Market Recap: MACOM Technology Solutions Holdings Inc (MTSI)’s Negative Momentum, Closing at 99.54

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The closing price of MACOM Technology Solutions Holdings Inc (NASDAQ: MTSI) was $99.54 for the day, down -0.62% from the previous closing price of $100.16. In other words, the price has decreased by -$0.62 from its previous closing price. On the day, 0.54 million shares were traded. MTSI stock price reached its highest trading level at $103.66 during the session, while it also had its lowest trading level at $99.01.

Ratios:

Our analysis of MTSI’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 55.82. For the most recent quarter (mrq), Quick Ratio is recorded 5.70 and its Current Ratio is at 7.34. In the meantime, Its Debt-to-Equity ratio is 0.47 whereas as Long-Term Debt/Eq ratio is at 0.47.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Evercore ISI on April 16, 2024, initiated with a Outperform rating and assigned the stock a target price of $120.

On January 04, 2024, Piper Sandler Downgraded its rating to Neutral which previously was Overweight but kept the price unchanged to $85.

BofA Securities Upgraded its Neutral to Buy on December 15, 2023, whereas the target price for the stock was revised from $90 to $105.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 22 ’24 when Hwang Donghyun Thomas sold 5,000 shares for $106.25 per share. The transaction valued at 531,241 led to the insider holds 41,523 shares of the business.

OCAMPO SUSAN sold 16,490 shares of MTSI for $1,698,800 on May 30 ’24. The Director now owns 6,972,027 shares after completing the transaction at $103.02 per share. On May 28 ’24, another insider, OCAMPO SUSAN, who serves as the Director of the company, sold 16,396 shares for $105.01 each. As a result, the insider received 1,721,744 and left with 6,988,517 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 7177490944 and an Enterprise Value of 7190313472. As of this moment, MACOM’s Price-to-Earnings (P/E) ratio for their current fiscal year is 112.59, and their Forward P/E ratio for the next fiscal year is 30.01. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.26 while its Price-to-Book (P/B) ratio in mrq is 6.87. Its current Enterprise Value per Revenue stands at 11.283 whereas that against EBITDA is 55.818.

Stock Price History:

Over the past 52 weeks, MTSI has reached a high of $118.76, while it has fallen to a 52-week low of $66.86. The 50-Day Moving Average of the stock is -6.16%, while the 200-Day Moving Average is calculated to be 7.06%.

Shares Statistics:

MTSI traded an average of 715.18K shares per day over the past three months and 609470 shares per day over the past ten days. A total of 70.99M shares are outstanding, with a floating share count of 57.89M. Insiders hold about 19.72% of the company’s shares, while institutions hold 84.21% stake in the company. Shares short for MTSI as of 1721001600 were 4097204 with a Short Ratio of 5.73, compared to 1718323200 on 4669638. Therefore, it implies a Short% of Shares Outstanding of 4097204 and a Short% of Float of 7.359999999999999.

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