MACOM Technology Solutions (NASDAQ:MTSI) Price Target Raised to $155.00

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) had its price objective increased by investment analysts at Stifel Nicolaus from $140.00 to $155.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the semiconductor company's stock. Stifel Nicolaus' target price points to a potential upside of 10.60% from the stock's previous close.

A number of other equities research analysts have also commented on MTSI. BNP Paribas raised MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target on the stock in a research report on Wednesday, April 9th. Bank of America raised their price target on MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Benchmark reaffirmed a "buy" rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Wall Street Zen downgraded MACOM Technology Solutions from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Truist Financial increased their price objective on MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $139.90.

MACOM Technology Solutions Trading Down 1.1%

Shares of MTSI traded down $1.61 during trading hours on Friday, hitting $140.15. 9,321 shares of the stock traded hands, compared to its average volume of 663,002. The company has a current ratio of 3.56, a quick ratio of 2.86 and a debt-to-equity ratio of 0.31. MACOM Technology Solutions has a 1-year low of $84.00 and a 1-year high of $152.50. The firm has a market capitalization of $10.42 billion, a PE ratio of -115.02, a price-to-earnings-growth ratio of 2.66 and a beta of 1.43. The business has a fifty day moving average of $130.98 and a 200-day moving average of $121.10.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.01. MACOM Technology Solutions had a positive return on equity of 13.32% and a negative net margin of 10.24%. The firm had revenue of $235.89 million for the quarter, compared to analyst estimates of $230.04 million. During the same quarter in the prior year, the firm posted $0.59 earnings per share. The company's quarterly revenue was up 30.2% on a year-over-year basis. Analysts expect that MACOM Technology Solutions will post 2.43 EPS for the current year.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 14,665 shares of MACOM Technology Solutions stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $122.71, for a total value of $1,799,542.15. Following the completion of the transaction, the chief executive officer directly owned 36,327 shares of the company's stock, valued at $4,457,686.17. The trade was a 28.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Kober sold 2,250 shares of MACOM Technology Solutions stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $125.65, for a total value of $282,712.50. Following the completion of the transaction, the chief financial officer directly owned 47,128 shares of the company's stock, valued at $5,921,633.20. This represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 454,227 shares of company stock worth $56,118,317 in the last three months. 16.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On MACOM Technology Solutions

Institutional investors have recently modified their holdings of the business. Opal Wealth Advisors LLC acquired a new position in shares of MACOM Technology Solutions during the 1st quarter worth $25,000. Elequin Capital LP bought a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at about $26,000. Versant Capital Management Inc boosted its position in shares of MACOM Technology Solutions by 9,400.0% during the 1st quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 282 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of MACOM Technology Solutions during the 1st quarter valued at about $34,000. Finally, Allworth Financial LP boosted its position in shares of MACOM Technology Solutions by 131.3% during the 1st quarter. Allworth Financial LP now owns 347 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 197 shares in the last quarter. 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.

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