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

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $128.00.

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

MACOM Technology Solutions Price Performance

Shares of MTSI stock opened at $127.21 on Monday. 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 $9.46 billion, a PE ratio of 123.51, a price-to-earnings-growth ratio of 2.32 and a beta of 1.71. The firm’s 50-day moving average is $135.97 and its two-hundred day moving average is $119.82. MACOM Technology Solutions has a 12 month low of $80.40 and a 12 month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.38). MACOM Technology Solutions had a net margin of 10.53% and a return on equity of 12.91%. Analysts predict that MACOM Technology Solutions will post 2.71 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO John Kober sold 19,470 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $126.88, for a total transaction of $2,470,353.60. Following the completion of the transaction, the chief financial officer now directly owns 51,489 shares of the company’s stock, valued at approximately $6,532,924.32. The trade was a 27.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Susan Ocampo sold 25,351 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $130.05, for a total transaction of $3,296,897.55. Following the completion of the sale, the director now directly owns 6,046,676 shares in the company, valued at approximately $786,370,213.80. This trade represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 218,532 shares of company stock valued at $27,902,795 in the last ninety days. Company insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On MACOM Technology Solutions

A number of large investors have recently modified their holdings of the company. UMB Bank n.a. grew its stake in shares of MACOM Technology Solutions by 74.3% during the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 101 shares in the last quarter. Empowered Funds LLC purchased a new stake in MACOM Technology Solutions during the 4th quarter worth about $33,000. SBI Securities Co. Ltd. acquired a new position in shares of MACOM Technology Solutions during the 4th quarter worth about $35,000. ORG Wealth Partners LLC purchased a new position in shares of MACOM Technology Solutions in the 4th quarter valued at about $36,000. Finally, Smartleaf Asset Management LLC raised its position in shares of MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 138 shares in the last quarter. 76.14% of the stock is 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.