The stock price of MACOM Technology Solutions Holdings Inc (NASDAQ: MTSI) has dropped by -2.83 compared to previous close of 101.43. Despite this, the company has seen a gain of 3.16% in its stock price over the last five trading days. Zacks Investment Research reported 2024-02-08 that The Analog/Mixed Signal Semiconductor industry is a mixed bag this year with much dependent on the economy, the macro situation and geopolitical issues. Long-term prospects remain solid.
Is It Worth Investing in MACOM Technology Solutions Holdings Inc (NASDAQ: MTSI) Right Now?
MACOM Technology Solutions Holdings Inc (NASDAQ: MTSI) has a price-to-earnings ratio that is above its average at 94.73x. The stock has a 36-month beta value of 1.67. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 1 as “sell.”
The public float for MTSI is 56.80M, and at present, short sellers hold a 6.63% of that float. On April 05, 2024, the average trading volume of MTSI was 504.11K shares.
MTSI’s Market Performance
MTSI stock saw an increase of 3.16% in the past week, with a monthly gain of 8.43% and a quarterly increase of 14.98%. The volatility ratio for the week is 4.20%, and the volatility levels for the last 30 days are 3.43% for MACOM Technology Solutions Holdings Inc (MTSI). The simple moving average for the last 20 days is 3.92% for MTSI’s stock, with a simple moving average of 22.06% for the last 200 days.
Analysts’ Opinion of MTSI
Many brokerage firms have already submitted their reports for MTSI stocks, with Piper Sandler repeating the rating for MTSI by listing it as a “Neutral.” The predicted price for MTSI in the upcoming period, according to Piper Sandler is $85 based on the research report published on January 04, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see MTSI reach a price target of $105, previously predicting the price at $90. The rating they have provided for MTSI stocks is “Buy” according to the report published on December 15th, 2023.
Craig Hallum gave a rating of “Buy” to MTSI, setting the target price at $110 in the report published on September 06th of the previous year.
MTSI Trading at 9.83% from the 50-Day Moving Average
After a stumble in the market that brought MTSI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.14% of loss for the given period.
Volatility was left at 3.43%, however, over the last 30 days, the volatility rate increased by 4.20%, as shares surge +4.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.52% upper at present.
During the last 5 trading sessions, MTSI rose by +3.16%, which changed the moving average for the period of 200-days by +61.84% in comparison to the 20-day moving average, which settled at $95.06. In addition, MACOM Technology Solutions Holdings Inc saw 6.04% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MTSI starting from Dennehy Robert, who sale 2,370 shares at the price of $88.88 back on Mar 15 ’24. After this action, Dennehy Robert now owns 32,827 shares of MACOM Technology Solutions Holdings Inc, valued at $210,646 using the latest closing price.
Hwang Donghyun Thomas, the SVP, Global Sales of MACOM Technology Solutions Holdings Inc, sale 9,397 shares at $92.24 during a trade that took place back on Mar 11 ’24, which means that Hwang Donghyun Thomas is holding 48,325 shares at $866,823 based on the most recent closing price.
Stock Fundamentals for MTSI
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.58 for the gross margin
The net margin for MACOM Technology Solutions Holdings Inc stands at 0.12. The total capital return value is set at 0.05. Equity return is now at value 7.91, with 4.61 for asset returns.
Based on MACOM Technology Solutions Holdings Inc (MTSI), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.47. The interest coverage ratio of the stock is 8.76.
Currently, EBITDA for the company is 159.55 million with net debt to EBITDA at 2.28. When we switch over and look at the enterprise to sales, we see a ratio of 11.86. The receivables turnover for the company is 6.19for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.24.
Conclusion
To sum up, MACOM Technology Solutions Holdings Inc (MTSI) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
