MACOM Technology Solutions (NASDAQ:MTSI) Upgraded to Outperform at Northland Securities

MACOM Technology Solutions (NASDAQ:MTSI) was upgraded by investment analysts at Northland Securities from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a $140.00 target price on the semiconductor company’s stock, up from their prior target price of $105.00. Northland Securities’ target price indicates a potential upside of 10.05% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the company. Benchmark raised their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Piper Sandler boosted their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Barclays upped their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $131.50.

MACOM Technology Solutions Trading Down 1.8 %

Shares of MTSI stock opened at $127.21 on Monday. The company has a current ratio of 3.61, a quick ratio of 6.55 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions has a twelve month low of $80.40 and a twelve month high of $152.50. The company’s 50-day moving average price is $135.97 and its 200-day moving average price is $120.04. The stock has a market cap of $9.46 billion, a price-to-earnings ratio of -88.34, a PEG ratio of 2.27 and a beta of 1.71.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing the consensus estimate 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%. As a group, equities analysts predict that MACOM Technology Solutions will post 2.71 earnings per share for the current year.

Insider Activity at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 105,782 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $123.67, for a total value of $13,082,059.94. Following the sale, the director now directly owns 5,914,008 shares in the company, valued at approximately $731,385,369.36. This trade represents a 1.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John Kober sold 19,470 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $126.88, for a total transaction of $2,470,353.60. Following the transaction, the chief financial officer now owns 51,489 shares of the company’s stock, valued at approximately $6,532,924.32. The trade was a 27.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 218,532 shares of company stock worth $27,902,795. Corporate insiders own 16.30% of the company’s stock.

Institutional Trading of MACOM Technology Solutions

A number of institutional investors have recently bought and sold shares of MTSI. UMB Bank n.a. raised its position 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 acquiring an additional 101 shares in the last quarter. Empowered Funds LLC purchased a new position in MACOM Technology Solutions in the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. acquired a new stake in MACOM Technology Solutions during the fourth quarter worth approximately $35,000. ORG Wealth Partners LLC acquired a new stake in MACOM Technology Solutions during the fourth quarter worth approximately $36,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after buying an additional 138 shares during the last quarter. 76.14% of the stock is owned by hedge funds and other 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.