Barclays Forecasts Strong Price Appreciation for MACOM Technology Solutions (NASDAQ:MTSI) Stock

MACOM Technology Solutions (NASDAQ:MTSI) had its price objective raised by Barclays from $120.00 to $160.00 in a report published on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the semiconductor company’s stock.

Other analysts have also issued reports about the company. JPMorgan Chase & Co. raised their price objective on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Needham & Company LLC upped their target price on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Benchmark lifted their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday. Stifel Nicolaus increased their target price on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, 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 research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and eight have issued 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 target price of $128.00.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI traded down $1.28 on Friday, reaching $137.86. The stock had a trading volume of 1,071,352 shares, compared to its average volume of 423,936. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.18 and a quick ratio of 6.33. The firm has a fifty day moving average of $110.59 and a two-hundred day moving average of $106.58. MACOM Technology Solutions has a 1-year low of $72.15 and a 1-year high of $140.27. The company has a market cap of $9.95 billion, a P/E ratio of 140.67, a price-to-earnings-growth ratio of 4.64 and a beta of 1.69.

Insider Activity

In other MACOM Technology Solutions news, Director Susan Ocampo sold 305,395 shares of MACOM Technology Solutions stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $106.48, for a total value of $32,518,459.60. Following the sale, the director now directly owns 6,550,889 shares in the company, valued at approximately $697,538,660.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Susan Ocampo sold 305,395 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $106.48, for a total value of $32,518,459.60. Following the sale, the director now owns 6,550,889 shares in the company, valued at approximately $697,538,660.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 4,375 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $104.57, for a total value of $457,493.75. Following the transaction, the senior vice president now owns 37,148 shares of the company’s stock, valued at approximately $3,884,566.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 670,896 shares of company stock worth $71,284,378 over the last quarter. Insiders own 22.75% of the company’s stock.

Institutional Investors Weigh In On MACOM Technology Solutions

A number of institutional investors have recently added to or reduced their stakes in MTSI. Opal Wealth Advisors LLC purchased a new position in MACOM Technology Solutions in the second quarter worth $39,000. GAMMA Investing LLC raised its position in shares of MACOM Technology Solutions by 153.0% in the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 283 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in MACOM Technology Solutions in the 3rd quarter worth approximately $66,000. FSC Wealth Advisors LLC purchased a new stake in MACOM Technology Solutions during the 2nd quarter worth approximately $78,000. Finally, Farther Finance Advisors LLC increased its stake in MACOM Technology Solutions by 303.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company’s stock valued at $102,000 after purchasing an additional 692 shares in 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.