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

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $128.00.

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

Insider Transactions at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 105,782 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $123.67, for a total transaction of $13,082,059.94. Following the completion of the sale, the director now directly owns 5,914,008 shares of the company’s stock, valued at approximately $731,385,369.36. This trade represents a 1.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ambra R. Roth sold 1,366 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $139.07, for a total transaction of $189,969.62. Following the sale, the senior vice president now directly owns 6,564 shares of the company’s stock, valued at approximately $912,855.48. The trade was a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 227,212 shares of company stock valued at $28,778,424 over the last 90 days. Corporate insiders own 22.75% of the company’s stock.

Institutional Investors Weigh In On MACOM Technology Solutions

A number of large investors have recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new stake in MACOM Technology Solutions during the 4th quarter valued at $36,000. Fulton Bank N.A. boosted its stake in MACOM Technology Solutions by 7.7% during the 4th quarter. Fulton Bank N.A. now owns 5,281 shares of the semiconductor company’s stock valued at $686,000 after acquiring an additional 377 shares during the last quarter. Everence Capital Management Inc. bought a new position in MACOM Technology Solutions during the 4th quarter valued at $201,000. GAMMA Investing LLC boosted its stake in MACOM Technology Solutions by 42.5% during the 4th quarter. GAMMA Investing LLC now owns 1,170 shares of the semiconductor company’s stock valued at $152,000 after acquiring an additional 349 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its stake in MACOM Technology Solutions by 2.6% during the 3rd quarter. Retirement Systems of Alabama now owns 99,555 shares of the semiconductor company’s stock valued at $11,076,000 after acquiring an additional 2,517 shares during the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

MACOM Technology Solutions Stock Performance

NASDAQ:MTSI opened at $130.60 on Thursday. The firm has a 50 day simple moving average of $133.19 and a 200-day simple moving average of $116.51. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55. The firm has a market cap of $9.46 billion, a PE ratio of 126.80, a P/E/G ratio of 2.43 and a beta of 1.71. MACOM Technology Solutions has a 1-year low of $79.25 and a 1-year high of $143.90.

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.