MACOM Technology Solutions (NASDAQ:MTSI) Price Target Raised to $135.00 at Stifel Nicolaus

MACOM Technology Solutions (NASDAQ:MTSI) had its price objective lifted by Stifel Nicolaus from $115.00 to $135.00 in a report released on Thursday morning, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Other research analysts have also issued research reports about the company. Benchmark lifted their price target on MACOM Technology Solutions from $95.00 to $115.00 and gave the stock a buy rating in a research report on Monday, May 6th. Jefferies Financial Group reaffirmed a buy rating and issued a $135.00 target price (up from $100.00) on shares of MACOM Technology Solutions in a report on Monday, May 13th. Needham & Company LLC increased their price target on shares of MACOM Technology Solutions from $100.00 to $110.00 and gave the stock a buy rating in a research note on Friday, May 3rd. Barclays raised their price objective on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the stock an overweight rating in a research report on Friday, May 3rd. Finally, Craig Hallum upped their target price on shares of MACOM Technology Solutions from $95.00 to $120.00 and gave the company a buy rating in a report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, MACOM Technology Solutions has an average rating of Moderate Buy and a consensus price target of $113.00.

MACOM Technology Solutions Trading Down 0.6 %

NASDAQ MTSI opened at $104.27 on Thursday. The firm’s fifty day moving average price is $106.36 and its 200 day moving average price is $97.18. MACOM Technology Solutions has a 12 month low of $64.13 and a 12 month high of $118.76. The company has a debt-to-equity ratio of 0.47, a current ratio of 7.34 and a quick ratio of 5.70. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 118.49, a price-to-earnings-growth ratio of 5.33 and a beta of 1.70.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.05). MACOM Technology Solutions had a net margin of 10.01% and a return on equity of 12.67%. The company had revenue of $181.23 million during the quarter, compared to analyst estimates of $180.97 million. On average, sell-side analysts expect that MACOM Technology Solutions will post 1.93 earnings per share for the current fiscal year.

Insider Transactions at MACOM Technology Solutions

In related news, CFO John Kober sold 13,666 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $102.98, for a total value of $1,407,324.68. Following the completion of the sale, the chief financial officer now owns 47,006 shares in the company, valued at $4,840,677.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other MACOM Technology Solutions news, Director Susan Ocampo sold 75,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $103.02, for a total transaction of $7,726,500.00. Following the sale, the director now directly owns 7,912,681 shares in the company, valued at approximately $815,164,396.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Kober sold 13,666 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $102.98, for a total transaction of $1,407,324.68. Following the completion of the transaction, the chief financial officer now owns 47,006 shares of the company’s stock, valued at approximately $4,840,677.88. The disclosure for this sale can be found here. Insiders have sold a total of 533,427 shares of company stock worth $54,860,618 over the last ninety days. 22.75% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MTSI. Deutsche Bank AG boosted its stake in shares of MACOM Technology Solutions by 4.4% during the 3rd quarter. Deutsche Bank AG now owns 109,762 shares of the semiconductor company’s stock worth $8,954,000 after acquiring an additional 4,582 shares in the last quarter. Vanguard Group Inc. boosted its position in MACOM Technology Solutions by 1.8% during the third quarter. Vanguard Group Inc. now owns 5,717,763 shares of the semiconductor company’s stock worth $466,455,000 after purchasing an additional 101,938 shares in the last quarter. Advisor Resource Council acquired a new stake in MACOM Technology Solutions in the fourth quarter valued at $824,000. SG Americas Securities LLC increased its position in shares of MACOM Technology Solutions by 53.6% in the fourth quarter. SG Americas Securities LLC now owns 30,950 shares of the semiconductor company’s stock valued at $2,877,000 after buying an additional 10,804 shares in the last quarter. Finally, Raymond James & Associates raised its stake in shares of MACOM Technology Solutions by 2.9% during the 4th quarter. Raymond James & Associates now owns 36,837 shares of the semiconductor company’s stock worth $3,424,000 after buying an additional 1,054 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

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.