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

Truist Financial began coverage on shares of MACOM Technology Solutions (NASDAQ:MTSI) in a note issued to investors on Friday, Marketbeat.com reports. The firm set a “buy” rating and a $125.00 price target on the semiconductor company’s stock. Truist Financial’s price target would suggest a potential upside of 27.79% from the stock’s current price.

A number of other research firms have also issued reports on MTSI. 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 research note on Monday, February 10th. Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note 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 target price for the company in a research note on Wednesday. Finally, Benchmark reaffirmed a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.25.

MACOM Technology Solutions Trading Down 1.5 %

Shares of MTSI opened at $97.82 on Friday. MACOM Technology Solutions has a twelve month low of $84.00 and a twelve month high of $152.50. The firm has a market capitalization of $7.27 billion, a P/E ratio of -67.93, a price-to-earnings-growth ratio of 2.42 and a beta of 1.72. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The stock’s fifty day simple moving average is $109.91 and its 200 day simple moving average is $121.90.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 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, equities research analysts forecast that MACOM Technology Solutions will post 2.43 earnings per share for the current year.

Insider Transactions at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 45,773 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $125.35, for a total value of $5,737,645.55. Following the completion of the sale, the director now directly owns 5,509,746 shares in the company, valued at approximately $690,646,661.10. The trade was a 0.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $133.00, for a total value of $978,215.00. Following the sale, the senior vice president now directly owns 43,657 shares in the company, valued at approximately $5,806,381. This represents a 14.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 743,948 shares of company stock valued at $92,210,640. Insiders own 16.30% of the company’s stock.

Institutional Trading of MACOM Technology Solutions

Several institutional investors have recently added to or reduced their stakes in MTSI. Quantinno Capital Management LP acquired a new position in shares of MACOM Technology Solutions in the 3rd quarter valued at about $251,000. EP Wealth Advisors LLC boosted its stake in MACOM Technology Solutions by 4.2% in the third quarter. EP Wealth Advisors LLC now owns 2,712 shares of the semiconductor company’s stock valued at $302,000 after acquiring an additional 110 shares during the period. M&T Bank Corp bought a new position in shares of MACOM Technology Solutions during the third quarter valued at approximately $221,000. Geode Capital Management LLC raised its position in shares of MACOM Technology Solutions by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company’s stock worth $113,044,000 after purchasing an additional 46,812 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of MACOM Technology Solutions in the 3rd quarter worth approximately $230,000. Institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Company Profile

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.