Currently, there are 72.20M common shares owned by the public and among those 60.22M shares have been available to trade.
The company’s stock has a 5-day price change of 9.43% and 27.92% over the past three months. MTSI shares are trading 11.93% year to date (YTD), with the 12-month market performance up to 70.93% higher. It has a 12-month low price of $79.25 and touched a high of $144.80 over the same period. MTSI has an average intraday trading volume of 594.51K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.35%, 8.37%, and 29.30% respectively.
Institutional ownership of MACOM Technology Solutions Holdings Inc (NASDAQ: MTSI) shares accounts for 86.83% of the company’s 72.20M shares outstanding.
It has a market capitalization of $10.81B and a beta (3y monthly) value of 1.71. The stock’s trailing 12-month PE ratio is 139.67, while the earnings-per-share (ttm) stands at $1.04. The company has a PEG of 6.64 and a Quick Ratio of 6.55 with the debt-to-equity ratio at 0.46. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.44% over the week and 3.17% over the month.
Earnings per share for the fiscal year are expected to increase by 34.29%, and 18.91% over the next financial year.
Looking at the support for the MTSI, a number of firms have released research notes about the stock. Evercore ISI stated their Outperform rating for the stock in a research note on April 16, 2024, with the firm’s price target at $120. Piper Sandler coverage for the MACOM Technology Solutions Holdings Inc (MTSI) stock in a research note released on January 04, 2024 offered a Neutral rating with a price target of $85. BofA Securities was of a view on December 15, 2023 that the stock is Buy, while Craig Hallum gave the stock Buy rating on September 06, 2023, issuing a price target of $85- $110. The Benchmark Company on their part issued Buy rating on August 28, 2023.
