MACOM Technology Solutions (NASDAQ:MTSI) Price Target Raised to $110.00

MACOM Technology Solutions (NASDAQ:MTSI) had its price objective boosted by Needham & Company LLC from $100.00 to $110.00 in a research note published on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

MTSI has been the subject of several other research reports. Barclays upped their target price 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. Evercore ISI started coverage on shares of MACOM Technology Solutions in a research note on Tuesday, April 16th. They issued an outperform rating and a $120.00 price objective for the company. TheStreet cut MACOM Technology Solutions from a b rating to a c+ rating in a research report on Thursday, February 1st. Stifel Nicolaus upped their target price on MACOM Technology Solutions from $105.00 to $115.00 and gave the company a buy rating in a research report on Thursday, April 18th. Finally, Piper Sandler reaffirmed a neutral rating and set a $85.00 price target on shares of MACOM Technology Solutions in a research report on Thursday, January 4th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $108.33.

MACOM Technology Solutions Price Performance

MTSI stock opened at $103.51 on Friday. The business has a 50 day moving average price of $96.47 and a 200 day moving average price of $88.54. The company has a quick ratio of 5.70, a current ratio of 7.34 and a debt-to-equity ratio of 0.47. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 117.63, a PEG ratio of 7.99 and a beta of 1.65. MACOM Technology Solutions has a fifty-two week low of $53.04 and a fifty-two week high of $107.00.

Insider Buying and Selling

In other MACOM Technology Solutions news, SVP Robert Dennehy sold 2,370 shares of MACOM Technology Solutions stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $88.88, for a total value of $210,645.60. Following the sale, the senior vice president now owns 32,827 shares of the company’s stock, valued at approximately $2,917,663.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Susan Ocampo sold 200,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $82.39, for a total value of $16,478,000.00. Following the completion of the transaction, the director now owns 7,645,668 shares in the company, valued at approximately $629,926,586.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Robert Dennehy sold 2,370 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $88.88, for a total transaction of $210,645.60. Following the sale, the senior vice president now directly owns 32,827 shares in the company, valued at approximately $2,917,663.76. The disclosure for this sale can be found here. Insiders sold 725,939 shares of company stock valued at $61,816,600 over the last ninety days. Corporate insiders own 22.75% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Duality Advisers LP grew its holdings in shares of MACOM Technology Solutions by 5.9% in the 4th quarter. Duality Advisers LP now owns 2,727 shares of the semiconductor company’s stock worth $253,000 after acquiring an additional 152 shares during the period. State of Michigan Retirement System grew its holdings in MACOM Technology Solutions by 1.6% in the third quarter. State of Michigan Retirement System now owns 12,900 shares of the semiconductor company’s stock valued at $1,052,000 after purchasing an additional 200 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of MACOM Technology Solutions by 2.5% in the fourth quarter. New York State Teachers Retirement System now owns 8,226 shares of the semiconductor company’s stock valued at $765,000 after buying an additional 200 shares in the last quarter. RiverPark Advisors LLC raised its stake in shares of MACOM Technology Solutions by 29.1% during the 4th quarter. RiverPark Advisors LLC now owns 923 shares of the semiconductor company’s stock worth $86,000 after buying an additional 208 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its position in shares of MACOM Technology Solutions by 0.9% in the 4th quarter. Yousif Capital Management LLC now owns 25,085 shares of the semiconductor company’s stock worth $2,332,000 after buying an additional 215 shares in the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

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.