MACOM Technology Solutions (MTSI) to Release Earnings on Thursday

MACOM Technology Solutions (NASDAQ:MTSI) is anticipated to post its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect MACOM Technology Solutions to post earnings of $0.78 per share and revenue of $214.92 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

MACOM Technology Solutions Stock Up 0.1 %

MTSI stock opened at $132.34 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55. The stock has a market capitalization of $9.84 billion, a price-to-earnings ratio of 128.49, a PEG ratio of 2.32 and a beta of 1.71. The business’s fifty day moving average price is $136.09 and its two-hundred day moving average price is $119.30. MACOM Technology Solutions has a fifty-two week low of $79.25 and a fifty-two week high of $152.50.

Insider Activity

In other news, SVP Donghyun Thomas Hwang sold 7,355 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $133.00, for a total transaction of $978,215.00. Following the completion of the transaction, the senior vice president now directly owns 43,657 shares in the company, valued at $5,806,381. This trade represents a 14.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ambra R. Roth sold 1,366 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $139.07, for a total value of $189,969.62. Following the transaction, the senior vice president now owns 6,564 shares of the company’s stock, valued at $912,855.48. This trade represents a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 220,032 shares of company stock valued at $28,080,365. 16.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MTSI has been the topic of a number of recent analyst reports. Northland Securities raised their price target on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th. Barclays raised their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Piper Sandler raised their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Benchmark raised their price target 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. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $128.00.

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.