MACOM Technology Solutions (NASDAQ:MTSI) Given New $115.00 Price Target at Stifel Nicolaus

MACOM Technology Solutions (NASDAQ:MTSI) had its price objective increased by stock analysts at Stifel Nicolaus from $105.00 to $115.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price target points to a potential upside of 23.91% from the stock’s previous close.

A number of other equities analysts have also recently commented on MTSI. Needham & Company LLC raised their target price on MACOM Technology Solutions from $84.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Barclays lifted their price objective on shares of MACOM Technology Solutions from $80.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Piper Sandler reiterated a “neutral” rating and set a $85.00 target price on shares of MACOM Technology Solutions in a report on Thursday, January 4th. Evercore ISI initiated coverage on shares of MACOM Technology Solutions in a research note on Tuesday. They issued an “outperform” rating and a $120.00 price target for the company. Finally, TheStreet cut MACOM Technology Solutions from a “b” rating to a “c+” rating in a research note on Thursday, February 1st. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $99.67.

MACOM Technology Solutions Price Performance

MACOM Technology Solutions stock opened at $92.81 on Thursday. The company’s 50 day simple moving average is $93.17 and its 200-day simple moving average is $86.89. The company has a debt-to-equity ratio of 0.48, a quick ratio of 5.69 and a current ratio of 7.24. MACOM Technology Solutions has a 1 year low of $48.53 and a 1 year high of $104.90. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 89.24, a price-to-earnings-growth ratio of 6.11 and a beta of 1.64.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. The company had revenue of $157.15 million for the quarter, compared to analyst estimates of $151.12 million. As a group, equities research analysts expect that MACOM Technology Solutions will post 2.02 earnings per share for the current year.

Insider Activity at MACOM Technology Solutions

In other news, SVP Donghyun Thomas Hwang sold 9,397 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $92.24, for a total transaction of $866,779.28. Following the completion of the sale, the senior vice president now owns 48,325 shares in the company, valued at approximately $4,457,498. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Donghyun Thomas Hwang sold 9,397 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $92.24, for a total transaction of $866,779.28. Following the transaction, the senior vice president now owns 48,325 shares in the company, valued at approximately $4,457,498. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John Kober sold 12,892 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $79.95, for a total transaction of $1,030,715.40. Following the transaction, the chief financial officer now owns 60,672 shares in the company, valued at $4,850,726.40. The disclosure for this sale can be found here. Insiders have sold 811,058 shares of company stock valued at $68,674,574 over the last quarter. 22.75% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MTSI. Ensign Peak Advisors Inc purchased a new stake in shares of MACOM Technology Solutions during the third quarter worth approximately $29,000. Riverview Trust Co acquired a new stake in shares of MACOM Technology Solutions in the 1st quarter worth $47,000. RiverPark Advisors LLC purchased a new stake in shares of MACOM Technology Solutions in the third quarter valued at about $58,000. Point72 Hong Kong Ltd increased its stake in shares of MACOM Technology Solutions by 69.9% during the second quarter. Point72 Hong Kong Ltd now owns 1,451 shares of the semiconductor company’s stock worth $67,000 after acquiring an additional 597 shares during the period. Finally, Captrust Financial Advisors increased its stake in shares of MACOM Technology Solutions by 26.6% during the second quarter. Captrust Financial Advisors now owns 1,466 shares of the semiconductor company’s stock worth $68,000 after acquiring an additional 308 shares during the period. 76.14% of the stock is currently owned by institutional investors and hedge funds.

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.