Craig Hallum Boosts MACOM Technology Solutions (NASDAQ:MTSI) Price Target to $120.00

MACOM Technology Solutions (NASDAQ:MTSI) had its price target hoisted by research analysts at Craig Hallum from $95.00 to $120.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Craig Hallum’s price objective indicates a potential upside of 16.67% from the stock’s current price.

MTSI has been the subject of a number of other research reports. Barclays raised their price target on MACOM Technology Solutions from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday. Piper Sandler reiterated a “neutral” rating and set a $85.00 price target on shares of MACOM Technology Solutions in a research report on Thursday, January 4th. Stifel Nicolaus upped their price objective on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Needham & Company LLC boosted their price target on MACOM Technology Solutions from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Evercore ISI assumed coverage on MACOM Technology Solutions in a research report on Tuesday, April 16th. They set an “outperform” rating and a $120.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $105.78.

MACOM Technology Solutions Price Performance

Shares of NASDAQ MTSI traded up $3.87 during trading hours on Friday, reaching $102.85. 629,777 shares of the stock traded hands, compared to its average volume of 523,806. MACOM Technology Solutions has a 52-week low of $48.53 and a 52-week high of $104.90. The company has a quick ratio of 5.69, a current ratio of 7.24 and a debt-to-equity ratio of 0.48. The company’s 50-day simple moving average is $95.83 and its two-hundred day simple moving average is $88.06. The company has a market capitalization of $7.41 billion, a P/E ratio of 98.27, a price-to-earnings-growth ratio of 6.30 and a beta of 1.65.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. The firm had revenue of $157.15 million for the quarter, compared to the consensus estimate of $151.12 million. Equities research analysts forecast that MACOM Technology Solutions will post 2.01 EPS for the current year.

Insider Transactions at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 65,993 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $80.01, for a total value of $5,280,099.93. Following the transaction, the director now directly owns 8,045,668 shares of the company’s stock, valued at approximately $643,733,896.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other MACOM Technology Solutions news, SVP Wayne Mack Struble sold 1,019 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $86.12, for a total value of $87,756.28. Following the completion of the transaction, the senior vice president now directly owns 15,649 shares in the company, valued at approximately $1,347,691.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan Ocampo sold 65,993 shares of MACOM Technology Solutions stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $80.01, for a total transaction of $5,280,099.93. Following the sale, the director now owns 8,045,668 shares in the company, valued at approximately $643,733,896.68. The disclosure for this sale can be found here. Insiders have sold 804,824 shares of company stock worth $68,127,415 in the last 90 days. 22.75% of the stock is currently owned by insiders.

Institutional Trading of MACOM Technology Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. Duality Advisers LP grew its holdings in shares of MACOM Technology Solutions by 5.9% in the fourth quarter. Duality Advisers LP now owns 2,727 shares of the semiconductor company’s stock valued at $253,000 after purchasing an additional 152 shares in the last quarter. State of Michigan Retirement System increased its stake in MACOM Technology Solutions by 1.6% during the third quarter. State of Michigan Retirement System now owns 12,900 shares of the semiconductor company’s stock worth $1,052,000 after acquiring an additional 200 shares during the last quarter. New York State Teachers Retirement System lifted its stake in shares of MACOM Technology Solutions by 2.5% in the 4th quarter. New York State Teachers Retirement System now owns 8,226 shares of the semiconductor company’s stock valued at $765,000 after purchasing an additional 200 shares during the last quarter. RiverPark Advisors LLC grew its holdings in MACOM Technology Solutions by 29.1% during the 4th quarter. RiverPark Advisors LLC now owns 923 shares of the semiconductor company’s stock valued at $86,000 after purchasing an additional 208 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its stake in MACOM Technology Solutions by 0.9% in the fourth quarter. Yousif Capital Management LLC now owns 25,085 shares of the semiconductor company’s stock worth $2,332,000 after purchasing an additional 215 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors.

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.