The stock of MACOM Technology Solutions Holdings Inc. (NASDAQ:MTSI) last traded at $70.49, up 0.06% from the previous session.
MTSI stock price is now 6.93% away from the 50-day moving average and 19.36% away from the 200-day moving average. The market capitalization of the company currently stands at $4.89B.
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With the price target of $65, Exane BNP Paribas recently initiated with Neutral rating for MACOM Technology Solutions Holdings Inc. (NASDAQ: MTSI). On February 03, 2023, Northland Capital Downgraded its previous ‘Outperform’ rating to ‘Market Perform’ on the stock keeping its target price maintained at $65, while ‘Craig Hallum’ rates the stock as ‘Hold’.
In other news, Dennehy Robert, SVP, Operations sold 3,250 shares of the company’s stock on Feb 15. The stock was sold for $216,872 at an average price of $66.73. Upon completion of the transaction, the SVP, Operations now directly owns 55,699 shares in the company, valued at $3.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 14, President and CEO Daly Stephen G sold 35,000 shares of the business’s stock. A total of $2,366,000 was realized by selling the stock at an average price of $67.60. This leaves the insider owning 235,583 shares of the company worth $16.61 million. Insiders disposed of 3,630,626 shares of company stock worth roughly $255.92 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MTSI stock. A new stake in MACOM Technology Solutions Holdings Inc. shares was purchased by STATE OF TENNESSEE, TREASURY DEPARTMENT during the first quarter worth $4,934,000. CUBIST SYSTEMATIC STRATEGIES, LLC invested $3,320,000 in shares of MTSI during the first quarter. In the first quarter, APG ASSET MANAGEMENT N.V. acquired a new stake in MACOM Technology Solutions Holdings Inc. valued at approximately $2,904,000. AMUNDI acquired a new stake in MTSI for approximately $2,614,000. FIRST TRUST ADVISORS LP purchased a new stake in MTSI valued at around $1,982,000 in the second quarter. In total, there are 344 active investors with 76.80% ownership of the company’s stock.
With an opening price of $70.12 on Tuesday morning, MACOM Technology Solutions Holdings Inc. (NASDAQ: MTSI) set off the trading day. During the past 12 months, MACOM Technology Solutions Holdings Inc. has had a low of $42.85 and a high of $72.64. As of last week, the company has a debt-to-equity ratio of 0.70, a current ratio of 9.00, and a quick ratio of 7.70. The fifty day moving average price for MTSI is $65.92 and a two-hundred day moving average price translates $59.06 for the stock.
The latest earnings results from MACOM Technology Solutions Holdings Inc. (NASDAQ: MTSI) was released for Dec, 2022. According to the Semiconductors Company, earnings per share came in at $0.81, beating analysts’ expectations of $0.78 by 0.03. This compares to $1.95 EPS in the same period last year. The net profit margin was 47.50% and return on equity was 46.30% for MTSI. The company reported revenue of $180.1 million for the quarter, compared to $159.62 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.83 percent. For the current quarter, analysts expect MTSI to generate $168M in revenue.
MACOM Technology Solutions Holdings Inc.(MTSI) 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, Taiwan, Japan, Singapore, Thailand, South Korea, Australia, Malaysia, and internationally. The company offers a portfolio of standard and custom devices, including integrated circuits, multi-chip modules, diodes, amplifiers, switches and switch limiters, passive and active components, and subsystems. Its semiconductor products are electronic components that are incorporated in electronic systems, such as wireless base stations, high-capacity optical networks, radar, and medical systems and test and measurement applications. The company serves various markets comprising telecommunication that includes carrier infrastructure, which comprise long-haul/metro, 5G, and fiber-to-the-X/passive optical network; industrial and defense, including military and commercial radar, RF jammers, electronic countermeasures, and communication data links, as well as multi-market applications, such as industrial, medical, test and measurement, and scientific applications; and data centers. It sells its products through direct sales force, applications engineering staff, independent sales representatives, resellers, and distributors. The company was founded in 1950 and is headquartered in Lowell, Massachusetts.
