MACOM Technology Solutions (NASDAQ:MTSI) Price Target Raised to $120.00

MACOM Technology Solutions (NASDAQ:MTSI) had its target price boosted by Benchmark from $115.00 to $120.00 in a research report released on Friday morning, Benzinga reports. Benchmark currently has a buy rating on the semiconductor company’s stock.

A number of other brokerages have also recently commented on MTSI. Jefferies Financial Group reaffirmed a buy rating and set a $135.00 price target (up previously from $100.00) on shares of MACOM Technology Solutions in a research report on Monday, May 13th. Evercore ISI began coverage on MACOM Technology Solutions in a research report on Tuesday, April 16th. They set an outperform rating and a $120.00 price target for the company. Craig Hallum lifted their price target on MACOM Technology Solutions from $95.00 to $120.00 and gave the stock a buy rating in a research report on Friday, May 3rd. Barclays lifted their price target on MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an overweight rating in a research report on Friday. Finally, Stifel Nicolaus lifted their price objective on MACOM Technology Solutions from $115.00 to $135.00 and gave the company a buy rating in a research note on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $114.55.

MACOM Technology Solutions Stock Down 2.5 %

Shares of MACOM Technology Solutions stock traded down $2.52 during trading on Friday, reaching $97.13. The company’s stock had a trading volume of 948,815 shares, compared to its average volume of 709,936. The company has a quick ratio of 5.70, a current ratio of 8.18 and a debt-to-equity ratio of 0.45. The company has a market cap of $7.00 billion, a price-to-earnings ratio of 110.38, a P/E/G ratio of 5.09 and a beta of 1.69. MACOM Technology Solutions has a 1-year low of $67.17 and a 1-year high of $118.76. The company has a 50-day simple moving average of $106.06 and a two-hundred day simple moving average of $98.17.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). MACOM Technology Solutions had a return on equity of 12.59% and a net margin of 10.59%. The firm had revenue of $181.23 million for the quarter, compared to analyst estimates of $180.97 million. As a group, equities analysts forecast that MACOM Technology Solutions will post 1.92 earnings per share for the current year.

Insider Activity at MACOM Technology Solutions

In related news, CFO John Kober sold 13,666 shares of MACOM Technology Solutions stock in a transaction dated 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 transaction, the chief financial officer now owns 47,006 shares in the company, valued at approximately $4,840,677.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Charles R. Bland sold 2,500 shares of MACOM Technology Solutions stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $102.39, for a total value of $255,975.00. Following the completion of the transaction, the director now owns 26,439 shares in the company, valued at approximately $2,707,089.21. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO John Kober sold 13,666 shares of MACOM Technology Solutions 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 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 sold a total of 538,427 shares of company stock worth $55,391,868 in the last 90 days. Corporate insiders own 22.75% of the company’s stock.

Institutional Investors Weigh In On MACOM Technology Solutions

Several large investors have recently bought and sold shares of MTSI. Opal Wealth Advisors LLC purchased a new stake in MACOM Technology Solutions during the 2nd quarter worth approximately $39,000. Riverview Trust Co purchased a new stake in MACOM Technology Solutions during the 1st quarter worth approximately $47,000. GAMMA Investing LLC increased its stake in MACOM Technology Solutions by 153.0% during 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 in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in MACOM Technology Solutions during the 4th quarter worth approximately $69,000. Finally, Fidelis Capital Partners LLC purchased a new stake in MACOM Technology Solutions during the 1st quarter worth approximately $77,000. 76.14% of the stock is currently owned by hedge funds and other 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.