MACOM Technology Solutions (NASDAQ:MTSI) Given New $154.00 Price Target at Truist Financial

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) had its price objective boosted by equities research analysts at Truist Financial from $136.00 to $154.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the semiconductor company's stock. Truist Financial's price objective would indicate a potential upside of 12.25% from the company's current price.

MTSI has been the topic of a number of other research reports. Bank of America increased their target price on MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. BNP Paribas raised MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price on the stock in a report on Wednesday, April 9th. Stifel Nicolaus lowered their target price on MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Barclays increased their target price on MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Finally, Benchmark reissued a "buy" rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a report on Friday, May 9th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $136.40.

MACOM Technology Solutions Stock Down 1.9%

Shares of NASDAQ MTSI traded down $2.66 during trading on Monday, reaching $137.19. The company had a trading volume of 477,374 shares, compared to its average volume of 667,326. The stock has a market cap of $10.20 billion, a PE ratio of -112.45, a P/E/G ratio of 2.65 and a beta of 1.43. The company has a quick ratio of 2.86, a current ratio of 3.56 and a debt-to-equity ratio of 0.31. MACOM Technology Solutions has a 12-month low of $84.00 and a 12-month high of $152.50. The business's 50-day moving average is $127.97 and its 200 day moving average is $120.95.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 EPS 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 company had revenue of $235.89 million for the quarter, compared to analysts' expectations of $230.04 million. During the same period last year, the firm posted $0.59 earnings per share. MACOM Technology Solutions's revenue was up 30.2% compared to the same quarter last year. As a group, equities analysts forecast that MACOM Technology Solutions will post 2.43 earnings per share for the current fiscal year.

Insider Transactions at MACOM Technology Solutions

In other news, SVP Robert Dennehy sold 5,000 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $140.42, for a total value of $702,100.00. Following the transaction, the senior vice president owned 15,680 shares of the company's stock, valued at $2,201,785.60. This trade represents a 24.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John Kober sold 2,250 shares of MACOM Technology Solutions stock in a transaction that occurred 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 sale, the chief financial officer directly owned 47,128 shares in the company, valued at $5,921,633.20. This trade represents a 4.56% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 454,227 shares of company stock valued at $56,118,317. Company insiders own 16.30% of the company's stock.

Institutional Trading of MACOM Technology Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in MTSI. US Bancorp DE raised its stake in MACOM Technology Solutions by 253.1% during the 4th quarter. US Bancorp DE now owns 4,806 shares of the semiconductor company's stock valued at $624,000 after purchasing an additional 3,445 shares during the period. Smartleaf Asset Management LLC grew its holdings in MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock valued at $36,000 after buying an additional 138 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of MACOM Technology Solutions during the 4th quarter worth approximately $35,000. Charles Schwab Investment Management Inc. boosted its position in shares of MACOM Technology Solutions by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company's stock valued at $69,157,000 after acquiring an additional 1,719 shares during the last quarter. Finally, M&T Bank Corp boosted its position in shares of MACOM Technology Solutions by 8.0% during the 4th quarter. M&T Bank Corp now owns 2,143 shares of the semiconductor company's stock valued at $278,000 after acquiring an additional 158 shares during the last quarter. Institutional investors 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.