Brokerages Set MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Price Target at $128.00

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has earned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $128.00.

MTSI has been the subject of a number of research reports. Piper Sandler increased their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Barclays increased their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Northland Securities raised their price objective on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a report on Monday, November 11th. Finally, Benchmark upped their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, November 8th.

MACOM Technology Solutions Stock Down 1.9 %

Shares of MACOM Technology Solutions stock opened at $138.18 on Friday. MACOM Technology Solutions has a 1 year low of $79.25 and a 1 year high of $143.90. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55. The company has a market capitalization of $10.00 billion, a P/E ratio of 134.16, a price-to-earnings-growth ratio of 2.42 and a beta of 1.71. The business has a 50-day moving average of $125.93 and a two-hundred day moving average of $112.49.

Insider Buying and Selling at MACOM Technology Solutions

In other news, CEO Stephen G. Daly sold 4,742 shares of MACOM Technology Solutions stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $118.32, for a total value of $561,073.44. Following the completion of the transaction, the chief executive officer now owns 65,577 shares of the company’s stock, valued at $7,759,070.64. This trade represents a 6.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Ambra R. Roth sold 1,366 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $139.07, for a total transaction of $189,969.62. Following the completion of the sale, the senior vice president now directly owns 6,564 shares in the company, valued at approximately $912,855.48. The trade was a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 224,962 shares of company stock worth $28,485,722. Insiders own 22.75% of the company’s stock.

Hedge Funds Weigh In On MACOM Technology Solutions

A number of institutional investors have recently bought and sold shares of the business. CWM LLC boosted its stake in shares of MACOM Technology Solutions by 7.3% during the 2nd quarter. CWM LLC now owns 1,451 shares of the semiconductor company’s stock worth $162,000 after acquiring an additional 99 shares during the period. Fifth Third Wealth Advisors LLC bought a new position in MACOM Technology Solutions during the second quarter worth $183,000. RiverPark Advisors LLC increased its holdings in shares of MACOM Technology Solutions by 13.4% in the second quarter. RiverPark Advisors LLC now owns 4,827 shares of the semiconductor company’s stock valued at $538,000 after purchasing an additional 569 shares during the last quarter. Legato Capital Management LLC increased its holdings in shares of MACOM Technology Solutions by 16.2% in the second quarter. Legato Capital Management LLC now owns 17,553 shares of the semiconductor company’s stock valued at $1,957,000 after purchasing an additional 2,445 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of MACOM Technology Solutions by 2.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,470 shares of the semiconductor company’s stock valued at $1,390,000 after purchasing an additional 273 shares during the period. Institutional investors and hedge funds own 76.14% of the company’s stock.

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.