The Vanguard Group, Inc. has recently announced that it has increased stake in MACOM Technology Solutions Holdings Inc. (NASDAQ:MTSI) by 8.63%. After grabbing 5.08 million shares, the institutional investor is now in possession of 0.4 million shares of the Technology Company. The new investment brought the stake of investor firm to 7.18% having worth around $348.69 million. Moreover, BlackRock Fund Advisors increased its share by 2.03 million to have a control over 4.9 million shares. And SSgA Funds Management, Inc. raised its holdings to 0.59 million shares by acquiring 2.13 million shares or 3.02% of the stake.
MACOM Technology Solutions Holdings Inc. (MTSI) concluded trading on 01/11/23 at a closing price of $64.00, with 0.8 million shares of worth about $51.42 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 38.11% during that period and on Wednesday the price saw a loss of about -2.78%. Currently the company’s common shares owned by public are about 70.15M shares, out of which, 51.77M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 158 times over the past 12 months. They bought 696,541 shares in 21 of the transactions. In 137 selling transactions, insiders dumped 3,545,328 shares.
Fidelity Select Port. – Semicondu, Vanguard Total Stock Market Index, and T Rowe Price New Horizons Fund are the top 3 mutual funds which are holding stakes in MACOM Technology Solutions Holdings Inc. Fidelity Select Port. – Semicondu is currently holding 1.69 million shares of worth totaling $116.22 million. The company recently came buying 0.0 shares which brought its stake up to 2.39% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 2079.0 shares, after which its hold over company’s outstanding shares expand to 2.24%, leaving 1.58 million shares with the mutual fund that have a worth of about $108.68 million. T Rowe Price New Horizons Fund, after buying 1.57 million shares, have now control over 2.22% of the stake in the company. It holds 1.57 million shares of worth $107.53 million.
MACOM Technology Solutions Holdings Inc. (NASDAQ: MTSI) started trading at $62.62, below -$3.21 from concluding price of the previous day. However, the stock later moved at a day high price of 64.04, or with a loss of -2.78%. Stock saw a price change of 2.68% in past 5 days and over the past one month there was a price change of -6.91%. Year-to-date (YTD), MTSI shares are showing a performance of 1.62% which decreased to -12.14% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $42.85 but also hit the highest price of $76.41 during that period. The average intraday trading volume for MACOM Technology Solutions Holdings Inc. shares is 427.83K. The stock is currently trading -0.85% below its 20-day simple moving average (SMA20), while that difference is down -2.60% for SMA50 and it goes to 13.01% higher than SMA200.
The Vanguard Group, Inc. acquired 5.08 million shares of MACOM Technology Solutions Holdings Inc. having value of about $348.69 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.4 million shares in the company valued at close to $25803776.0, or have control over 8.63% stake in the company. MACOM Technology Solutions Holdings Inc. (NASDAQ: MTSI) currently have 70.15M outstanding shares and institutions hold larger chunk of about 76.80% of that. Holding of mutual funds in the company is about 25.20% while other institutional holders and individual stake holders have control over 50.81% and 25.12% of the stake respectively.
The stock has a current market capitalization of $4.32B and its 3Y-monthly beta is at 2.01. PE ratio of stock for trailing 12 months is 10.37, while it has posted earnings per share of $6.17 in the same period. Its PEG reads 0.69 and has Quick Ratio of 7.20 while making debt-to-equity ratio of 0.72. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MTSI, volatility over the week remained 3.82% while standing at 3.44% over the month.
Analysts are in expectations that MACOM Technology Solutions Holdings Inc. (MTSI) stock would likely to be making an EPS of $0.76 in the current quarter, while forecast for next quarter EPS is $0.75 and it is $3 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.74 which is $0.77 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.61 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 8.50% while it is estimated to increase by 8.65% in next year. EPS is likely to shrink at an annualized rate of 15.00% for next 5-years, compared to annual growth of 35.10% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Craig Hallum on January 11, 2023 offering a Hold rating for the stock and assigned a target price range of between $73 and $65 to it. On April 29, 2022, Jefferies Upgrade their recommendations, while on January 10, 2022, BofA Securities Reiterated their ratings for the stock with a price target of $90. Stock get a Buy rating from The Benchmark Company on July 30, 2021.