MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Receives $128.00 Average Price Target from Brokerages

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has earned a consensus rating of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $128.00.

Several research firms recently weighed in on MTSI. Piper Sandler lifted their price target on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Benchmark lifted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Barclays boosted their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Finally, 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.

MACOM Technology Solutions Price Performance

Shares of MTSI stock opened at $132.88 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.55 and a current ratio of 8.35. MACOM Technology Solutions has a fifty-two week low of $79.25 and a fifty-two week high of $143.90. The firm has a market cap of $9.62 billion, a P/E ratio of 129.01, a P/E/G ratio of 2.43 and a beta of 1.71. The business’s 50 day moving average price is $133.19 and its 200-day moving average price is $116.46.

Insider Activity at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $118.38, for a total transaction of $177,570.00. Following the completion of the sale, the senior vice president now owns 37,102 shares of the company’s stock, valued at $4,392,134.76. This trade represents a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert Dennehy sold 2,539 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $120.80, for a total transaction of $306,711.20. Following the completion of the transaction, the senior vice president now owns 31,206 shares of the company’s stock, valued at approximately $3,769,684.80. The trade was a 7.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 227,212 shares of company stock valued at $28,778,424 in the last 90 days. Corporate insiders own 22.75% of the company’s stock.

Hedge Funds Weigh In On MACOM Technology Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the stock. TD Asset Management Inc grew its holdings in shares of MACOM Technology Solutions by 0.6% in the second quarter. TD Asset Management Inc now owns 39,244 shares of the semiconductor company’s stock worth $4,375,000 after acquiring an additional 244 shares during the period. Arizona State Retirement System grew its stake in shares of MACOM Technology Solutions by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 16,141 shares of the semiconductor company’s stock valued at $1,799,000 after purchasing an additional 292 shares during the period. Ground Swell Capital LLC purchased a new stake in shares of MACOM Technology Solutions during the 2nd quarter valued at about $225,000. Trueblood Wealth Management LLC bought a new position in shares of MACOM Technology Solutions in the 2nd quarter worth approximately $223,000. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of MACOM Technology Solutions by 15.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 11,047 shares of the semiconductor company’s stock worth $1,231,000 after buying an additional 1,485 shares during the last quarter. Institutional investors 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.