MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Receives $105.78 Average Price Target from Brokerages

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has been assigned an average rating of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $108.33.

A number of equities research analysts have commented on MTSI shares. Barclays upped their price target on MACOM Technology Solutions from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Stifel Nicolaus raised their price target on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Evercore ISI began coverage on shares of MACOM Technology Solutions in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $120.00 price target on the stock. Benchmark increased their price objective on shares of MACOM Technology Solutions from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Craig Hallum upped their price target on shares of MACOM Technology Solutions from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 3rd.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI opened at $101.43 on Friday. 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 52 week low of $53.04 and a 52 week high of $107.00. The firm 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. The firm’s fifty day moving average is $97.12 and its 200-day moving average is $88.82.

Insider Activity

In related news, Director Susan Ocampo sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $85.00, for a total transaction of $17,000,000.00. Following the transaction, the director now directly owns 7,245,668 shares of the company’s stock, valued at approximately $615,881,780. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other MACOM Technology Solutions news, SVP Robert Dennehy sold 2,210 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $83.79, for a total transaction of $185,175.90. Following the completion of the sale, the senior vice president now directly owns 35,197 shares of the company’s stock, valued at approximately $2,949,156.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan Ocampo sold 200,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 7,245,668 shares in the company, valued at approximately $615,881,780. The disclosure for this sale can be found here. Insiders sold a total of 525,939 shares of company stock worth $45,338,600 in the last three months. Company insiders own 22.75% of the company’s stock.

Institutional Investors Weigh In On MACOM Technology Solutions

Several institutional investors have recently bought and sold shares of the stock. Riverview Trust Co bought a new stake in shares of MACOM Technology Solutions in the 1st quarter worth $47,000. RiverPark Advisors LLC bought a new stake in MACOM Technology Solutions in the 3rd quarter worth about $58,000. Fidelis Capital Partners LLC bought a new position in shares of MACOM Technology Solutions during the 1st quarter worth approximately $77,000. Harvest Fund Management Co. Ltd purchased a new position in shares of MACOM Technology Solutions in the 4th quarter worth approximately $69,000. Finally, Hennessy Advisors Inc. bought a new position in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $129,000. 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.