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

MACOM Technology Solutions (NASDAQ:MTSI) had its price target upped by Craig Hallum from $95.00 to $120.00 in a report issued on Friday, Benzinga reports. Craig Hallum currently has a buy rating on the semiconductor company’s stock.

Several other equities research analysts also recently weighed in on MTSI. TheStreet downgraded MACOM Technology Solutions from a b rating to a c+ rating in a report on Thursday, February 1st. Barclays lifted their price target on MACOM Technology Solutions from $105.00 to $115.00 and gave the company an overweight rating in a research note on Friday. Evercore ISI started coverage on MACOM Technology Solutions in a research note on Tuesday, April 16th. They issued an outperform rating and a $120.00 price objective for the company. Piper Sandler reiterated a neutral rating and set a $85.00 target price on shares of MACOM Technology Solutions in a research report on Thursday, January 4th. Finally, Stifel Nicolaus boosted their target price 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 research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, MACOM Technology Solutions presently has an average rating of Moderate Buy and an average target price of $108.33.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI opened at $103.51 on Friday. MACOM Technology Solutions has a one year low of $53.04 and a one year high of $107.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 7.34 and a quick ratio of 5.70. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 117.63, a PEG ratio of 7.99 and a beta of 1.65. The firm has a 50 day simple moving average of $96.47 and a 200 day simple moving average of $88.54.

Insider Activity

In other MACOM Technology Solutions news, Director Susan Ocampo sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $85.00, for a total value of $17,000,000.00. Following the completion of the sale, the director now owns 7,245,668 shares of the company’s stock, valued at $615,881,780. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other MACOM Technology Solutions news, SVP Wayne Mack Struble sold 1,019 shares of MACOM Technology Solutions stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $86.12, for a total value of $87,756.28. Following the sale, the senior vice president now owns 15,649 shares of the company’s stock, valued at $1,347,691.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Susan Ocampo sold 200,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $85.00, for a total value of $17,000,000.00. Following the transaction, the director now directly owns 7,245,668 shares in the company, valued at approximately $615,881,780. The disclosure for this sale can be found here. Insiders sold 725,939 shares of company stock worth $61,816,600 in the last quarter. 22.75% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new stake in shares of MACOM Technology Solutions in the first quarter worth $47,000. RiverPark Advisors LLC purchased a new position in shares of MACOM Technology Solutions in the 3rd quarter worth about $58,000. Harvest Fund Management Co. Ltd bought a new position in shares of MACOM Technology Solutions during the 4th quarter valued at about $69,000. Fidelis Capital Partners LLC purchased a new position in shares of MACOM Technology Solutions during the 1st quarter valued at about $77,000. Finally, Hennessy Advisors Inc. bought a new stake in MACOM Technology Solutions in the 4th quarter worth approximately $129,000. 76.14% of the stock is currently owned by institutional investors.

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.