MACOM Technology Solutions (NASDAQ:MTSI) Stock Price Passes Above 200-Day Moving Average of $95.51

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $95.51 and traded as high as $112.56. MACOM Technology Solutions shares last traded at $111.92, with a volume of 233,116 shares traded.

Analysts Set New Price Targets

Several research firms have recently issued reports on MTSI. Barclays increased their target price on MACOM Technology Solutions from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Benchmark lifted their price target on MACOM Technology Solutions from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Jefferies Financial Group reissued a “buy” rating and set a $135.00 price target (up from $100.00) on shares of MACOM Technology Solutions in a research note on Monday, May 13th. Craig Hallum lifted their price objective on MACOM Technology Solutions from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Finally, Needham & Company LLC boosted their price target on MACOM Technology Solutions from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, MACOM Technology Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $111.00.

MACOM Technology Solutions Price Performance

The company has a current ratio of 7.34, a quick ratio of 5.70 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $103.76 and a 200 day moving average price of $95.51. The stock has a market cap of $8.07 billion, a PE ratio of 127.18, a PEG ratio of 5.69 and a beta of 1.70.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). The company had revenue of $181.23 million for the quarter, compared to analysts’ expectations of $180.97 million. MACOM Technology Solutions had a return on equity of 12.67% and a net margin of 10.01%. As a group, research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 1.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MACOM Technology Solutions news, Director Susan Ocampo sold 7,326 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $102.01, for a total value of $747,325.26. Following the transaction, the director now directly owns 7,894,952 shares in the company, valued at approximately $805,364,053.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Donghyun Thomas Hwang sold 7,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $102.65, for a total transaction of $718,550.00. Following the transaction, the senior vice president now directly owns 41,325 shares in the company, valued at approximately $4,242,011.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan Ocampo sold 7,326 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $102.01, for a total value of $747,325.26. Following the transaction, the director now owns 7,894,952 shares in the company, valued at $805,364,053.52. The disclosure for this sale can be found here. Insiders have sold 533,427 shares of company stock worth $54,860,618 in the last ninety days. 22.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MACOM Technology Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. Riverview Trust Co bought a new position in MACOM Technology Solutions during the 1st quarter worth approximately $47,000. GAMMA Investing LLC grew its position in MACOM Technology Solutions by 153.0% during the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock worth $52,000 after acquiring an additional 283 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in MACOM Technology Solutions during the 4th quarter worth approximately $69,000. Fidelis Capital Partners LLC bought a new position in MACOM Technology Solutions during the 1st quarter worth approximately $77,000. Finally, RiverPark Advisors LLC grew its position in MACOM Technology Solutions by 29.1% during the 4th quarter. RiverPark Advisors LLC now owns 923 shares of the semiconductor company’s stock worth $86,000 after acquiring an additional 208 shares during the last quarter. 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.