MACOM Technology Solutions (NASDAQ:MTSI) Price Target Increased to $115.00 by Analysts at Stifel Nicolaus

MACOM Technology Solutions (NASDAQ:MTSI) had its price target upped by Stifel Nicolaus from $105.00 to $115.00 in a report published on Thursday, Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

A number of other research analysts have also recently commented on the company. TheStreet cut MACOM Technology Solutions from a b rating to a c+ rating in a research note on Thursday, February 1st. Needham & Company LLC upped their price target on MACOM Technology Solutions from $84.00 to $100.00 and gave the stock a buy rating in a research note on Friday, February 2nd. Barclays upped their price objective on MACOM Technology Solutions from $80.00 to $105.00 and gave the stock an overweight rating in a research report on Tuesday, January 16th. Piper Sandler reaffirmed a neutral rating and set a $85.00 price objective on shares of MACOM Technology Solutions in a research report on Thursday, January 4th. Finally, Evercore ISI began coverage on MACOM Technology Solutions in a research report on Tuesday. They set an outperform rating and a $120.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $99.67.

MACOM Technology Solutions Stock Down 1.3 %

NASDAQ:MTSI opened at $95.16 on Thursday. 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 stock’s fifty day moving average is $92.99 and its two-hundred day moving average is $86.81. MACOM Technology Solutions has a 52 week low of $48.53 and a 52 week high of $104.90. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 91.50, a price-to-earnings-growth ratio of 6.11 and a beta of 1.64.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. The company had revenue of $157.15 million for the quarter, compared to analysts’ expectations of $151.12 million. Research analysts anticipate that MACOM Technology Solutions will post 2.02 EPS for the current year.

Insider Activity at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 9,397 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $92.24, for a total value of $866,779.28. Following the transaction, the senior vice president now owns 48,325 shares of the company’s stock, valued at $4,457,498. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Donghyun Thomas Hwang sold 9,397 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $92.24, for a total value of $866,779.28. Following the transaction, the senior vice president now owns 48,325 shares of the company’s stock, valued at $4,457,498. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Kober sold 12,892 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $79.95, for a total value of $1,030,715.40. Following the completion of the transaction, the chief financial officer now directly owns 60,672 shares in the company, valued at approximately $4,850,726.40. The disclosure for this sale can be found here. Insiders have sold 811,058 shares of company stock valued at $68,674,574 over the last quarter. 22.75% of the stock is owned by insiders.

Hedge Funds Weigh In On MACOM Technology Solutions

Large investors have recently bought and sold shares of the stock. Ensign Peak Advisors Inc acquired a new position in MACOM Technology Solutions in the third quarter valued at $29,000. Riverview Trust Co acquired a new position in MACOM Technology Solutions in the first quarter valued at $47,000. RiverPark Advisors LLC acquired a new position in MACOM Technology Solutions in the third quarter valued at $58,000. Point72 Hong Kong Ltd boosted its stake in MACOM Technology Solutions by 69.9% in the second quarter. Point72 Hong Kong Ltd now owns 1,451 shares of the semiconductor company’s stock valued at $67,000 after acquiring an additional 597 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in MACOM Technology Solutions by 26.6% in the second quarter. Captrust Financial Advisors now owns 1,466 shares of the semiconductor company’s stock valued at $68,000 after acquiring an additional 308 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

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.