MACOM Technology Solutions (NASDAQ:MTSI) Hits New 12-Month High at $100.28

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $100.28 and last traded at $99.91, with a volume of 61446 shares traded. The stock had previously closed at $95.64.

Analysts Set New Price Targets

MTSI has been the topic of a number of recent research reports. Bank of America raised MACOM Technology Solutions from a "neutral" rating to a "buy" rating and lifted their target price for the company from $90.00 to $105.00 in a research report on Friday, December 15th. Needham & Company LLC lifted their target price on MACOM Technology Solutions from $84.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. Stifel Nicolaus lifted their target price on MACOM Technology Solutions from $90.00 to $105.00 and gave the company a "buy" rating in a research report on Tuesday, January 2nd. TheStreet lowered MACOM Technology Solutions from a "b" rating to a "c+" rating in a research report on Thursday, February 1st. Finally, Piper Sandler reissued a "neutral" rating and issued a $85.00 target price on shares of MACOM Technology Solutions in a research report on Thursday, January 4th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, MACOM Technology Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $94.67.

MACOM Technology Solutions Stock Performance

The company has a quick ratio of 5.69, a current ratio of 7.24 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $89.35 and a two-hundred day simple moving average of $85.03. The stock has a market capitalization of $7.04 billion, a P/E ratio of 93.87, a P/E/G ratio of 6.06 and a beta of 1.64.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its earnings results on Thursday, February 1st. The semiconductor company reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. The company had revenue of $157.15 million during the quarter, compared to the consensus estimate of $151.12 million. On average, equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.02 EPS for the current fiscal year.

Insider Transactions at MACOM Technology Solutions

In other news, CFO John Kober sold 12,892 shares of MACOM Technology Solutions stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $79.95, for a total transaction of $1,030,715.40. Following the completion of the transaction, the chief financial officer now directly owns 60,672 shares in the company, valued at approximately $4,850,726.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO John Kober sold 12,892 shares of the business's stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $79.95, for a total value of $1,030,715.40. Following the completion of the sale, the chief financial officer now directly owns 60,672 shares in the company, valued at approximately $4,850,726.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Robert Dennehy sold 2,500 shares of the business's stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $82.36, for a total value of $205,900.00. Following the completion of the sale, the senior vice president now owns 37,407 shares of the company's stock, valued at $3,080,840.52. The disclosure for this sale can be found here. In the last three months, insiders sold 813,558 shares of company stock worth $68,880,474. 22.75% of the stock is owned by company insiders.

Institutional Trading of MACOM Technology Solutions

Institutional investors have recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc bought a new stake in MACOM Technology Solutions in the 3rd quarter valued at $29,000. RiverPark Advisors LLC bought a new stake in MACOM Technology Solutions in the 3rd quarter valued at $58,000. Point72 Hong Kong Ltd raised its holdings in MACOM Technology Solutions by 69.9% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,451 shares of the semiconductor company's stock valued at $67,000 after acquiring an additional 597 shares in the last quarter. Captrust Financial Advisors raised its holdings in MACOM Technology Solutions by 26.6% in the 2nd quarter. Captrust Financial Advisors now owns 1,466 shares of the semiconductor company's stock valued at $68,000 after acquiring an additional 308 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in MACOM Technology Solutions in the 4th quarter valued at $69,000. 76.14% of the stock is currently owned by institutional investors.

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.