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

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) have earned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $128.00.

MTSI has been the subject of several recent research reports. Northland Securities increased their price target 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. Barclays upped their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Piper Sandler increased their target price on 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, Benchmark increased their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, November 8th.

Insider Transactions at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $118.38, for a total value of $177,570.00. Following the completion of the sale, the senior vice president now directly owns 37,102 shares of the company’s stock, valued at $4,392,134.76. The trade was a 3.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Ambra R. Roth sold 1,366 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $139.07, for a total value of $189,969.62. Following the completion of the sale, the senior vice president now directly owns 6,564 shares of the company’s stock, valued at $912,855.48. The trade was a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 220,032 shares of company stock valued at $28,080,365. Corporate insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On MACOM Technology Solutions

Several institutional investors have recently modified their holdings of MTSI. Westfield Capital Management Co. LP grew its holdings in MACOM Technology Solutions by 21.0% during the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock valued at $134,686,000 after purchasing an additional 210,151 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of MACOM Technology Solutions by 52.2% during the third 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 in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of MACOM Technology Solutions by 18.4% in the third quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock worth $82,945,000 after buying an additional 116,090 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of MACOM Technology Solutions in the third quarter worth $11,005,000. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of MACOM Technology Solutions in the third quarter worth $8,916,000. 76.14% of the stock is owned by institutional investors.

MACOM Technology Solutions Stock Up 1.1 %

MTSI stock opened at $132.25 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55. The stock has a market capitalization of $9.83 billion, a P/E ratio of 128.40, a P/E/G ratio of 2.22 and a beta of 1.71. The business has a 50-day moving average of $136.15 and a 200-day moving average of $119.10. MACOM Technology Solutions has a fifty-two week low of $79.25 and a fifty-two week high of $152.50.

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.