MACOM Technology Solutions Holdings Inc [MTSI] stock is trading at $101.95, down -1.97%. An important factor to consider is whether the stock is rising or falling in short-term value. The MTSI shares have gain 3.19% over the last week, with a monthly amount glided 4.44%, 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.
MACOM Technology Solutions Holdings Inc [MTSI] stock has fluctuated between $48.53 and $104.90 over the past year. Currently, Wall Street analysts expect the stock to reach $89.71 within the next 12 months. MACOM Technology Solutions Holdings Inc [NASDAQ: MTSI] shares were valued at $101.95 at the most recent close of the market. An investor can expect a potential drop of -12.01% based on the average MTSI price forecast.
Analyzing the MTSI fundamentals
MACOM Technology Solutions Holdings Inc [NASDAQ:MTSI] reported sales of 625.45M for the trailing twelve months, which represents 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.47.
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 101.02 points at the first support level, and at 100.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 103.75, and for the 2nd resistance point, it is at 105.54.
MACOM Technology Solutions Holdings Inc [MTSI] reported earnings per share of $0.58 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.57/share, meaning a difference of $0.01 and a surprise factor of 1.80%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.56 per share as compared to estimates of $0.56 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
For context, MACOM Technology Solutions Holdings Inc’s Current Ratio is 7.24. On the other hand, the Quick Ratio is 5.69, and the Cash Ratio is 1.59. Considering the valuation of this stock, the price to sales ratio is 11.75, the price to book ratio is 7.18 and price to earnings (TTM) ratio is 97.99.
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.
