Barclays Issues Positive Forecast for MACOM Technology Solutions (NASDAQ:MTSI) Stock Price

MACOM Technology Solutions (NASDAQ:MTSI) had its price objective upped by Barclays from $125.00 to $150.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has an overweight rating on the semiconductor company’s stock.

Several other research firms have also recently weighed in on MTSI. BNP Paribas raised shares of MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price objective for the company in a research report on Wednesday, April 9th. Benchmark reaffirmed a “buy” rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a report on Friday. Bank of America reduced their target price on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Stifel Nicolaus dropped their price target on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Finally, Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $130.91.

MACOM Technology Solutions Trading Down 1.3%

NASDAQ MTSI opened at $118.08 on Friday. The stock’s 50 day moving average price is $103.46 and its two-hundred day moving average price is $120.88. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. The stock has a market capitalization of $8.78 billion, a price-to-earnings ratio of -82.00, a PEG ratio of 2.42 and a beta of 1.36. MACOM Technology Solutions has a 52 week low of $84.00 and a 52 week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. The company had revenue of $235.89 million during the quarter, compared to the consensus estimate of $230.04 million. During the same quarter last year, the firm posted $0.59 EPS. The company’s quarterly revenue was up 30.2% on a year-over-year basis. As a group, analysts anticipate that MACOM Technology Solutions will post 2.43 earnings per share for the current fiscal year.

Insider Activity at MACOM Technology Solutions

In other news, Director Geoffrey G. Ribar sold 6,656 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total value of $809,436.16. Following the transaction, the director now owns 14,031 shares in the company, valued at approximately $1,706,309.91. This represents a 32.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Susan Ocampo sold 286,635 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $123.31, for a total transaction of $35,344,961.85. Following the sale, the director now directly owns 5,123,636 shares in the company, valued at approximately $631,795,555.16. The trade was a 5.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 697,291 shares of company stock worth $86,141,880 over the last quarter. Corporate insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MTSI. Opal Wealth Advisors LLC purchased a new position in shares of MACOM Technology Solutions during the 1st quarter valued at $25,000. Elequin Capital LP bought a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at approximately $26,000. Versant Capital Management Inc boosted its stake in shares of MACOM Technology Solutions by 9,400.0% during the 1st quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 282 shares during the period. UMB Bank n.a. raised its holdings in shares of MACOM Technology Solutions by 74.3% in the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after buying an additional 101 shares during the period. Finally, Empowered Funds LLC purchased a new stake in MACOM Technology Solutions in the 4th quarter valued at about $33,000. 76.14% of the stock is currently owned by institutional investors.

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.