MACOM Technology Solutions (NASDAQ:MTSI) PT Raised to $120.00

MACOM Technology Solutions (NASDAQ:MTSI) had its target price hoisted by Craig Hallum from $95.00 to $120.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Several other equities research analysts have also commented on MTSI. Barclays boosted their price target on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the stock an overweight rating in a report on Friday. Needham & Company LLC boosted their price target on shares of MACOM Technology Solutions from $100.00 to $110.00 and gave the stock a buy rating in a report on Friday. Evercore ISI began coverage on shares of MACOM Technology Solutions in a report on Tuesday, April 16th. They issued an outperform rating and a $120.00 price target for the company. Piper Sandler reissued a neutral rating and issued a $85.00 price target on shares of MACOM Technology Solutions in a report on Thursday, January 4th. Finally, Stifel Nicolaus boosted their price target on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the stock a buy rating in a report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $108.33.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ:MTSI traded up $0.66 during trading on Friday, hitting $103.51. 695,695 shares of the stock traded hands, compared to its average volume of 525,780. The company has a quick ratio of 5.70, a current ratio of 7.34 and a debt-to-equity ratio of 0.47. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 117.24, a P/E/G ratio of 7.99 and a beta of 1.65. The company has a fifty day moving average price of $96.16 and a two-hundred day moving average price of $88.35. MACOM Technology Solutions has a 52-week low of $53.04 and a 52-week high of $107.00.

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

Insiders Place Their Bets

In other news, CFO John Kober sold 12,892 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $79.95, for a total transaction of $1,030,715.40. Following the transaction, the chief financial officer now owns 60,672 shares of the company’s stock, valued at approximately $4,850,726.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO John Kober sold 12,892 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $79.95, for a total transaction of $1,030,715.40. Following the transaction, the chief financial officer now owns 60,672 shares of the company’s stock, valued at approximately $4,850,726.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Susan Ocampo sold 65,993 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $80.01, for a total transaction of $5,280,099.93. Following the transaction, the director now directly owns 8,045,668 shares in the company, valued at approximately $643,733,896.68. The disclosure for this sale can be found here. Insiders have sold a total of 804,824 shares of company stock valued at $68,127,415 in the last 90 days. 22.75% of the stock is owned by insiders.

Institutional Trading of MACOM Technology Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in MACOM Technology Solutions by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,717,763 shares of the semiconductor company’s stock valued at $466,455,000 after buying an additional 101,938 shares during the period. Burney Co. purchased a new stake in MACOM Technology Solutions in the 3rd quarter valued at about $1,318,000. Penserra Capital Management LLC raised its holdings in MACOM Technology Solutions by 84.3% in the 3rd quarter. Penserra Capital Management LLC now owns 95,114 shares of the semiconductor company’s stock valued at $7,759,000 after buying an additional 43,494 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in MACOM Technology Solutions by 12.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 440,481 shares of the semiconductor company’s stock valued at $35,934,000 after buying an additional 47,932 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in MACOM Technology Solutions in the 4th quarter valued at about $2,582,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

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.