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

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) had its target price upped by investment analysts at Barclays from $125.00 to $150.00 in a report released on Friday,Benzinga reports. The firm currently has an "overweight" rating on the semiconductor company's stock. Barclays's price target would suggest a potential upside of 21.70% from the company's current price.

Several other research analysts also recently weighed in on MTSI. Truist Financial began coverage on MACOM Technology Solutions in a research note on Friday, April 11th. They set a "buy" rating and a $125.00 target price for the company. Northland Capmk raised shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Bank of America cut their target price on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Stifel Nicolaus decreased their price target 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. Finally, BNP Paribas upgraded MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective for the company in a research note on Wednesday, April 9th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $130.91.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock traded up $0.64 on Friday, hitting $123.25. The company had a trading volume of 929,220 shares, compared to its average volume of 676,505. MACOM Technology Solutions has a twelve month low of $84.00 and a twelve month high of $152.50. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The firm has a market cap of $9.16 billion, a P/E ratio of -85.59, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36. The company has a 50-day moving average price of $103.68 and a 200-day moving average price of $120.88.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.01. The company had revenue of $235.89 million during the quarter, compared to the consensus estimate of $230.04 million. MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. MACOM Technology Solutions's revenue for the quarter was up 30.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 earnings per share. As a group, equities research analysts predict that MACOM Technology Solutions will post 2.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 6,471 shares of the firm's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $100.00, for a total value of $647,100.00. Following the completion of the sale, the senior vice president now directly owns 35,603 shares of the company's stock, valued at $3,560,300. This trade represents a 15.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan Ocampo sold 300,000 shares of MACOM Technology Solutions stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.13, for a total value of $37,239,000.00. Following the transaction, the director now owns 4,823,636 shares in the company, valued at approximately $598,757,936.68. This represents a 5.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 702,235 shares of company stock valued at $86,728,189 in the last ninety days. 16.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

A number of hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in MACOM Technology Solutions by 42.5% during the fourth quarter. GAMMA Investing LLC now owns 1,170 shares of the semiconductor company's stock worth $152,000 after purchasing an additional 349 shares during the period. Everence Capital Management Inc. purchased a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at approximately $201,000. Fulton Bank N.A. lifted its holdings in MACOM Technology Solutions by 7.7% in the fourth quarter. Fulton Bank N.A. now owns 5,281 shares of the semiconductor company's stock valued at $686,000 after acquiring an additional 377 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in MACOM Technology Solutions in the fourth quarter worth approximately $36,000. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in MACOM Technology Solutions during the fourth quarter worth $216,000. Hedge funds and other institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Company Profile

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.