MACOM Technology Solutions Holdings Inc (NASDAQ: MTSI) closed the day trading at $98.56 down -2.83% from the previous closing price of $101.43. In other words, the price has decreased by -$2.87 from its previous closing price. On the day, 891278 shares were traded.
Ratios:
For a better understanding of MTSI, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 50.02. For the most recent quarter (mrq), Quick Ratio is recorded 5.69 and its Current Ratio is at 7.24. In the meantime, Its Debt-to-Equity ratio is 0.48 whereas as Long-Term Debt/Eq ratio is at 0.48.
On December 15, 2023, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $90 to $105.
Craig Hallum Upgraded its Hold to Buy on September 06, 2023, whereas the target price for the stock was revised from $85 to $110.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 15 ’24 when Dennehy Robert sold 2,370 shares for $88.88 per share. The transaction valued at 210,646 led to the insider holds 32,827 shares of the business.
Hwang Donghyun Thomas sold 9,397 shares of MTSI for $866,823 on Mar 11 ’24. The SVP, Global Sales now owns 48,325 shares after completing the transaction at $92.24 per share. On Feb 29 ’24, another insider, OCAMPO SUSAN, who serves as the Director of the company, sold 34,186 shares for $88.00 each. As a result, the insider received 3,008,368 and left with 6,886,661 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MTSI now has a Market Capitalization of 7.11B and an Enterprise Value of 7.13B. As of this moment, MACOM’s Price-to-Earnings (P/E) ratio for their current fiscal year is 94.73, and their Forward P/E ratio for the next fiscal year is 30.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.36 while its Price-to-Book (P/B) ratio in mrq is 6.94. Its current Enterprise Value per Revenue stands at 11.39 whereas that against EBITDA is 45.84.
Stock Price History:
Over the past 52 weeks, MTSI has reached a high of $101.76, while it has fallen to a 52-week low of $48.53. The 50-Day Moving Average of the stock is 89.74, while the 200-Day Moving Average is calculated to be 80.75.
Shares Statistics:
Over the past 3-months, MTSI traded about 504.11K shares per day on average, while over the past 10 days, MTSI traded about 561.4k shares per day. A total of 70.99M shares are outstanding, with a floating share count of 56.80M. Insiders hold about 21.19% of the company’s shares, while institutions hold 80.63% stake in the company. Shares short for MTSI as of Mar 15, 2024 were 3.76M with a Short Ratio of 7.47, compared to 2.97M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.22% and a Short% of Float of 6.76%.
Earnings Estimates
Current recommendations for the stock of the company come from 12 analysts. On average, analysts expect EPS of $0.59 for the current quarter, with a high estimate of $0.61 and a low estimate of $0.56, while EPS last year was $0.79. The consensus estimate for the next quarter is $0.65, with high estimates of $0.72 and low estimates of $0.61.
Analysts are recommending an EPS of between $2.75 and $2.45 for the fiscal current year, implying an average EPS of $2.54. EPS for the following year is $3.25, with 9 analysts recommending between $3.44 and $3.04.
Revenue Estimates
A total of 12 analysts have provided revenue estimates for MTSI’s current fiscal year. The highest revenue estimate was $731.5M, while the lowest revenue estimate was $714.7M, resulting in an average revenue estimate of $723.71M. In the same quarter a year ago, actual revenue was $648.41M, up 11.60% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $840.96M in the next fiscal year. The high estimate is $860M and the low estimate is $812M. The average revenue growth estimate for next year is up 16.20% from the average revenue estimate for this year.
