MACOM Technology Solutions (NASDAQ:MTSI) Price Target Increased to $115.00 by Analysts at Stifel Nicolaus

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

MTSI has been the topic of a number of other reports. TheStreet downgraded MACOM Technology Solutions from a b rating to a c+ rating in a research report on Thursday, February 1st. Needham & Company LLC upped their target price on MACOM Technology Solutions from $84.00 to $100.00 and gave the company a buy rating in a research note on Friday, February 2nd. Barclays upped their target price on MACOM Technology Solutions from $80.00 to $105.00 and gave the company an overweight rating in a research note on Tuesday, January 16th. Piper Sandler reaffirmed a neutral rating and set a $85.00 target price on shares of MACOM Technology Solutions in a research note on Thursday, January 4th. Finally, Evercore ISI initiated coverage on MACOM Technology Solutions in a research note on Tuesday. They set an outperform rating and a $120.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, MACOM Technology Solutions currently has an average rating of Moderate Buy and a consensus price target of $99.67.

MACOM Technology Solutions Trading Down 1.3 %

Shares of MTSI stock opened at $95.16 on Thursday. MACOM Technology Solutions has a 1 year low of $48.53 and a 1 year high of $104.90. The company has a debt-to-equity ratio of 0.48, a current ratio of 7.24 and a quick ratio of 5.69. The stock’s 50 day simple moving average is $92.99 and its two-hundred day simple moving average is $86.81. The company has a market cap of $6.86 billion, a PE ratio of 91.50, a price-to-earnings-growth ratio of 6.11 and a beta of 1.64.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. The business had revenue of $157.15 million for the quarter, compared to the consensus estimate of $151.12 million. Research analysts predict that MACOM Technology Solutions will post 2.02 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO John Kober sold 12,892 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 60,672 shares of the company’s stock, valued at $4,850,726.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other MACOM Technology Solutions news, CFO John Kober sold 12,892 shares of the company’s stock in a transaction 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 sale, the chief financial officer now owns 60,672 shares in the company, valued at $4,850,726.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Donghyun Thomas Hwang sold 6,234 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $87.77, for a total value of $547,158.18. Following the sale, the senior vice president now owns 57,722 shares of the company’s stock, valued at approximately $5,066,259.94. The disclosure for this sale can be found here. Insiders have sold a total of 811,058 shares of company stock valued at $68,674,574 over the last quarter. 22.75% of the stock is owned by corporate insiders.

Institutional Trading of MACOM Technology Solutions

A number of hedge funds have recently bought and sold shares of MTSI. Raymond James & Associates purchased a new stake in MACOM Technology Solutions during the first quarter worth $354,000. MetLife Investment Management LLC lifted its holdings in shares of MACOM Technology Solutions by 55.9% during the 1st quarter. MetLife Investment Management LLC now owns 26,105 shares of the semiconductor company’s stock valued at $1,563,000 after purchasing an additional 9,357 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of MACOM Technology Solutions by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 648,503 shares of the semiconductor company’s stock valued at $38,827,000 after purchasing an additional 13,293 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of MACOM Technology Solutions by 11.2% during the 1st quarter. Sei Investments Co. now owns 261,479 shares of the semiconductor company’s stock valued at $15,602,000 after purchasing an additional 26,291 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of MACOM Technology Solutions by 97.7% during the 1st quarter. Covestor Ltd now owns 1,621 shares of the semiconductor company’s stock valued at $97,000 after purchasing an additional 801 shares during the last quarter. Hedge funds and other 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.