MACOM Technology Solutions (NASDAQ:MTSI) Price Target Raised to $115.00 at Barclays

MACOM Technology Solutions (NASDAQ:MTSI) had its price objective lifted by Barclays from $105.00 to $115.00 in a report released on Friday morning, Benzinga reports. They currently have an overweight rating on the semiconductor company’s stock.

MTSI has been the subject of a number of other research reports. Evercore ISI began coverage on MACOM Technology Solutions in a research report on Tuesday, April 16th. They set an outperform rating and a $120.00 price target for the company. Stifel Nicolaus boosted their price target 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. TheStreet downgraded MACOM Technology Solutions from a b rating to a c+ rating in a research report on Thursday, February 1st. Piper Sandler reissued a neutral rating and set a $85.00 price target on shares of MACOM Technology Solutions in a research report on Thursday, January 4th. Finally, Needham & Company LLC boosted their price target on MACOM Technology Solutions from $100.00 to $110.00 and gave the company a buy rating in a research report on Friday. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, MACOM Technology Solutions presently has a consensus rating of Moderate Buy and an average target price of $108.33.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI opened at $103.51 on Friday. The business has a fifty day simple moving average of $96.47 and a 200-day simple moving average of $88.54. MACOM Technology Solutions has a 52 week low of $53.04 and a 52 week high of $107.00. 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 company has a market cap of $7.46 billion, a P/E ratio of 117.63, a P/E/G ratio of 7.99 and a beta of 1.65.

Insider Activity at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 200,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was 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 of the company’s stock, valued at $629,926,586.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 9,397 shares of the 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 of the company’s stock, valued at approximately $4,457,498. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Susan Ocampo sold 200,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $82.39, for a total value of $16,478,000.00. Following the transaction, the director now directly owns 7,645,668 shares in the company, valued at approximately $629,926,586.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 725,939 shares of company stock valued at $61,816,600. Insiders own 22.75% of the company’s stock.

Institutional Trading of MACOM Technology Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in MTSI. Price T Rowe Associates Inc. MD raised its position in shares of MACOM Technology Solutions by 1,533.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,234,684 shares of the semiconductor company’s stock worth $114,765,000 after purchasing an additional 1,159,076 shares during the period. Norges Bank acquired a new stake in shares of MACOM Technology Solutions during the 4th quarter worth approximately $44,250,000. Westfield Capital Management Co. LP acquired a new stake in shares of MACOM Technology Solutions during the 4th quarter worth approximately $42,762,000. Principal Financial Group Inc. raised its position in shares of MACOM Technology Solutions by 139.9% during the 3rd quarter. Principal Financial Group Inc. now owns 494,621 shares of the semiconductor company’s stock worth $40,351,000 after purchasing an additional 288,408 shares during the period. Finally, Artisan Partners Limited Partnership raised its position in shares of MACOM Technology Solutions by 29.0% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,128,382 shares of the semiconductor company’s stock worth $92,053,000 after purchasing an additional 253,396 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.