MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has earned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $128.00.

A number of analysts recently issued reports on MTSI shares. Barclays increased their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Piper Sandler raised their price objective 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. Benchmark increased their target price 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. Finally, Northland Securities increased their target price on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th.

MACOM Technology Solutions Trading Up 1.1 %

Shares of MTSI stock opened at $132.25 on Monday. MACOM Technology Solutions has a twelve month low of $79.25 and a twelve month high of $152.50. The firm has a 50-day moving average price of $136.15 and a 200 day moving average price of $119.10. The company has a current ratio of 8.35, a quick ratio of 6.55 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $9.83 billion, a price-to-earnings ratio of 128.40, a PEG ratio of 2.22 and a beta of 1.71.

Insider Transactions at MACOM Technology Solutions

In other news, CFO John Kober sold 19,470 shares of MACOM Technology Solutions stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $126.88, for a total transaction of $2,470,353.60. Following the sale, the chief financial officer now owns 51,489 shares of the company’s stock, valued at approximately $6,532,924.32. This trade represents a 27.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Ocampo sold 25,351 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $130.05, for a total value of $3,296,897.55. Following the completion of the sale, the director now directly owns 6,046,676 shares in the company, valued at approximately $786,370,213.80. This represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 220,032 shares of company stock valued at $28,080,365 in the last three months. Corporate insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On MACOM Technology Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Westfield Capital Management Co. LP boosted its stake in MACOM Technology Solutions by 21.0% in the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after purchasing an additional 210,151 shares in the last quarter. Geode Capital Management LLC raised its position in shares of MACOM Technology Solutions by 4.8% during the third quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company’s stock worth $113,044,000 after acquiring an additional 46,812 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of MACOM Technology Solutions by 18.4% during the third quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock worth $82,945,000 after acquiring an additional 116,090 shares during the last quarter. Jennison Associates LLC raised its position in shares of MACOM Technology Solutions by 0.5% during the fourth quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company’s stock worth $69,172,000 after acquiring an additional 2,646 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised 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 during the last quarter. Institutional investors and hedge funds 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.