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

MACOM Technology Solutions (NASDAQ:MTSI) had its price objective raised by Barclays from $105.00 to $115.00 in a report released on Friday morning, Benzinga reports. Barclays currently has an overweight rating on the semiconductor company’s stock.

Several other equities analysts have also commented on MTSI. Needham & Company LLC increased their price target on shares of MACOM Technology Solutions from $100.00 to $110.00 and gave the company a buy rating in a research note on Friday. Evercore ISI began coverage on shares of MACOM Technology Solutions in a research report on Tuesday, April 16th. They issued an outperform rating and a $120.00 target price on the stock. Piper Sandler reissued a neutral rating and issued a $85.00 price target on shares of MACOM Technology Solutions in a research report on Thursday, January 4th. Stifel Nicolaus raised their price objective on MACOM Technology Solutions from $105.00 to $115.00 and gave the stock a buy rating in a report on Thursday, April 18th. Finally, TheStreet downgraded MACOM Technology Solutions from a b rating to a c+ rating in a report on Thursday, February 1st. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $108.33.

MACOM Technology Solutions Stock Up 0.6 %

Shares of MTSI stock traded up $0.66 on Friday, reaching $103.51. 681,917 shares of the stock were exchanged, compared to its average volume of 525,622. MACOM Technology Solutions has a twelve month low of $53.04 and a twelve month high of $107.00. The company has a current ratio of 7.34, a quick ratio of 5.70 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $7.46 billion, a price-to-earnings ratio of 117.24, a PEG ratio of 7.99 and a beta of 1.65. The business’s 50 day moving average price is $96.16 and its 200 day moving average price is $88.35.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. MACOM Technology Solutions had a return on equity of 12.67% and a net margin of 10.01%. The business had revenue of $157.15 million during the quarter, compared to analysts’ expectations of $151.12 million. As a group, sell-side analysts expect that MACOM Technology Solutions will post 2.02 earnings per share for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

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 directly owns 60,672 shares in the company, valued at $4,850,726.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO John Kober sold 12,892 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $79.95, for a total value of $1,030,715.40. Following the completion of the sale, the chief financial officer now directly owns 60,672 shares of the company’s stock, valued at approximately $4,850,726.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Wayne Mack Struble sold 1,019 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $86.12, for a total value of $87,756.28. Following the transaction, the senior vice president now directly owns 15,649 shares in the company, valued at approximately $1,347,691.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 804,824 shares of company stock worth $68,127,415. 22.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the business. Texas Permanent School Fund Corp raised its position in MACOM Technology Solutions by 2.5% during the first quarter. Texas Permanent School Fund Corp now owns 47,935 shares of the semiconductor company’s stock worth $4,585,000 after acquiring an additional 1,185 shares during the last quarter. RiverPark Advisors LLC increased its stake in shares of MACOM Technology Solutions by 361.3% during the 1st quarter. RiverPark Advisors LLC now owns 4,258 shares of the semiconductor company’s stock worth $407,000 after purchasing an additional 3,335 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of MACOM Technology Solutions during the 1st quarter worth approximately $77,000. Retirement Systems of Alabama raised its position in shares of MACOM Technology Solutions by 1.0% during the 1st quarter. Retirement Systems of Alabama now owns 98,178 shares of the semiconductor company’s stock worth $9,390,000 after purchasing an additional 998 shares during the last quarter. Finally, New York State Teachers Retirement System raised its holdings in shares of MACOM Technology Solutions by 8.5% in the first quarter. New York State Teachers Retirement System now owns 8,926 shares of the semiconductor company’s stock worth $854,000 after acquiring an additional 700 shares during the last quarter. 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.