MACOM Technology Solutions (NASDAQ:MTSI) Stock Rating Reaffirmed by Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of MACOM Technology Solutions (NASDAQ:MTSI - Free Report) in a research note released on Monday, Benzinga reports. The brokerage currently has a $135.00 price objective on the semiconductor company's stock, up from their prior price objective of $100.00.

MTSI has been the topic of several other research reports. Needham & Company LLC lifted their price objective on MACOM Technology Solutions from $100.00 to $110.00 and gave the stock a buy rating in a report on Friday, May 3rd. TheStreet downgraded MACOM Technology Solutions from a b rating to a c+ rating in a report on Thursday, February 1st. Stifel Nicolaus increased their target price on MACOM Technology Solutions from $105.00 to $115.00 and gave the stock a buy rating in a report on Thursday, April 18th. Craig Hallum boosted their price target on MACOM Technology Solutions from $95.00 to $120.00 and gave the company a buy rating in a research note on Friday, May 3rd. Finally, Barclays increased their target price on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the stock an overweight rating in a research report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $111.00.

MACOM Technology Solutions Stock Up 0.7 %

NASDAQ:MTSI traded up $0.67 during mid-day trading on Monday, reaching $102.61. The stock had a trading volume of 514,454 shares, compared to its average volume of 528,726. The company has a debt-to-equity ratio of 0.47, a current ratio of 7.34 and a quick ratio of 5.70. The stock has a market cap of $7.40 billion, a P/E ratio of 117.06, a PEG ratio of 8.25 and a beta of 1.65. The business's 50 day moving average is $97.57 and its 200 day moving average is $89.33. MACOM Technology Solutions has a fifty-two week low of $55.43 and a fifty-two week high of $107.00.

Insider Buying and Selling at MACOM Technology Solutions

In other news, SVP Donghyun Thomas Hwang sold 9,397 shares of the company's stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $92.24, for a total value of $866,779.28. Following the transaction, the senior vice president now owns 48,325 shares of the company's stock, valued at $4,457,498. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Susan Ocampo sold 115,313 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $85.58, for a total transaction of $9,868,486.54. Following the sale, the director now directly owns 7,130,355 shares of the company's stock, valued at approximately $610,215,780.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Donghyun Thomas Hwang sold 9,397 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $92.24, for a total value of $866,779.28. Following the completion of the sale, the senior vice president now owns 48,325 shares of the company's stock, valued at $4,457,498. The disclosure for this sale can be found here. Insiders sold 426,721 shares of company stock valued at $38,753,124 in the last quarter. 22.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MACOM Technology Solutions

A number of institutional investors have recently added to or reduced their stakes in MTSI. Vanguard Group Inc. lifted its position in MACOM Technology Solutions by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company's stock worth $592,395,000 after buying an additional 465,759 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in MACOM Technology Solutions by 15.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 17,965 shares of the semiconductor company's stock worth $1,718,000 after purchasing an additional 2,337 shares during the period. ProShare Advisors LLC lifted its stake in MACOM Technology Solutions by 6.6% in the first quarter. ProShare Advisors LLC now owns 12,633 shares of the semiconductor company's stock worth $1,208,000 after purchasing an additional 780 shares during the last quarter. Russell Investments Group Ltd. boosted its position in MACOM Technology Solutions by 303.7% during the first quarter. Russell Investments Group Ltd. now owns 23,591 shares of the semiconductor company's stock valued at $2,256,000 after buying an additional 17,748 shares during the period. Finally, Sei Investments Co. grew its stake in shares of MACOM Technology Solutions by 14.4% during the first quarter. Sei Investments Co. now owns 297,615 shares of the semiconductor company's stock valued at $28,464,000 after buying an additional 37,407 shares during the last quarter. 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.