MACOM Technology Solutions (NASDAQ:MTSI) Shares Gap Up – What’s Next?

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) gapped up before the market opened on Thursday . The stock had previously closed at $121.92, but opened at $140.00. MACOM Technology Solutions shares last traded at $133.65, with a volume of 156,222 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on MTSI. JPMorgan Chase & Co. increased their price objective on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Needham & Company LLC raised their price objective on MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Benchmark reiterated a “buy” rating and issued a $120.00 target price on shares of MACOM Technology Solutions in a report on Thursday, September 12th. Stifel Nicolaus raised their price target on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Piper Sandler upped 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 note on Friday, October 25th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.00.

MACOM Technology Solutions Stock Up 13.0 %

The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 136.32, a price-to-earnings-growth ratio of 4.33 and a beta of 1.69. The firm’s fifty day moving average price is $109.42 and its two-hundred day moving average price is $106.05. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.18 and a quick ratio of 6.33.

Insider Buying and Selling

In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 7,122 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $112.53, for a total value of $801,438.66. Following the completion of the sale, the chief executive officer now owns 55,826 shares of the company’s stock, valued at approximately $6,282,099.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other MACOM Technology Solutions news, SVP Robert Dennehy sold 6,683 shares of MACOM Technology Solutions stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $106.78, for a total transaction of $713,610.74. Following the completion of the transaction, the senior vice president now owns 26,396 shares in the company, valued at approximately $2,818,564.88. 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 accessible through the SEC website. Also, CEO Stephen G. Daly sold 7,122 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $112.53, for a total value of $801,438.66. Following the completion of the sale, the chief executive officer now directly owns 55,826 shares of the company’s stock, valued at approximately $6,282,099.78. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 669,396 shares of company stock valued at $71,106,808. 22.75% of the stock is owned by company insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

Several institutional investors have recently bought and sold shares of MTSI. CWM LLC boosted its holdings in MACOM Technology Solutions by 7.3% during the 2nd quarter. CWM LLC now owns 1,451 shares of the semiconductor company’s stock worth $162,000 after acquiring an additional 99 shares during the last quarter. EP Wealth Advisors LLC grew its position in MACOM Technology Solutions by 4.3% in the 2nd quarter. EP Wealth Advisors LLC now owns 2,602 shares of the semiconductor company’s stock worth $290,000 after purchasing an additional 107 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in MACOM Technology Solutions by 6.1% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,371 shares of the semiconductor company’s stock valued at $264,000 after buying an additional 137 shares during the last quarter. Chartwell Investment Partners LLC lifted its position in shares of MACOM Technology Solutions by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 25,014 shares of the semiconductor company’s stock worth $2,783,000 after buying an additional 199 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in shares of MACOM Technology Solutions by 0.6% in the 2nd quarter. TD Asset Management Inc now owns 39,244 shares of the semiconductor company’s stock worth $4,375,000 after buying an additional 244 shares during the last quarter. 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.