MACOM Technology Solutions (NASDAQ:MTSI) Shares Down 15.3% – What’s Next?

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) shares fell 15.3% during mid-day trading on Monday . The stock traded as low as $123.93 and last traded at $122.07. 349,609 shares were traded during trading, a decline of 41% from the average session volume of 590,952 shares. The stock had previously closed at $144.17.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MTSI shares. Barclays lifted their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Benchmark upped their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Piper Sandler increased their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Northland Securities boosted their target price on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, MACOM Technology Solutions presently has an average rating of “Moderate Buy” and an average price target of $128.00.

MACOM Technology Solutions Trading Up 1.3 %

The firm has a market capitalization of $9.21 billion, a price-to-earnings ratio of 120.31, a PEG ratio of 2.58 and a beta of 1.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.55 and a current ratio of 8.35. The company has a 50-day moving average price of $136.22 and a 200-day moving average price of $118.74.

Insider Activity at MACOM Technology Solutions

In other news, CFO John Kober sold 2,250 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $130.09, for a total value of $292,702.50. Following the completion of the sale, the chief financial officer now directly owns 49,239 shares of the company’s stock, valued at approximately $6,405,501.51. The trade was a 4.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen G. Daly sold 7,122 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $112.53, for a total value of $801,438.66. Following the transaction, the chief executive officer now owns 55,826 shares in the company, valued at $6,282,099.78. This represents a 11.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 219,799 shares of company stock valued at $27,903,589 over the last three months. 16.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

Several large investors have recently modified their holdings of the company. Entropy Technologies LP purchased a new stake in MACOM Technology Solutions in the 4th quarter valued at $1,467,000. Empowered Funds LLC purchased a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at about $33,000. EULAV Asset Management acquired a new stake in shares of MACOM Technology Solutions during the fourth quarter worth about $9,749,000. Lecap Asset Management Ltd. purchased a new position in shares of MACOM Technology Solutions during the fourth quarter worth about $1,861,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in MACOM Technology Solutions by 11.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,778 shares of the semiconductor company’s stock valued at $361,000 after acquiring an additional 286 shares during the period. 76.14% of the stock is owned by institutional investors and hedge funds.

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.