Analysts Set MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Price Target at $133.50

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eleven research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $133.50.

Several research firms recently weighed in on MTSI. Bank of America raised their target price on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Barclays raised their target price on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Benchmark reaffirmed a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research note on Friday, May 9th. Truist Financial started coverage on shares of MACOM Technology Solutions in a research report on Friday, April 11th. They set a "buy" rating and a $125.00 price objective for the company. Finally, Stifel Nicolaus lowered their price objective on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, April 17th.

Insider Buying and Selling

In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 2,380 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $125.70, for a total value of $299,166.00. Following the completion of the sale, the chief executive officer owned 24,573 shares of the company's stock, valued at $3,088,826.10. This trade represents a 8.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Donghyun Thomas Hwang sold 4,944 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $118.59, for a total transaction of $586,308.96. Following the completion of the sale, the senior vice president directly owned 30,659 shares of the company's stock, valued at approximately $3,635,850.81. The trade was a 13.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 454,227 shares of company stock worth $56,118,317 over the last three months. 16.30% of the stock is currently owned by company insiders.

Institutional Trading of MACOM Technology Solutions

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in MACOM Technology Solutions by 2.0% in the first quarter. Vanguard Group Inc. now owns 6,646,452 shares of the semiconductor company's stock worth $667,171,000 after purchasing an additional 129,201 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of MACOM Technology Solutions by 38.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company's stock valued at $519,399,000 after acquiring an additional 1,120,510 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of MACOM Technology Solutions by 2.4% during the first quarter. Alliancebernstein L.P. now owns 1,468,782 shares of the semiconductor company's stock valued at $147,436,000 after acquiring an additional 34,214 shares in the last quarter. GW&K Investment Management LLC raised its stake in shares of MACOM Technology Solutions by 9.9% during the first quarter. GW&K Investment Management LLC now owns 1,275,048 shares of the semiconductor company's stock valued at $127,990,000 after acquiring an additional 114,780 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of MACOM Technology Solutions by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,022,565 shares of the semiconductor company's stock valued at $132,882,000 after acquiring an additional 6,784 shares in the last quarter. Institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Stock Performance

MTSI traded up $1.39 during trading on Thursday, hitting $141.20. The company's stock had a trading volume of 428,144 shares, compared to its average volume of 670,932. The company has a quick ratio of 2.86, a current ratio of 3.56 and a debt-to-equity ratio of 0.31. MACOM Technology Solutions has a one year low of $84.00 and a one year high of $152.50. The firm has a market cap of $10.50 billion, a PE ratio of -115.73, a P/E/G ratio of 2.71 and a beta of 1.43. The business's 50 day simple moving average is $125.88 and its 200-day simple moving average is $120.80.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.01. The firm had revenue of $235.89 million during the quarter, compared to analysts' expectations of $230.04 million. MACOM Technology Solutions had a negative net margin of 10.24% and a positive return on equity of 13.32%. The company's revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 earnings per share. As a group, sell-side analysts predict that MACOM Technology Solutions will post 2.43 EPS for the current fiscal year.

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.