Barclays Raises MACOM Technology Solutions (NASDAQ:MTSI) Price Target to $160.00

MACOM Technology Solutions (NASDAQ:MTSI) had its price target increased by Barclays from $120.00 to $160.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the semiconductor company’s stock. Barclays‘s price objective indicates a potential upside of 16.06% from the stock’s current price.

A number of other equities analysts have also commented on MTSI. Piper Sandler boosted their price target on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Benchmark raised their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a report on Friday. Needham & Company LLC boosted 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. Finally, Stifel Nicolaus raised their target price on MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.00.

MACOM Technology Solutions Stock Down 0.9 %

Shares of NASDAQ MTSI opened at $137.86 on Friday. MACOM Technology Solutions has a 52-week low of $72.15 and a 52-week high of $140.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.33 and a current ratio of 8.18. The business has a fifty day moving average of $110.59 and a two-hundred day moving average of $106.63. The stock has a market cap of $9.95 billion, a PE ratio of 140.67, a PEG ratio of 4.64 and a beta of 1.69.

Insider Activity

In other MACOM Technology Solutions news, SVP Robert Dennehy sold 6,915 shares of MACOM Technology Solutions stock in a transaction 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 sale, 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 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Robert Dennehy sold 6,915 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was 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 directly owns 19,481 shares in the company, valued at approximately $1,974,983.78. 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 through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 4,375 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $104.57, for a total value of $457,493.75. Following the completion of the sale, the senior vice president now directly owns 37,148 shares of the company’s stock, valued at approximately $3,884,566.36. 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 quarter, insiders have sold 670,896 shares of company stock valued at $71,284,378. 22.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

Several large investors have recently modified their holdings of the business. Intech Investment Management LLC bought a new stake in shares of MACOM Technology Solutions during the third quarter worth $279,000. Jennison Associates LLC raised its stake in shares of MACOM Technology Solutions by 15.5% in the 3rd quarter. Jennison Associates LLC now owns 529,817 shares of the semiconductor company’s stock valued at $58,947,000 after purchasing an additional 71,123 shares during the period. Avior Wealth Management LLC lifted its holdings in shares of MACOM Technology Solutions by 3.4% in the third 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. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of MACOM Technology Solutions in the third quarter valued at about $1,577,000. Finally, Pathstone Holdings LLC boosted its position in shares of MACOM Technology Solutions by 7.5% during the third quarter. Pathstone Holdings LLC now owns 18,553 shares of the semiconductor company’s stock worth $2,064,000 after buying an additional 1,294 shares during the period. 76.14% of the stock is currently owned by institutional investors.

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.