Barclays Issues Positive Forecast for MACOM Technology Solutions (NASDAQ:MTSI) Stock Price

MACOM Technology Solutions (NASDAQ:MTSI) had its price objective raised by Barclays from $125.00 to $150.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has an overweight rating on the semiconductor company’s stock.

Other equities research analysts also recently issued reports about the company. Bank of America reduced their price objective on MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. BNP Paribas upgraded shares of MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price target for the company in a report on Wednesday, April 9th. Truist Financial began coverage on shares of MACOM Technology Solutions in a research note on Friday, April 11th. They issued a “buy” rating and a $125.00 price objective on the stock. Benchmark reissued a “buy” rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research note on Friday. Finally, Stifel Nicolaus cut their price objective on MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $130.91.

MACOM Technology Solutions Price Performance

MTSI stock opened at $118.08 on Friday. The firm has a 50-day moving average of $103.46 and a two-hundred day moving average of $120.81. The firm has a market capitalization of $8.78 billion, a PE ratio of -82.00, a P/E/G ratio of 2.42 and a beta of 1.36. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions has a one year low of $84.00 and a one year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. The firm had revenue of $235.89 million during the quarter, compared to analyst estimates of $230.04 million. During the same quarter last year, the business posted $0.59 EPS. The company’s revenue was up 30.2% on a year-over-year basis. On average, analysts forecast that MACOM Technology Solutions will post 2.43 earnings per share for the current year.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 6,471 shares of the stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total value of $647,100.00. Following the completion of the sale, the senior vice president now directly owns 35,603 shares of the company’s stock, valued at $3,560,300. This represents a 15.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Susan Ocampo sold 45,773 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $125.35, for a total transaction of $5,737,645.55. Following the completion of the sale, the director now owns 5,509,746 shares in the company, valued at $690,646,661.10. This represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 743,064 shares of company stock worth $91,879,525 over the last 90 days. Insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On MACOM Technology Solutions

Hedge funds have recently modified their holdings of the stock. Elequin Capital LP bought a new stake in MACOM Technology Solutions in the fourth quarter valued at $26,000. UMB Bank n.a. boosted its stake in shares of MACOM Technology Solutions by 74.3% in the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of MACOM Technology Solutions in the 1st quarter worth about $25,000. Empowered Funds LLC bought a new position in MACOM Technology Solutions during the 4th quarter valued at about $33,000. Finally, SBI Securities Co. Ltd. acquired a new position in MACOM Technology Solutions in the fourth quarter valued at about $35,000. 76.14% of the stock is owned by institutional investors and hedge funds.

About MACOM Technology Solutions

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.