MACOM Technology Solutions (MTSI) Trading Up 7.3%

MACOM Technology Solutions (NASDAQ:MTSI)’s share price traded up 7.3% during mid-day trading on Tuesday . The company traded as high as $19.35 and last traded at $18.80. 1,531,303 shares changed hands during trading, an increase of 9% from the average session volume of 1,405,695 shares. The stock had previously closed at $17.52.

A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded MACOM Technology Solutions from a “strong sell” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Wednesday, January 17th. DA Davidson upgraded MACOM Technology Solutions from a “neutral” rating to a “buy” rating and raised their target price for the stock from $32.00 to $43.00 in a report on Friday, January 5th. BidaskClub upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. ValuEngine upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, JPMorgan Chase cut MACOM Technology Solutions from an “overweight” rating to a “neutral” rating in a report on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.73.

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The stock has a market capitalization of $1,210.83, a P/E ratio of 9.32 and a beta of 1.60. The company has a quick ratio of 4.00, a current ratio of 5.70 and a debt-to-equity ratio of 0.89.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.03). The business had revenue of $130.93 million for the quarter, compared to analyst estimates of $132.91 million. MACOM Technology Solutions had a positive return on equity of 10.35% and a negative net margin of 28.19%. The company’s revenue for the quarter was down 13.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 EPS. equities research analysts predict that MACOM Technology Solutions will post -0.06 earnings per share for the current fiscal year.

In other news, SVP Donghyun Thomas Hwang bought 2,500 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were acquired at an average price of $21.70 per share, with a total value of $54,250.00. Following the transaction, the senior vice president now owns 35,501 shares in the company, valued at $770,371.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Robert Dennehy bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was purchased at an average cost of $20.43 per share, for a total transaction of $204,300.00. Following the transaction, the senior vice president now owns 66,556 shares in the company, valued at approximately $1,359,739.08. The disclosure for this purchase can be found here. In the last three months, insiders sold 750 shares of company stock worth $16,938. 32.20% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in MTSI. J. Goldman & Co LP acquired a new position in shares of MACOM Technology Solutions during the 4th quarter worth approximately $1,901,000. MetLife Investment Advisors LLC acquired a new position in shares of MACOM Technology Solutions during the 4th quarter worth approximately $618,000. Macquarie Group Ltd. increased its position in shares of MACOM Technology Solutions by 6.8% during the 4th quarter. Macquarie Group Ltd. now owns 708,987 shares of the semiconductor company’s stock worth $23,072,000 after purchasing an additional 45,115 shares during the last quarter. Two Sigma Advisers LP acquired a new position in shares of MACOM Technology Solutions during the 4th quarter worth approximately $611,000. Finally, Cramer Rosenthal Mcglynn LLC increased its position in shares of MACOM Technology Solutions by 3.0% during the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 978,693 shares of the semiconductor company’s stock worth $31,847,000 after purchasing an additional 28,641 shares during the last quarter. 90.36% of the stock is currently owned by institutional investors and hedge funds.

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MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and photonic semiconductor solutions in the United States, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, which include integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems for more than 60 product lines.

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