Benchmark Issues Positive Forecast for MACOM Technology Solutions (NASDAQ:MTSI) Stock Price

MACOM Technology Solutions (NASDAQ:MTSI) had its target price increased by stock analysts at Benchmark from $120.00 to $160.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Benchmark’s target price points to a potential upside of 16.06% from the company’s current price.

A number of other research firms also recently weighed in on MTSI. Stifel Nicolaus upped their target price on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. raised their target price on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Piper Sandler lifted their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Barclays upped their price target on MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Needham & Company LLC lifted their price objective on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.00.

MACOM Technology Solutions Stock Down 0.9 %

Shares of NASDAQ MTSI opened at $137.86 on Friday. The firm has a fifty day simple moving average of $110.59 and a two-hundred day simple moving average of $106.63. The firm has a market capitalization of $9.95 billion, a PE ratio of 140.67, a price-to-earnings-growth ratio of 4.64 and a beta of 1.69. The company has a current ratio of 8.18, a quick ratio of 6.33 and a debt-to-equity ratio of 0.45. MACOM Technology Solutions has a 12 month low of $72.15 and a 12 month high of $140.27.

Insider Activity

In other news, SVP Donghyun Thomas Hwang sold 1,500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $118.38, for a total transaction of $177,570.00. Following the sale, the senior vice president now directly owns 37,102 shares in the company, valued at approximately $4,392,134.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 7,122 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $112.53, for a total value of $801,438.66. Following the transaction, the chief executive officer now directly owns 55,826 shares in the company, valued at $6,282,099.78. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Donghyun Thomas Hwang sold 1,500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $118.38, for a total value of $177,570.00. Following the transaction, the senior vice president now owns 37,102 shares in the company, valued at $4,392,134.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 670,896 shares of company stock worth $71,284,378. 22.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MACOM Technology Solutions

A number of large investors have recently bought and sold shares of MTSI. Opal Wealth Advisors LLC purchased a new position in MACOM Technology Solutions in the second quarter valued at about $39,000. GAMMA Investing LLC grew its position in shares of MACOM Technology Solutions by 153.0% in the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock worth $52,000 after buying an additional 283 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of MACOM Technology Solutions in the 3rd quarter worth approximately $66,000. FSC Wealth Advisors LLC bought a new position in shares of MACOM Technology Solutions during the 2nd quarter worth approximately $78,000. Finally, Farther Finance Advisors LLC lifted its position in MACOM Technology Solutions by 303.5% during the third quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company’s stock valued at $102,000 after acquiring an additional 692 shares during the last quarter. Institutional investors own 76.14% of the company’s stock.

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.