Analysts Set MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Target Price at $111.00

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has been assigned an average recommendation of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $111.00.

MTSI has been the subject of several recent research reports. Barclays lifted their price objective on MACOM Technology Solutions from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Evercore ISI began coverage on shares of MACOM Technology Solutions in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $120.00 price objective for the company. Benchmark lifted their target price on MACOM Technology Solutions from $95.00 to $115.00 and gave the company a “buy” rating in a report on Monday, May 6th. Stifel Nicolaus increased their price objective on MACOM Technology Solutions from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Finally, Needham & Company LLC boosted their target price on MACOM Technology Solutions from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd.

MACOM Technology Solutions Stock Performance

Shares of MACOM Technology Solutions stock opened at $109.65 on Friday. The business’s fifty day simple moving average is $102.61 and its 200 day simple moving average is $94.88. The company has a current ratio of 7.34, a quick ratio of 5.70 and a debt-to-equity ratio of 0.47. MACOM Technology Solutions has a 12 month low of $61.28 and a 12 month high of $109.98. The firm has a market capitalization of $7.91 billion, a P/E ratio of 124.60, a price-to-earnings-growth ratio of 5.42 and a beta of 1.67.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). MACOM Technology Solutions had a return on equity of 12.67% and a net margin of 10.01%. The company had revenue of $181.23 million during the quarter, compared to analysts’ expectations of $180.97 million. As a group, analysts anticipate that MACOM Technology Solutions will post 1.93 EPS for the current year.

Insider Buying and Selling

In other news, Director Susan Ocampo sold 16,490 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $103.02, for a total transaction of $1,698,799.80. Following the completion of the transaction, the director now directly owns 6,972,027 shares of the company’s stock, valued at $718,258,221.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Susan Ocampo sold 16,490 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $103.02, for a total value of $1,698,799.80. Following the completion of the transaction, the director now directly owns 6,972,027 shares of the company’s stock, valued at $718,258,221.54. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO John Kober sold 13,666 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was 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 directly owns 47,006 shares in the company, valued at $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 in the last ninety days. 22.75% of the stock is owned by insiders.

Institutional Trading of MACOM Technology Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of MACOM Technology Solutions by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock worth $592,395,000 after purchasing an additional 465,759 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of MACOM Technology Solutions by 12.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company’s stock valued at $132,821,000 after buying an additional 154,066 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of MACOM Technology Solutions by 4.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 539,249 shares of the semiconductor company’s stock worth $50,123,000 after purchasing an additional 23,788 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of MACOM Technology Solutions by 4.6% during the fourth quarter. Principal Financial Group Inc. now owns 517,283 shares of the semiconductor company’s stock valued at $48,081,000 after buying an additional 22,662 shares during the last quarter. Finally, Norges Bank bought a new stake in MACOM Technology Solutions in the 4th quarter worth about $44,250,000. 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.