MACOM Technology Solutions (NASDAQ:MTSI) Price Target Increased to $115.00 by Analysts at Benchmark

MACOM Technology Solutions (NASDAQ:MTSI) had its target price upped by analysts at Benchmark from $95.00 to $115.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Benchmark’s price objective would indicate a potential upside of 11.65% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Evercore ISI assumed coverage on MACOM Technology Solutions in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $120.00 target price on the stock. Stifel Nicolaus raised their price objective on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. TheStreet downgraded shares of MACOM Technology Solutions from a “b” rating to a “c+” rating in a research note on Thursday, February 1st. Craig Hallum raised their price target on shares of MACOM Technology Solutions from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Barclays upped their price objective on MACOM Technology Solutions from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, MACOM Technology Solutions has a consensus rating of “Moderate Buy” and an average price target of $108.33.

MACOM Technology Solutions Stock Performance

Shares of MTSI opened at $103.00 on Monday. 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 stock has a market cap of $7.43 billion, a P/E ratio of 117.05, a P/E/G ratio of 7.99 and a beta of 1.65. The business’s 50 day moving average price is $96.82 and its 200-day moving average price is $88.74.

Insider Buying and Selling

In other MACOM Technology Solutions news, SVP Wayne Mack Struble sold 1,019 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $86.12, for a total value of $87,756.28. Following the transaction, the senior vice president now owns 15,649 shares of the company’s stock, valued at $1,347,691.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Wayne Mack Struble sold 1,019 shares of MACOM Technology Solutions stock in a transaction on Friday, February 16th. The stock was sold at an average price of $86.12, for a total transaction of $87,756.28. Following the transaction, the senior vice president now directly owns 15,649 shares in the company, valued at $1,347,691.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan Ocampo sold 200,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 7,645,668 shares of the company’s stock, valued at $629,926,586.52. 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 90 days. Company insiders own 22.75% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MTSI. Riverview Trust Co bought a new position in shares of MACOM Technology Solutions in the first quarter worth about $47,000. RiverPark Advisors LLC bought a new position in MACOM Technology Solutions in the 3rd quarter worth approximately $58,000. Fidelis Capital Partners LLC bought a new stake in shares of MACOM Technology Solutions during the first quarter valued at approximately $77,000. Harvest Fund Management Co. Ltd purchased a new position in shares of MACOM Technology Solutions in the fourth quarter worth $69,000. Finally, Hennessy Advisors Inc. bought a new position in shares of MACOM Technology Solutions during the fourth quarter worth $129,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.

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.