Several other large investors also recently modified their holdings of MTSI. Vanguard Group Inc. boosted its stake in MACOM Technology Solutions by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,717,763 shares of the semiconductor company’s stock valued at $466,455,000 after buying an additional 101,938 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of MACOM Technology Solutions by 1,533.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,234,684 shares of the semiconductor company’s stock worth $114,765,000 after purchasing an additional 1,159,076 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of MACOM Technology Solutions by 4.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 539,249 shares of the semiconductor company’s stock worth $50,123,000 after purchasing an additional 23,788 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in MACOM Technology Solutions by 4.6% during the 4th quarter. Principal Financial Group Inc. now owns 517,283 shares of the semiconductor company’s stock valued at $48,081,000 after purchasing an additional 22,662 shares during the last quarter. Finally, Norges Bank bought a new position in MACOM Technology Solutions during the 4th quarter valued at about $44,250,000. 76.14% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on MTSI. Evercore ISI began coverage on shares of MACOM Technology Solutions in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $120.00 target price for the company. Jefferies Financial Group reiterated a “buy” rating and issued a $135.00 price objective (up previously from $100.00) on shares of MACOM Technology Solutions in a research report on Monday, May 13th. Benchmark boosted their price objective on MACOM Technology Solutions from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Needham & Company LLC raised their target price on MACOM Technology Solutions from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, Craig Hallum upped their price target on shares of MACOM Technology Solutions from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, MACOM Technology Solutions currently has an average rating of “Moderate Buy” and an average target price of $111.00.
Check Out Our Latest Research Report on MACOM Technology Solutions
MACOM Technology Solutions Price Performance
Shares of MTSI stock opened at $118.10 on Tuesday. The firm’s 50 day moving average price is $104.52 and its two-hundred day moving average price is $95.98. The company has a debt-to-equity ratio of 0.47, a quick ratio of 5.70 and a current ratio of 7.34. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $62.11 and a 52-week high of $118.45. The stock has a market cap of $8.52 billion, a PE ratio of 134.20, a PEG ratio of 5.83 and a beta of 1.70.
MACOM Technology Solutions (NASDAQ:MTSI – Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). MACOM Technology Solutions had a net margin of 10.01% and a return on equity of 12.67%. The company had revenue of $181.23 million during the quarter, compared to the consensus estimate of $180.97 million. As a group, analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 1.93 EPS for the current year.
Insider Transactions at MACOM Technology Solutions
In other MACOM Technology Solutions news, CFO John Kober sold 13,666 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $102.98, for a total transaction of $1,407,324.68. Following the completion of the transaction, the chief financial officer now owns 47,006 shares of the company’s stock, valued at approximately $4,840,677.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO John Kober sold 13,666 shares of MACOM Technology Solutions stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $102.98, for a total value of $1,407,324.68. Following the sale, the chief financial officer now owns 47,006 shares of the company’s stock, valued at $4,840,677.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan Ocampo sold 161,140 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $102.88, for a total value of $16,578,083.20. Following the completion of the sale, the director now directly owns 7,328,664 shares of the company’s stock, valued at approximately $753,972,952.32. The disclosure for this sale can be found here. Insiders have sold a total of 533,427 shares of company stock valued at $54,860,618 over the last three months. 22.75% of the stock is currently owned by corporate insiders.
About MACOM Technology Solutions
(Free Report)
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.
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