MACOM Technology Solutions (NASDAQ:MTSI) PT Raised to $115.00

MACOM Technology Solutions (NASDAQ:MTSI) had its price target increased by stock analysts at Stifel Nicolaus from $105.00 to $115.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ target price points to a potential upside of 23.91% from the stock’s current price.

Several other research firms have also recently commented on MTSI. Needham & Company LLC raised their target price on shares of MACOM Technology Solutions from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. TheStreet cut shares of MACOM Technology Solutions from a “b” rating to a “c+” rating in a research report on Thursday, February 1st. Barclays raised their target price on shares of MACOM Technology Solutions from $80.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Evercore ISI began coverage on shares of MACOM Technology Solutions in a research note on Tuesday. They issued an “outperform” rating and a $120.00 price target for the company. Finally, Piper Sandler reiterated a “neutral” rating and issued a $85.00 price target on shares of MACOM Technology Solutions in a research note on Thursday, January 4th. 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 $99.67.

MACOM Technology Solutions Trading Down 2.5 %

Shares of MTSI opened at $92.81 on Thursday. The stock has a market capitalization of $6.69 billion, a P/E ratio of 89.24, a PEG ratio of 6.11 and a beta of 1.64. The company has a quick ratio of 5.69, a current ratio of 7.24 and a debt-to-equity ratio of 0.48. The firm has a fifty day simple moving average of $93.17 and a two-hundred day simple moving average of $86.89. MACOM Technology Solutions has a twelve month low of $48.53 and a twelve month high of $104.90.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly 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 business had revenue of $157.15 million during the quarter, compared to analysts’ expectations of $151.12 million. MACOM Technology Solutions had a net margin of 11.93% and a return on equity of 14.85%. On average, research analysts anticipate that MACOM Technology Solutions will post 2.02 EPS for the current year.

Insider Buying and Selling at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 200,000 shares of MACOM Technology Solutions stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $82.39, for a total value of $16,478,000.00. Following the completion of the sale, the director now directly owns 7,645,668 shares in the company, valued at $629,926,586.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 6,234 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $87.77, for a total transaction of $547,158.18. Following the completion of the sale, the senior vice president now directly owns 57,722 shares of the company’s stock, valued at $5,066,259.94. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Susan Ocampo sold 200,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $82.39, for a total transaction of $16,478,000.00. Following the completion of the transaction, the director now owns 7,645,668 shares in the company, valued at $629,926,586.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 811,058 shares of company stock worth $68,674,574. 22.75% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

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