Brokerages Set MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) PT at $128.00

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has earned an average recommendation of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $128.00.

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

MACOM Technology Solutions Trading Down 1.9 %

Shares of MTSI opened at $138.18 on Friday. 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 stock has a market cap of $10.00 billion, a PE ratio of 134.16, a PEG ratio of 2.42 and a beta of 1.71. MACOM Technology Solutions has a 1 year low of $79.25 and a 1 year high of $143.90. The stock has a 50 day simple moving average of $125.93 and a 200-day simple moving average of $112.49.

Insiders Place Their Bets

In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 4,742 shares of MACOM Technology Solutions stock in a transaction on Monday, October 28th. The shares were sold at an average price of $118.32, for a total transaction of $561,073.44. Following the completion of the sale, the chief executive officer now owns 65,577 shares of the company’s stock, valued at approximately $7,759,070.64. The trade was a 6.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Donghyun Thomas Hwang sold 1,500 shares of the stock in a transaction on 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 directly owns 37,102 shares in the company, valued at approximately $4,392,134.76. This trade represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 224,962 shares of company stock valued at $28,485,722. 22.75% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. grew its position in shares of MACOM Technology Solutions by 46.2% during the 3rd quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company’s stock worth $7,672,000 after buying an additional 21,786 shares during the period. Westfield Capital Management Co. LP boosted its stake in 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 acquiring an additional 210,151 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in MACOM Technology Solutions by 18.4% during the third quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock valued at $82,945,000 after purchasing an additional 116,090 shares during the period. Algert Global LLC grew its holdings in MACOM Technology Solutions by 103.6% during the third quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company’s stock valued at $1,315,000 after purchasing an additional 6,015 shares during the period. Finally, Millennium Management LLC increased its stake in MACOM Technology Solutions by 958.1% in the second 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. 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.