125.00 price target on the semiconductor company’s stock. Truist Financial’s price objective points to a potential upside of 25.92% from the stock’s current price.

MTSI has been the subject of several other reports. Northland Securities upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their target price for the company from $105.00 to $140.00 in a report on Monday, February 10th. Benchmark restated a “buy” rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a report on Monday, February 10th. BNP Paribas upgraded shares of MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price target for the company in a report on Wednesday. Finally, Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, MACOM Technology Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.25.

MACOM Technology Solutions Stock Down 6.9 %

Shares of MTSI opened at $99.27 on Friday. MACOM Technology Solutions has a 1 year low of $84.00 and a 1 year high of $152.50. 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 stock has a 50 day simple moving average of $110.60 and a two-hundred day simple moving average of $121.95. The firm has a market cap of $7.38 billion, a P/E ratio of -68.94, a P/E/G ratio of 2.42 and a beta of 1.72.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data 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%. On average, analysts forecast that MACOM Technology Solutions will post 2.43 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Susan Ocampo sold 300,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $124.13, for a total value of $37,239,000.00. Following the sale, the director now directly owns 4,823,636 shares of the company’s stock, valued at $598,757,936.68. This represents a 5.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $133.00, for a total transaction of $978,215.00. Following the completion of the sale, the senior vice president now owns 43,657 shares in the company, valued at approximately $5,806,381. This trade represents a 14.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 743,948 shares of company stock valued at $92,210,640. Corporate insiders own 16.30% of the company’s stock.

Institutional Trading of MACOM Technology Solutions

Hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers boosted its holdings in MACOM Technology Solutions by 4.4% in the first quarter. Rhumbline Advisers now owns 156,073 shares of the semiconductor company’s stock worth $15,667,000 after acquiring an additional 6,536 shares in the last quarter. GAMMA Investing LLC boosted its stake in MACOM Technology Solutions by 12,383.2% in the 1st quarter. GAMMA Investing LLC now owns 146,053 shares of the semiconductor company’s stock worth $14,661,000 after purchasing an additional 144,883 shares in the last quarter. Versant Capital Management Inc grew its position in MACOM Technology Solutions by 9,400.0% during the 1st 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. Wellington Management Group LLP bought a new stake in MACOM Technology Solutions during the 4th quarter valued at about $14,645,000. Finally, GTS Securities LLC purchased a new position in MACOM Technology Solutions in the fourth quarter worth about $227,000. 76.14% of the stock is owned by institutional investors.

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.