MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Given Consensus Rating of “Moderate Buy” by Analysts

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $128.00.

Several research analysts have weighed in on MTSI shares. Northland Securities boosted their price objective on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th. Benchmark boosted their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Barclays raised their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Finally, Piper Sandler boosted their target price 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.

Insider Buying and Selling

In related news, SVP Robert Dennehy sold 6,915 shares of the business’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 transaction, the senior vice president now owns 19,481 shares of the company’s stock, valued at approximately $1,974,983.78. The trade was a 26.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 transaction of $801,438.66. Following the completion of the sale, the chief executive officer now owns 55,826 shares in the company, valued at $6,282,099.78. This represents a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 231,877 shares of company stock valued at $29,186,765. Company insiders own 22.75% of the company’s stock.

Institutional Investors Weigh In On MACOM Technology Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC raised its holdings in shares of MACOM Technology Solutions by 7.3% during the 2nd quarter. CWM LLC now owns 1,451 shares of the semiconductor company’s stock valued at $162,000 after buying an additional 99 shares in the last quarter. EP Wealth Advisors LLC raised its stake in shares of MACOM Technology Solutions by 4.3% during the second quarter. EP Wealth Advisors LLC now owns 2,602 shares of the semiconductor company’s stock worth $290,000 after acquiring an additional 107 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of 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 worth $264,000 after acquiring an additional 137 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of MACOM Technology Solutions by 3.4% in the 3rd quarter. Avior Wealth Management LLC now owns 4,802 shares of the semiconductor company’s stock valued at $534,000 after purchasing an additional 157 shares in the last quarter. Finally, Chartwell Investment Partners LLC boosted its stake in shares of MACOM Technology Solutions by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 25,014 shares of the semiconductor company’s stock valued at $2,783,000 after purchasing an additional 199 shares in the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

MACOM Technology Solutions Price Performance

Shares of NASDAQ MTSI opened at $139.04 on Friday. The company has a market capitalization of $10.07 billion, a PE ratio of 134.99, a PEG ratio of 2.42 and a beta of 1.71. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average price is $125.31 and its 200-day moving average price is $112.14. MACOM Technology Solutions has a twelve month low of $79.25 and a twelve month high of $143.90.

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.