Evercore ISI Begins Coverage on MACOM Technology Solutions (NASDAQ:MTSI)

Evercore ISI assumed coverage on shares of MACOM Technology Solutions (NASDAQ:MTSI) in a report issued on Tuesday, Marketbeat reports. The brokerage issued an outperform rating and a $120.00 price objective on the semiconductor company’s stock.

Several other equities analysts have also weighed in on the company. TheStreet lowered MACOM Technology Solutions from a b rating to a c+ rating in a research note on Thursday, February 1st. Piper Sandler reissued a neutral rating and issued a $85.00 target price on shares of MACOM Technology Solutions in a research note on Thursday, January 4th. Barclays raised their price target on MACOM Technology Solutions from $80.00 to $105.00 and gave the stock an overweight rating in a research report on Tuesday, January 16th. Stifel Nicolaus raised their price target on MACOM Technology Solutions from $90.00 to $105.00 and gave the stock a buy rating in a research report on Tuesday, January 2nd. Finally, Needham & Company LLC raised their price target on MACOM Technology Solutions from $84.00 to $100.00 and gave the stock a buy rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $99.67.

MACOM Technology Solutions Trading Down 1.3 %

Shares of MTSI opened at $95.16 on Tuesday. MACOM Technology Solutions has a 12-month low of $48.53 and a 12-month high of $104.90. The stock’s fifty day simple moving average is $92.99 and its 200-day simple moving average is $86.81. The company has a quick ratio of 5.69, a current ratio of 7.24 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $6.86 billion, a PE ratio of 91.50, a price-to-earnings-growth ratio of 6.11 and a beta of 1.64.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. The firm had revenue of $157.15 million for the quarter, compared to analyst estimates of $151.12 million. As a group, research analysts predict that MACOM Technology Solutions will post 2.02 earnings per share for the current year.

Insider Activity at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 6,234 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $87.77, for a total value of $547,158.18. Following the sale, the senior vice president now owns 57,722 shares of the company’s stock, valued at approximately $5,066,259.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, SVP Donghyun Thomas Hwang sold 6,234 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $87.77, for a total value of $547,158.18. Following the sale, the senior vice president now owns 57,722 shares of the company’s stock, valued at approximately $5,066,259.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Robert Dennehy sold 2,370 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $88.88, for a total value of $210,645.60. Following the completion of the transaction, the senior vice president now owns 32,827 shares of the company’s stock, valued at $2,917,663.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 811,058 shares of company stock valued at $68,674,574. 22.75% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in MACOM Technology Solutions by 1.8% in the third quarter. Vanguard Group Inc. now owns 5,717,763 shares of the semiconductor company’s stock valued at $466,455,000 after purchasing an additional 101,938 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in MACOM Technology Solutions by 90.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,739,459 shares of the semiconductor company’s stock valued at $235,511,000 after purchasing an additional 1,777,798 shares in the last quarter. State Street Corp boosted its stake in shares of MACOM Technology Solutions by 6.8% during the 2nd quarter. State Street Corp now owns 2,420,793 shares of the semiconductor company’s stock worth $158,635,000 after acquiring an additional 153,759 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of MACOM Technology Solutions by 5.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,684,015 shares of the semiconductor company’s stock worth $100,822,000 after acquiring an additional 84,293 shares during the period. Finally, Artisan Partners Limited Partnership boosted its stake in shares of MACOM Technology Solutions by 29.0% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,128,382 shares of the semiconductor company’s stock worth $92,053,000 after acquiring an additional 253,396 shares during the period. 76.14% of the stock is currently 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.