Stifel Nicolaus Boosts MACOM Technology Solutions (NASDAQ:MTSI) Price Target to $115.00

MACOM Technology Solutions (NASDAQ:MTSI - Free Report) had its price objective boosted by Stifel Nicolaus from $105.00 to $115.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a buy rating on the semiconductor company's stock.

Other analysts have also recently issued reports about the stock. Evercore ISI started coverage on shares of MACOM Technology Solutions in a report on Tuesday. They issued an outperform rating and a $120.00 price target on the stock. Piper Sandler reaffirmed a neutral rating and issued a $85.00 price target on shares of MACOM Technology Solutions in a report on Thursday, January 4th. Needham & Company LLC upped their price target on shares of MACOM Technology Solutions from $84.00 to $100.00 and gave the company a buy rating in a report on Friday, February 2nd. TheStreet cut shares of MACOM Technology Solutions from a b rating to a c+ rating in a report on Thursday, February 1st. Finally, Barclays upped their price target on shares of MACOM Technology Solutions from $80.00 to $105.00 and gave the company an overweight rating in a report on Tuesday, January 16th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $99.67.

MACOM Technology Solutions Stock Down 1.3 %

Shares of NASDAQ MTSI traded down $1.23 during trading on Thursday, reaching $95.16. 502,243 shares of the stock were exchanged, compared to its average volume of 508,133. The business's 50-day moving average price is $92.99 and its 200 day moving average price is $86.81. MACOM Technology Solutions has a twelve month low of $48.53 and a twelve month high of $104.90. 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 company has a market capitalization of $6.86 billion, a price-to-earnings ratio of 91.50, a price-to-earnings-growth ratio of 6.33 and a beta of 1.64.

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

Insiders Place Their Bets

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 6,234 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $87.77, for a total transaction of $547,158.18. Following the sale, the senior vice president now directly owns 57,722 shares of the company's stock, valued at $5,066,259.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Donghyun Thomas Hwang sold 6,234 shares of the company's stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $87.77, for a total transaction of $547,158.18. Following the completion of the transaction, the senior vice president now owns 57,722 shares in the company, valued at $5,066,259.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan Ocampo sold 200,000 shares of the company's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $82.39, for a total transaction of $16,478,000.00. Following the transaction, the director now owns 7,645,668 shares of the company's stock, valued at approximately $629,926,586.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 811,058 shares of company stock valued at $68,674,574. Company insiders own 22.75% of the company's stock.

Hedge Funds Weigh In On MACOM Technology Solutions

Institutional investors have recently modified their holdings of the company. Riverview Trust Co bought a new position in shares of MACOM Technology Solutions during the first quarter worth about $47,000. Ensign Peak Advisors Inc bought a new position in MACOM Technology Solutions in the 3rd quarter valued at about $29,000. RiverPark Advisors LLC bought a new position in MACOM Technology Solutions in the 3rd quarter valued at about $58,000. Harvest Fund Management Co. Ltd bought a new position in MACOM Technology Solutions in the 4th quarter valued at about $69,000. Finally, Point72 Middle East FZE bought a new position in MACOM Technology Solutions in the 4th quarter valued at about $85,000. 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.