MACOM Technology Solutions Holdings Inc [MTSI] stock prices are up 2.40% to $99.85 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MTSI shares have lost -2.85% over the last week, with a monthly amount glided 11.58%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
MACOM Technology Solutions Holdings Inc [NASDAQ: MTSI] stock has seen the most recent analyst activity on April 16, 2024, when Evercore ISI initiated its Outperform rating and assigned the stock a price target of $120. Previously, Piper Sandler downgraded its rating to Neutral on January 04, 2024, and kept the price target unchanged to $85. On December 15, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $105 on the stock. Craig Hallum upgraded its rating to a Buy and increased its price target to $110 on September 06, 2023. The Benchmark Company upgraded its rating to a Buy but $92 remained the price target by the analyst firm on August 28, 2023. BofA Securities downgraded its rating to Neutral for this stock on July 18, 2023, but kept the price target unchanged to $72. In a note dated May 05, 2023, TD Cowen reiterated an Outperform rating on this stock and revised its target price from $75 to $65.
The stock price of MACOM Technology Solutions Holdings Inc [MTSI] has been fluctuating between $48.53 and $104.59 over the past year. Currently, Wall Street analysts expect the stock to reach $85.5 within the next 12 months. MACOM Technology Solutions Holdings Inc [NASDAQ: MTSI] shares were valued at $99.85 at the most recent close of the market. An investor can expect a potential drop of -14.37% based on the average MTSI price forecast.
Analyzing the MTSI fundamentals
The MACOM Technology Solutions Holdings Inc [NASDAQ:MTSI] reported sales of 625.45M for trailing twelve months, representing a drop of -12.75%. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.08 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.47.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 98.00 points at the first support level, and at 96.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 100.98, and for the 2nd resistance point, it is at 102.11.
Ratios To Look Out For
It’s worth pointing out that MACOM Technology Solutions Holdings Inc [NASDAQ:MTSI]’s Current Ratio is 7.24. As well, the Quick Ratio is 5.69, while the Cash Ratio is 1.59. Considering the valuation of this stock, the price to sales ratio is 11.51, the price to book ratio is 7.03 and price to earnings (TTM) ratio is 95.97.
Transactions by insiders
Recent insider trading involved Dennehy Robert, SVP, Operations, that happened on Mar 15 ’24 when 2370.0 shares were sold. SVP, Global Sales, Hwang Donghyun Thomas completed a deal on Mar 11 ’24 to sell 9397.0 shares. Meanwhile, Director OCAMPO SUSAN sold 34186.0 shares on Feb 29 ’24.
