MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Receives $125.91 Average PT from Brokerages

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) have received an average rating of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $125.91.

Several equities analysts have recently issued reports on MTSI shares. Benchmark upped their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a report on Friday, November 8th. Northland Securities upped their target price on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research report on Monday, November 11th. Piper Sandler lifted their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Barclays increased their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, 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 note on Friday, August 2nd.

Insider Activity

In related news, Director Susan Ocampo sold 70,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $106.26, for a total transaction of $7,438,200.00. Following the completion of the transaction, the director now owns 6,826,685 shares in the company, valued at $725,403,548.10. This represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert Dennehy sold 6,915 shares of MACOM Technology Solutions stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $101.38, for a total value of $701,042.70. Following the completion of the sale, the senior vice president now owns 19,481 shares in the company, valued at approximately $1,974,983.78. The trade was a 26.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 273,268 shares of company stock worth $32,128,941 in the last quarter. Corporate insiders own 22.75% of the company’s stock.

Institutional Trading of MACOM Technology Solutions

A number of institutional investors have recently made changes to their positions in the company. Millennium Management LLC lifted its holdings in 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 valued at $149,214,000 after purchasing an additional 1,212,094 shares in the last quarter. Hood River Capital Management LLC lifted its position in MACOM Technology Solutions by 280.5% during the second quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock worth $78,568,000 after buying an additional 519,603 shares in the last quarter. Vanguard Group Inc. boosted its stake 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 worth $592,395,000 after buying an additional 465,759 shares during the last quarter. Westfield Capital Management Co. LP increased its stake in shares of MACOM Technology Solutions by 21.0% in 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 acquiring an additional 210,151 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of MACOM Technology Solutions by 52.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company’s stock worth $59,037,000 after acquiring an additional 182,058 shares during the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

MACOM Technology Solutions Stock Performance

Shares of MTSI opened at $134.50 on Wednesday. MACOM Technology Solutions has a 12 month low of $79.25 and a 12 month high of $140.27. The stock has a fifty day moving average price of $116.33 and a 200-day moving average price of $108.57. The company has a current ratio of 8.35, a quick ratio of 6.55 and a debt-to-equity ratio of 0.43. The firm has a market cap of $9.74 billion, a PE ratio of 130.58, a P/E/G ratio of 2.31 and a beta of 1.69.

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.