MACOM Technology Solutions (NASDAQ:MTSI) Given New $115.00 Price Target at Barclays

MACOM Technology Solutions (NASDAQ:MTSI) had its target price lifted by stock analysts at Barclays from $105.00 to $115.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the semiconductor company’s stock. Barclays‘s price target suggests a potential upside of 12.43% from the stock’s previous close.

A number of other equities research analysts have also recently commented on MTSI. Stifel Nicolaus raised their price target on MACOM Technology Solutions from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Evercore ISI began coverage on MACOM Technology Solutions in a research report on Tuesday, April 16th. They set an “outperform” rating and a $120.00 price target on the stock. Piper Sandler reaffirmed a “neutral” rating and issued a $85.00 price target on shares of MACOM Technology Solutions in a report on Thursday, January 4th. Needham & Company LLC raised their price target on shares of MACOM Technology Solutions from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday. Finally, TheStreet downgraded shares of MACOM Technology Solutions from a “b” rating to a “c+” rating in a report on Thursday, February 1st. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, MACOM Technology Solutions has a consensus rating of “Moderate Buy” and an average price target of $105.78.

MACOM Technology Solutions Stock Up 3.3 %

MTSI stock traded up $3.31 on Friday, reaching $102.29. 229,954 shares of the company traded hands, compared to its average volume of 519,101. The firm has a fifty day simple moving average of $95.83 and a 200-day simple moving average of $88.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 7.24 and a quick ratio of 5.69. MACOM Technology Solutions has a one year low of $48.53 and a one year high of $104.90. The company has a market cap of $7.37 billion, a P/E ratio of 98.27, a price-to-earnings-growth ratio of 6.30 and a beta of 1.65.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. The firm had revenue of $157.15 million for the quarter, compared to the consensus estimate of $151.12 million. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. Research analysts anticipate that MACOM Technology Solutions will post 2.01 earnings per share for the current year.

Insider Transactions at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 200,000 shares of MACOM Technology Solutions stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $82.39, for a total transaction of $16,478,000.00. Following the completion of the sale, the director now directly owns 7,645,668 shares of the company’s stock, valued at approximately $629,926,586.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Susan Ocampo sold 200,000 shares of MACOM Technology Solutions stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $82.39, for a total transaction of $16,478,000.00. Following the completion of the sale, the director now directly owns 7,645,668 shares of the company’s stock, valued at approximately $629,926,586.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Donghyun Thomas Hwang sold 9,397 shares of MACOM Technology Solutions stock in a transaction on Monday, March 11th. The stock was sold at an average price of $92.24, for a total transaction of $866,779.28. Following the sale, the senior vice president now directly owns 48,325 shares of the company’s stock, valued at $4,457,498. The disclosure for this sale can be found here. In the last three months, insiders sold 804,824 shares of company stock valued at $68,127,415. Insiders own 22.75% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Duality Advisers LP increased its stake in shares of MACOM Technology Solutions by 5.9% during the fourth quarter. Duality Advisers LP now owns 2,727 shares of the semiconductor company’s stock worth $253,000 after acquiring an additional 152 shares during the period. State of Michigan Retirement System increased its stake in shares of MACOM Technology Solutions by 1.6% during the third quarter. State of Michigan Retirement System now owns 12,900 shares of the semiconductor company’s stock worth $1,052,000 after acquiring an additional 200 shares during the period. New York State Teachers Retirement System boosted its holdings in MACOM Technology Solutions by 2.5% during the fourth quarter. New York State Teachers Retirement System now owns 8,226 shares of the semiconductor company’s stock worth $765,000 after buying an additional 200 shares in the last quarter. RiverPark Advisors LLC boosted its holdings in MACOM Technology Solutions by 29.1% during the fourth quarter. RiverPark Advisors LLC now owns 923 shares of the semiconductor company’s stock worth $86,000 after buying an additional 208 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in MACOM Technology Solutions by 0.9% during the fourth quarter. Yousif Capital Management LLC now owns 25,085 shares of the semiconductor company’s stock worth $2,332,000 after buying an additional 215 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.