MACOM Technology Solutions (NASDAQ:MTSI) Price Target Raised to $160.00

MACOM Technology Solutions (NASDAQ:MTSI) had its target price boosted by Benchmark from $120.00 to $160.00 in a research report released on Friday morning,Benzinga reports. Benchmark currently has a buy rating on the semiconductor company’s stock.

A number of other analysts have also recently commented on MTSI. Piper Sandler boosted their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Needham & Company LLC upped their target price on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Barclays lifted their price target on MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Stifel Nicolaus increased their price objective on MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, JPMorgan Chase & Co. lifted their target price on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.91.

MACOM Technology Solutions Trading Down 2.4 %

MACOM Technology Solutions stock opened at $134.49 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.33 and a current ratio of 8.35. The stock has a market cap of $9.71 billion, a PE ratio of 130.57, a price-to-earnings-growth ratio of 5.25 and a beta of 1.69. The stock has a 50-day moving average of $111.09 and a two-hundred day moving average of $106.91. MACOM Technology Solutions has a one year low of $75.15 and a one year high of $140.27.

Insider Buying and Selling at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 305,395 shares of MACOM Technology Solutions stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $106.48, for a total transaction of $32,518,459.60. Following the completion of the transaction, the director now directly owns 6,550,889 shares of the company’s stock, valued at $697,538,660.72. The trade was a 0.00 % decrease in their position. 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 305,395 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $106.48, for a total transaction of $32,518,459.60. Following the sale, the director now directly owns 6,550,889 shares of the company’s stock, valued at $697,538,660.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Donghyun Thomas Hwang sold 1,500 shares of MACOM Technology Solutions stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $118.38, for a total value of $177,570.00. Following the completion of the transaction, the senior vice president now owns 37,102 shares of the company’s stock, valued at approximately $4,392,134.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 575,153 shares of company stock valued at $61,405,615. 22.75% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MTSI. Opal Wealth Advisors LLC acquired a new position in MACOM Technology Solutions during the second quarter worth $39,000. GAMMA Investing LLC raised its position in shares of MACOM Technology Solutions by 153.0% during the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 283 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in MACOM Technology Solutions in the 3rd quarter valued at about $66,000. FSC Wealth Advisors LLC acquired a new stake in MACOM Technology Solutions in the 2nd quarter worth about $78,000. Finally, Farther Finance Advisors LLC increased its stake in MACOM Technology Solutions by 303.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company’s stock worth $102,000 after buying an additional 692 shares in the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

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.