MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Receives $120.00 Average PT from Brokerages

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) have earned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $120.00.

A number of research analysts recently issued reports on MTSI shares. Stifel Nicolaus boosted their price target on MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. boosted their target price on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Benchmark reaffirmed a “buy” rating and issued a $120.00 price target on shares of MACOM Technology Solutions in a research note on Thursday, September 12th. Piper Sandler boosted their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, Barclays upped their price objective on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd.

Insiders Place Their Bets

In related news, SVP Robert Dennehy sold 6,915 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $101.38, for a total transaction of $701,042.70. Following the completion of the sale, the senior vice president now owns 19,481 shares of the company’s stock, valued at $1,974,983.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Robert Dennehy sold 6,915 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $101.38, for a total transaction of $701,042.70. Following the sale, the senior vice president now directly owns 19,481 shares of the company’s stock, valued at $1,974,983.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Susan Ocampo sold 95,743 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $103.18, for a total value of $9,878,762.74. Following the completion of the transaction, the director now directly owns 6,876,284 shares of the company’s stock, valued at approximately $709,494,983.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 669,396 shares of company stock valued at $71,106,808. Insiders own 22.75% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Michigan Retirement System raised its stake in MACOM Technology Solutions by 3.8% during the 1st quarter. State of Michigan Retirement System now owns 13,500 shares of the semiconductor company’s stock valued at $1,291,000 after buying an additional 500 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in MACOM Technology Solutions by 1.0% in the first quarter. Retirement Systems of Alabama now owns 98,178 shares of the semiconductor company’s stock valued at $9,390,000 after acquiring an additional 998 shares during the period. Fidelis Capital Partners LLC purchased a new position in MACOM Technology Solutions in the first quarter worth about $77,000. RiverPark Advisors LLC grew its stake in shares of MACOM Technology Solutions by 361.3% during the 1st quarter. RiverPark Advisors LLC now owns 4,258 shares of the semiconductor company’s stock valued at $407,000 after purchasing an additional 3,335 shares during the period. Finally, Texas Permanent School Fund Corp increased its position in shares of MACOM Technology Solutions by 2.5% during the 1st quarter. Texas Permanent School Fund Corp now owns 47,935 shares of the semiconductor company’s stock valued at $4,585,000 after purchasing an additional 1,185 shares during the last quarter. Institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Stock Up 0.2 %

Shares of NASDAQ MTSI opened at $112.65 on Friday. The company has a market cap of $8.13 billion, a price-to-earnings ratio of 114.95, a PEG ratio of 4.49 and a beta of 1.70. The company has a quick ratio of 6.33, a current ratio of 8.18 and a debt-to-equity ratio of 0.45. The firm’s fifty day moving average is $108.55 and its 200 day moving average is $105.43. MACOM Technology Solutions has a 52 week low of $71.01 and a 52 week high of $122.60.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.66. The firm had revenue of $190.50 million for the quarter, compared to analysts’ expectations of $190.42 million. MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 earnings per share. On average, equities research analysts expect that MACOM Technology Solutions will post 1.89 earnings per share for the current year.

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.