MACOM Technology Solutions (NASDAQ:MTSI) Price Target Lowered to $125.00 at Barclays

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) had its price target decreased by research analysts at Barclays from $160.00 to $125.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the semiconductor company's stock. Barclays's target price would suggest a potential upside of 17.61% from the stock's previous close.

A number of other brokerages also recently commented on MTSI. Benchmark reiterated a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Stifel Nicolaus reduced their target price on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Northland Capmk raised shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Finally, BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target for the company in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $127.92.

MACOM Technology Solutions Price Performance

NASDAQ MTSI traded up $0.60 during mid-day trading on Tuesday, hitting $106.28. The stock had a trading volume of 324,201 shares, compared to its average volume of 662,358. The firm's 50 day moving average is $104.75 and its 200 day moving average is $121.12. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. The stock has a market capitalization of $7.90 billion, a price-to-earnings ratio of -73.81, a PEG ratio of 2.42 and a beta of 1.72. MACOM Technology Solutions has a twelve month low of $84.00 and a twelve month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. Equities research analysts forecast that MACOM Technology Solutions will post 2.43 earnings per share for the current fiscal year.

Insider Activity

In other MACOM Technology Solutions news, Director Geoffrey G. Ribar sold 6,656 shares of MACOM Technology Solutions stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total value of $809,436.16. Following the completion of the transaction, the director now directly owns 14,031 shares of the company's stock, valued at $1,706,309.91. The trade was a 32.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Susan Ocampo sold 300,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.13, for a total transaction of $37,239,000.00. Following the sale, the director now owns 4,823,636 shares in the company, valued at $598,757,936.68. This trade represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 743,948 shares of company stock valued at $92,210,640. 16.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MACOM Technology Solutions

Several institutional investors have recently modified their holdings of the business. Opal Wealth Advisors LLC purchased a new position in MACOM Technology Solutions in the first quarter valued at $25,000. Elequin Capital LP acquired a new stake in MACOM Technology Solutions in the 4th quarter valued at about $26,000. Versant Capital Management Inc boosted its stake in shares of MACOM Technology Solutions by 9,400.0% in the 1st quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company's stock valued at $29,000 after buying an additional 282 shares during the period. UMB Bank n.a. grew its position 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 buying an additional 101 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of MACOM Technology Solutions during the fourth quarter worth approximately $33,000. 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.