MACOM Technology Solutions Holdings Inc (NASDAQ: MTSI) is 6.04% higher on its value in year-to-date trading and has touched a low of $48.53 and a high of $101.76 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MTSI stock was last observed hovering at around $101.43 in the last trading session, with the day’s loss setting it -2.87%.
Currently trading at $98.56, the stock is 3.92% and 9.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing -2.83% at the moment leaves the stock 22.06% off its SMA200. MTSI registered 40.60% gain for a year compared to 6-month gain of 22.34%. The firm has a 50-day simple moving average (SMA 50) of $11.39 and a 200-day simple moving average (SMA200) of $45.84.
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The stock witnessed a 8.43% loss in the last 1 month and extending the period to 3 months gives it a 14.98%, and is 3.16% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.20% over the week and 3.43% over the month.
MACOM Technology Solutions Holdings Inc (MTSI) has around 1500 employees, a market worth around $7.10B and $625.45M in sales. Current P/E ratio is 94.73 and Fwd P/E is 30.15. Profit margin for the company is 11.92%. Distance from 52-week low is 103.09% and -3.14% from its 52-week high. The company has generated returns on investments over the last 12 months (4.93%).
MACOM Technology Solutions Holdings Inc quarterly earnings per share for the current quarter are estimated at $0.59 with sales reaching $180.92M over the same period.The EPS is expected to shrink by -5.83% this year, but quarterly earnings will post 11.60% year-over-year.
390 institutions hold shares in MACOM Technology Solutions Holdings Inc (MTSI), with institutional investors hold 105.36% of the company’s shares. The shares outstanding are 70.99M, and float is at 56.80M with Short Float at 6.63%. Institutions hold 81.49% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 5.93 million shares valued at $388.86 million. The investor’s holdings represent 8.36% of the MTSI Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 5.62 million shares valued at $368.01 million to account for 7.91% of the shares outstanding. The other top investors are FMR, LLC which holds 4.95 million shares representing 6.98% and valued at over $324.58 million, while State Street Corporation holds 3.41% of the shares totaling 2.42 million with a market value of $158.63 million.
MACOM Technology Solutions Holdings Inc (MTSI) Insider Activity
The most recent transaction is an insider sale by Dennehy Robert, the company’s SVP, Operations. SEC filings show that Dennehy Robert sold 2,370 shares of the company’s common stock on Mar 15 ’24 at a price of $88.88 per share for a total of $0.21 million. Following the sale, the insider now owns 32827.0 shares.
MACOM Technology Solutions Holdings Inc disclosed in a document filed with the SEC on Mar 11 ’24 that Hwang Donghyun Thomas (SVP, Global Sales) sold a total of 9,397 shares of the company’s common stock. The trade occurred on Mar 11 ’24 and was made at $92.24 per share for $0.87 million. Following the transaction, the insider now directly holds 48325.0 shares of the MTSI stock.
Still, SEC filings show that on Feb 29 ’24, OCAMPO SUSAN (Director) disposed off 34,186 shares at an average price of $88.00 for $3.01 million. The insider now directly holds 6,886,661 shares of MACOM Technology Solutions Holdings Inc (MTSI).
