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

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) have been given an average rating of “Moderate Buy” by the eleven analysts that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $125.91.

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. 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. Piper Sandler raised their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Northland Securities increased their target price on shares of 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. Finally, Benchmark increased their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, November 8th.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI opened at $134.50 on Wednesday. MACOM Technology Solutions has a 52-week low of $79.25 and a 52-week high of $140.27. The company has a 50-day simple moving average of $115.67 and a 200 day simple moving average of $108.27. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.55 and a current ratio of 8.35. The company has a market capitalization of $9.74 billion, a PE ratio of 130.58, a price-to-earnings-growth ratio of 2.20 and a beta of 1.69.

Insider Activity

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 4,375 shares of MACOM Technology Solutions stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $104.57, for a total transaction of $457,493.75. Following the completion of the sale, the senior vice president now directly owns 37,148 shares in the company, valued at $3,884,566.36. The trade was a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO John Kober sold 19,470 shares of MACOM Technology Solutions stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $126.88, for a total transaction of $2,470,353.60. Following the sale, the chief financial officer now owns 51,489 shares of the company’s stock, valued at approximately $6,532,924.32. The trade was a 27.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 273,268 shares of company stock worth $32,128,941. 22.75% of the stock is owned by company insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

Several hedge funds have recently bought and sold shares of the stock. Opal Wealth Advisors LLC purchased a new position in shares of MACOM Technology Solutions during the second quarter worth approximately $39,000. GAMMA Investing LLC raised its stake in shares of MACOM Technology Solutions by 153.0% during the second quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock worth $52,000 after acquiring an additional 283 shares in the last quarter. Quarry LP purchased a new position in shares of MACOM Technology Solutions during the third quarter worth approximately $57,000. Allspring Global Investments Holdings LLC purchased a new position in shares of MACOM Technology Solutions during the third quarter worth approximately $66,000. Finally, FSC Wealth Advisors LLC purchased a new position in shares of MACOM Technology Solutions during the second quarter worth approximately $78,000. 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.