Benchmark Boosts MACOM Technology Solutions (NASDAQ:MTSI) Price Target to $115.00

MACOM Technology Solutions (NASDAQ:MTSI) had its target price upped by research analysts at Benchmark from $95.00 to $115.00 in a report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Benchmark’s price target indicates a potential upside of 11.81% from the stock’s previous close.

Several other research analysts also recently weighed in on MTSI. Evercore ISI initiated coverage on MACOM Technology Solutions in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $120.00 target price on the stock. Needham & Company LLC lifted their target price on MACOM Technology Solutions from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday. TheStreet downgraded MACOM Technology Solutions from a “b” rating to a “c+” rating in a research note on Thursday, February 1st. Barclays lifted their target price on MACOM Technology Solutions from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Craig Hallum lifted their price target on MACOM Technology Solutions from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Friday. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, MACOM Technology Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.33.

MACOM Technology Solutions Price Performance

Shares of NASDAQ MTSI opened at $102.85 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 5.70 and a current ratio of 7.34. MACOM Technology Solutions has a fifty-two week low of $48.53 and a fifty-two week high of $104.90. The firm has a market capitalization of $7.42 billion, a PE ratio of 116.88, a price-to-earnings-growth ratio of 7.99 and a beta of 1.65. The stock’s 50-day simple moving average is $96.16 and its 200-day simple moving average is $88.35.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. The company had revenue of $157.15 million for the quarter, compared to analyst estimates of $151.12 million. MACOM Technology Solutions had a return on equity of 12.67% and a net margin of 10.01%. As a group, equities research analysts forecast that MACOM Technology Solutions will post 2.02 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO John Kober sold 12,892 shares of MACOM Technology Solutions stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $79.95, for a total transaction of $1,030,715.40. Following the completion of the transaction, the chief financial officer now directly owns 60,672 shares of the company’s stock, valued at $4,850,726.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Susan Ocampo sold 65,993 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $80.01, for a total value of $5,280,099.93. Following the completion of the transaction, the director now directly owns 8,045,668 shares of the company’s stock, valued at $643,733,896.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO John Kober sold 12,892 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $79.95, for a total value of $1,030,715.40. Following the completion of the transaction, the chief financial officer now owns 60,672 shares of the company’s stock, valued at $4,850,726.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 804,824 shares of company stock valued at $68,127,415. 22.75% of the stock is owned by insiders.

Hedge Funds Weigh In On MACOM Technology Solutions

Several institutional investors have recently added to or reduced their stakes in the business. Duality Advisers LP increased its stake in MACOM Technology Solutions by 5.9% in the fourth quarter. Duality Advisers LP now owns 2,727 shares of the semiconductor company’s stock valued at $253,000 after purchasing an additional 152 shares during the last quarter. State of Michigan Retirement System increased its stake in MACOM Technology Solutions by 1.6% in the third quarter. State of Michigan Retirement System now owns 12,900 shares of the semiconductor company’s stock valued at $1,052,000 after purchasing an additional 200 shares during the last quarter. New York State Teachers Retirement System grew its position 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 valued at $765,000 after acquiring an additional 200 shares during the period. RiverPark Advisors LLC grew its position in MACOM Technology Solutions by 29.1% during the fourth quarter. RiverPark Advisors LLC now owns 923 shares of the semiconductor company’s stock valued at $86,000 after acquiring an additional 208 shares during the period. Finally, Yousif Capital Management LLC lifted its stake in shares of MACOM Technology Solutions by 0.9% in the 4th quarter. Yousif Capital Management LLC now owns 25,085 shares of the semiconductor company’s stock valued at $2,332,000 after purchasing 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.