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

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) had its price objective hoisted by equities researchers at Stifel Nicolaus from $140.00 to $155.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the semiconductor company's stock. Stifel Nicolaus' price target would indicate a potential upside of 8.98% from the company's current price.

A number of other equities analysts have also recently commented on the stock. Wall Street Zen cut shares of MACOM Technology Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Barclays lifted their target price on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Benchmark reiterated a "buy" rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Bank of America lifted their target price on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Finally, BNP Paribas raised 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 research report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $139.90.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI traded up $0.12 during mid-day trading on Friday, hitting $142.23. The company had a trading volume of 59,839 shares, compared to its average volume of 661,189. The company has a market capitalization of $10.57 billion, a price-to-earnings ratio of -116.59, a P/E/G ratio of 2.74 and a beta of 1.43. MACOM Technology Solutions has a 1 year low of $84.00 and a 1 year high of $152.50. The company has a current ratio of 3.56, a quick ratio of 2.86 and a debt-to-equity ratio of 0.31. The stock's 50-day moving average price is $131.46 and its 200-day moving average price is $121.07.

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

Insider Activity

In related news, SVP Robert Dennehy sold 5,000 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $140.42, for a total transaction of $702,100.00. Following the sale, the senior vice president owned 15,680 shares of the company's stock, valued at $2,201,785.60. The trade was a 24.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan Ocampo sold 104,449 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $123.98, for a total transaction of $12,949,587.02. Following the sale, the director directly owned 4,118,621 shares in the company, valued at $510,626,631.58. The trade was a 2.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 454,227 shares of company stock worth $56,118,317. 16.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MACOM Technology Solutions

Several institutional investors and hedge funds have recently modified their holdings of MTSI. Opal Wealth Advisors LLC bought a new position in shares of MACOM Technology Solutions during the first quarter valued at $25,000. Elequin Capital LP bought a new stake in shares of MACOM Technology Solutions in the fourth quarter worth $26,000. Versant Capital Management Inc grew its holdings in shares of MACOM Technology Solutions by 9,400.0% in the first quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 282 shares during the period. SVB Wealth LLC bought a new position in MACOM Technology Solutions in the 1st quarter worth $34,000. Finally, Allworth Financial LP raised its holdings in MACOM Technology Solutions by 131.3% in the 1st quarter. Allworth Financial LP now owns 347 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 197 shares during the period. 76.14% of the stock is currently owned by 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.