MACOM Technology Solutions Holdings Inc. (NASDAQ:MTSI) saw an upside of 3.85% to $80.62 after adding $2.99on Wednesday. The 5-day average trading volume is 516,296 shares of the company’s common stock. It has gained $81.54 in the past week and touched a new high 3 times within the past 5 days. An average of 473,589 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 464,064.
MTSI’s 1-month performance is 18.45% or $15.06 on its low of $65.18 reached on 07/24/23. The company’s shares have touched a 52-week low of $48.53 and high of $77.72, with the stock’s rally to the 52-week high happening on 08/23/23. YTD, MTSI has achieved 28.01% or $17.50 and has reached a new high 17 times. However, the current price is up 3.73% from the 52-week high price.
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Insider Transactions
MTSI stock investors last saw insider trading activity on Aug 16.Dennehy Robert (SVP, Operations) most recently sold 3,206 shares at $75.31 per share on Aug 16. This transaction cost the insider $241,445. SVP, Operations, Dennehy Robert, sold 3,250 shares at a price of $65.80 on Jul 19. Then, on Jun 21, SVP, Operations Dennehy Robert sold 3,250 shares at a price of $61.07 per share. This transaction amounted to $198,478.
Valuation Metrics
MTSI stock has a beta of 1.79. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.41 while the price-to-book (PB) in the most recent quarter is 6.25, with the price to cash flow ratio at 37.91.
MACOM Technology Solutions Holdings Inc.’s quick ratio for the period ended June 29 was 3.40, with the current ratio over the same period at 4.00. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.53, while the total debt to equity was 0.67. In terms of profitability, the gross margin trailing 12 months is 60.30%. The trailing 12-month EBITDA margin is 28.13% while for the period ending June 29, MACOM Technology Solutions Holdings Inc.’s operating margin was 19.00%. The firm’s gross profit as reported stood at $406.18 million against revenue of $675.17 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -171.98% to $11.85 million, while revenue of $25.76 million was -117.38% off the previous quarter. Analysts expected MTSI to announce $0.54 per share in earnings in its latest quarter, but it posted $0.54, representing a 0.00% surprise. EBITDA for the quarter stood at more than $21.73 million. MTSI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 728.0 million, with total debt at $642.61 million. Shareholders hold equity totaling $70.99 million.
Let’s look briefly at MACOM Technology Solutions Holdings Inc. (MTSI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 71.58% to suggest the stock is trending Overbought, with historical volatility in this time period at 50.36%.
The stock’s 5-day moving average is $74.78, reflecting a +9.65% or $7.08 change from its current price. MTSI is currently trading +18.85% above its 20-day SMA, +15.67% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +30.95% and SMA200 by+33.56%.
Stochastic %K and %D was 80.60% and 64.89% and the average true range (ATR) pointed at 2.72. The RSI (14) points at 68.56%, while the 14-day stochastic is at 90.35% with the period’s ATR at 2.54. The stock’s 9-day MACD Oscillator is pointing at 1.85 and 1.62 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for MACOM Technology Solutions Holdings Inc. (NASDAQ: MTSI), BofA Securities downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for MTSI stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate MTSI as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 5 have offered a “buy” rating.
What is MTSI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $65.00 and a high of $95.00, with their median price target at $82.00. Looking at these predictions, the average price target given by analysts is for MACOM Technology Solutions Holdings Inc. (MTSI) stock is $82.25.
