MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) have received a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $128.00.

A number of equities analysts have recently commented on MTSI shares. Piper Sandler increased their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Northland Securities raised their price target on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. Barclays increased their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, Benchmark boosted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, November 8th.

Insider Transactions at MACOM Technology Solutions

In related news, SVP Robert Dennehy sold 6,915 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $101.38, for a total value of $701,042.70. Following the sale, the senior vice president now owns 19,481 shares of the company’s stock, valued at $1,974,983.78. The trade was a 26.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Ambra R. Roth sold 1,366 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $139.07, for a total value of $189,969.62. Following the completion of the transaction, the senior vice president now directly owns 6,564 shares in the company, valued at approximately $912,855.48. This represents a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 231,877 shares of company stock worth $29,186,765. Corporate insiders own 22.75% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MTSI. Millennium Management LLC raised its position in shares of 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 purchasing an additional 1,212,094 shares during the period. Hood River Capital Management LLC lifted its stake in shares of MACOM Technology Solutions by 280.5% in the second 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. Westfield Capital Management Co. LP grew its holdings in shares of MACOM Technology Solutions by 21.0% during the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock valued at $134,686,000 after buying an additional 210,151 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of MACOM Technology Solutions by 52.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company’s stock valued at $59,037,000 after buying an additional 182,058 shares during the last quarter. Finally, F M Investments LLC bought a new stake in shares of MACOM Technology Solutions during the second quarter worth about $18,817,000. 76.14% of the stock is owned by institutional investors.

MACOM Technology Solutions Stock Performance

MTSI opened at $139.04 on Friday. The company has a market capitalization of $10.07 billion, a price-to-earnings ratio of 134.99, a P/E/G ratio of 2.42 and a beta of 1.71. The business’s 50-day moving average price is $125.31 and its two-hundred day moving average price is $112.14. MACOM Technology Solutions has a 1 year low of $79.25 and a 1 year high of $143.90. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55.

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.