MACOM Technology Solutions (NASDAQ:MTSI) Stock Price Expected to Rise, Barclays Analyst Says

MACOM Technology Solutions (NASDAQ:MTSI) had its price objective increased by equities researchers at Barclays from $120.00 to $160.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the semiconductor company’s stock. Barclays‘s price objective would suggest a potential upside of 16.06% from the company’s current price.

Several other research analysts have also weighed in on the company. JPMorgan Chase & Co. upped their price target on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Piper Sandler raised their price target on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Benchmark boosted their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus increased their target price on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Needham & Company LLC boosted their price target on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $128.00.

MACOM Technology Solutions Stock Down 0.9 %

Shares of NASDAQ:MTSI opened at $137.86 on Friday. The firm has a 50 day simple moving average of $110.59 and a 200 day simple moving average of $106.63. MACOM Technology Solutions has a 52 week low of $72.15 and a 52 week high of $140.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.33 and a current ratio of 8.18. The company has a market cap of $9.95 billion, a PE ratio of 140.67, a price-to-earnings-growth ratio of 4.64 and a beta of 1.69.

Insider Activity

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 1,500 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $118.38, for a total transaction of $177,570.00. Following the completion of the transaction, the senior vice president now owns 37,102 shares of the company’s stock, valued at $4,392,134.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Stephen G. Daly sold 7,122 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $112.53, for a total transaction of $801,438.66. Following the transaction, the chief executive officer now owns 55,826 shares of the company’s stock, valued at approximately $6,282,099.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 1,500 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $118.38, for a total transaction of $177,570.00. Following the completion of the sale, the senior vice president now directly owns 37,102 shares of the company’s stock, valued at approximately $4,392,134.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 670,896 shares of company stock valued at $71,284,378 over the last 90 days. 22.75% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in MACOM Technology Solutions by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock valued at $592,395,000 after acquiring an additional 465,759 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in MACOM Technology Solutions by 12.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company’s stock worth $132,821,000 after purchasing an additional 154,066 shares during the period. Millennium Management LLC boosted its stake in MACOM Technology Solutions by 958.1% during the second quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock worth $149,214,000 after buying an additional 1,212,094 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in MACOM Technology Solutions by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 993,316 shares of the semiconductor company’s stock valued at $110,722,000 after buying an additional 69,689 shares during the period. Finally, Hood River Capital Management LLC raised its stake in shares of MACOM Technology Solutions by 280.5% in the 2nd quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock valued at $78,568,000 after buying an additional 519,603 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.