MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) have been given an average recommendation of “Moderate Buy” by the ten analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $128.00.

MTSI has been the topic of a number of analyst reports. Northland Securities lifted their price target on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. Piper Sandler lifted their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Benchmark upped their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Barclays lifted their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI opened at $136.93 on Friday. The stock’s fifty day simple moving average is $127.26 and its 200 day simple moving average is $113.06. The stock has a market capitalization of $9.91 billion, a price-to-earnings ratio of 132.94, a PEG ratio of 2.43 and a beta of 1.71. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43. MACOM Technology Solutions has a 52-week low of $79.25 and a 52-week high of $143.90.

Insider Activity

In related news, SVP Ambra R. Roth sold 1,366 shares of MACOM Technology Solutions stock in a transaction on Monday, December 9th. The stock was sold at an average price of $139.07, for a total transaction of $189,969.62. Following the completion of the sale, the senior vice president now owns 6,564 shares of the company’s stock, valued at approximately $912,855.48. This trade represents a 17.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen G. Daly sold 4,742 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $118.32, for a total value of $561,073.44. Following the completion of the transaction, the chief executive officer now directly owns 65,577 shares in the company, valued at approximately $7,759,070.64. The trade was a 6.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 224,962 shares of company stock worth $28,485,722 in the last ninety days. Corporate insiders own 22.75% of the company’s stock.

Hedge Funds Weigh In On MACOM Technology Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTSI. Millennium Management LLC grew its position in MACOM Technology Solutions by 958.1% in the second quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock worth $149,214,000 after acquiring an additional 1,212,094 shares in the last quarter. Hood River Capital Management LLC boosted its holdings in MACOM Technology Solutions by 280.5% in the second quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock worth $78,568,000 after purchasing an additional 519,603 shares in the last quarter. Westfield Capital Management Co. LP increased its position in MACOM Technology Solutions by 21.0% during the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after buying an additional 210,151 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in MACOM Technology Solutions by 52.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company’s stock valued at $59,037,000 after buying an additional 182,058 shares in the last quarter. Finally, F M Investments LLC acquired a new stake in shares of MACOM Technology Solutions in the second quarter worth about $18,817,000. 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.