Benchmark Boosts MACOM Technology Solutions (NASDAQ:MTSI) Price Target to $115.00

MACOM Technology Solutions (NASDAQ:MTSI) had its price target hoisted by Benchmark from $95.00 to $115.00 in a report released on Monday morning, Benzinga reports. Benchmark currently has a buy rating on the semiconductor company’s stock.

A number of other analysts have also recently weighed in on MTSI. Craig Hallum upped their price target on shares of MACOM Technology Solutions from $95.00 to $120.00 and gave the stock a buy rating in a research report on Friday, May 3rd. TheStreet lowered MACOM Technology Solutions from a b rating to a c+ rating in a research note on Thursday, February 1st. Evercore ISI assumed coverage on MACOM Technology Solutions in a research report on Tuesday, April 16th. They set an outperform rating and a $120.00 price target on the stock. Needham & Company LLC increased their price objective on shares of MACOM Technology Solutions from $100.00 to $110.00 and gave the company a buy rating in a research report on Friday, May 3rd. Finally, Barclays boosted their target price on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the stock an overweight rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $108.33.

MACOM Technology Solutions Stock Down 1.5 %

MTSI opened at $101.43 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 5.70 and a current ratio of 7.34. MACOM Technology Solutions has a 1 year low of $53.04 and a 1 year high of $107.00. The firm has a 50 day moving average price of $97.12 and a 200 day moving average price of $88.82. The company has a market cap of $7.31 billion, a PE ratio of 115.26, a price-to-earnings-growth ratio of 7.99 and a beta of 1.65.

Insider Activity

In related news, Director Susan Ocampo sold 200,000 shares of MACOM Technology Solutions stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $85.00, for a total value of $17,000,000.00. Following the completion of the transaction, the director now directly owns 7,245,668 shares in the company, valued at $615,881,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other MACOM Technology Solutions news, SVP Wayne Mack Struble sold 1,019 shares of MACOM Technology Solutions stock in a transaction on Friday, February 16th. The stock was sold at an average price of $86.12, for a total transaction of $87,756.28. Following the sale, the senior vice president now owns 15,649 shares of the company’s stock, valued at approximately $1,347,691.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan Ocampo sold 200,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $85.00, for a total value of $17,000,000.00. Following the transaction, the director now directly owns 7,245,668 shares in the company, valued at $615,881,780. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 525,939 shares of company stock worth $45,338,600. 22.75% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MACOM Technology Solutions

A number of hedge funds have recently modified their holdings of MTSI. Riverview Trust Co purchased a new position in MACOM Technology Solutions during the 1st quarter worth approximately $47,000. RiverPark Advisors LLC acquired a new position in shares of MACOM Technology Solutions in the 3rd quarter valued at about $58,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of MACOM Technology Solutions in the fourth quarter worth approximately $69,000. Fidelis Capital Partners LLC acquired a new stake in shares of MACOM Technology Solutions during the first quarter worth approximately $77,000. Finally, Hennessy Advisors Inc. purchased a new position in MACOM Technology Solutions during the fourth quarter valued at approximately $129,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

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.