MACOM Technology Solutions (NASDAQ:MTSI) Price Target Raised to $105.00

MACOM Technology Solutions (NASDAQ:MTSI) had its price objective raised by Northland Securities from $85.00 to $105.00 in a research note published on Monday morning,Benzinga reports. Northland Securities currently has a market perform rating on the semiconductor company’s stock.

Several other analysts have also recently issued reports on the company. Needham & Company LLC upped their price objective on MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price objective on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Barclays increased their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Stifel Nicolaus boosted their price objective on MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, Piper Sandler raised their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, MACOM Technology Solutions has an average rating of “Moderate Buy” and a consensus target price of $125.91.

MACOM Technology Solutions Price Performance

MTSI stock opened at $128.71 on Monday. The company has a market capitalization of $9.29 billion, a PE ratio of 124.96, a price-to-earnings-growth ratio of 2.47 and a beta of 1.69. The company’s fifty day moving average price is $112.34 and its 200-day moving average price is $107.28. MACOM Technology Solutions has a one year low of $79.25 and a one year high of $140.27. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.55 and a current ratio of 8.35.

Insider Activity

In other MACOM Technology Solutions news, Director Susan Ocampo sold 93,728 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $106.32, for a total value of $9,965,160.96. Following the completion of the sale, the director now directly owns 6,302,256 shares of the company’s stock, valued at $670,055,857.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Stephen G. Daly sold 21,012 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $109.40, for a total transaction of $2,298,712.80. Following the transaction, the chief executive officer now owns 64,472 shares in the company, valued at approximately $7,053,236.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Susan Ocampo sold 93,728 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $106.32, for a total transaction of $9,965,160.96. Following the completion of the sale, the director now directly owns 6,302,256 shares of the company’s stock, valued at approximately $670,055,857.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 269,758 shares of company stock valued at $28,887,156. 22.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in MACOM Technology Solutions by 8.1% during the first quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock valued at $592,395,000 after buying an additional 465,759 shares during the period. Price T Rowe Associates Inc. MD boosted its position in MACOM Technology Solutions by 12.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company’s stock valued at $132,821,000 after acquiring an additional 154,066 shares in the last quarter. Millennium Management LLC raised its position in shares of MACOM Technology Solutions by 958.1% in the 2nd quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock worth $149,214,000 after acquiring an additional 1,212,094 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in shares of MACOM Technology Solutions by 21.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after purchasing an additional 210,151 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in MACOM Technology Solutions by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 993,316 shares of the semiconductor company’s stock valued at $110,722,000 after purchasing an additional 69,689 shares in 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.