MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) have been given a consensus recommendation of “Moderate Buy” by the ten analysts that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $128.00.

MTSI has been the topic of several research reports. Barclays lifted their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Piper Sandler boosted their target price 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. Benchmark increased their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Northland Securities boosted their price objective on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 12,438 shares of MACOM Technology Solutions stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $136.73, for a total transaction of $1,700,647.74. Following the completion of the transaction, the director now owns 6,500,755 shares in the company, valued at approximately $888,848,231.15. The trade was a 0.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ambra R. Roth sold 1,366 shares of the business’s 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 sale, the senior vice president now directly owns 6,564 shares of the company’s stock, valued at $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 quarter, insiders sold 227,212 shares of company stock valued at $28,778,424. Company insiders own 22.75% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Millennium Management LLC boosted its position in MACOM Technology Solutions by 958.1% in 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 last quarter. Westfield Capital Management Co. LP raised its stake in shares of MACOM Technology Solutions by 21.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after purchasing an additional 210,151 shares during the period. Geode Capital Management LLC boosted its holdings in shares of MACOM Technology Solutions by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company’s stock worth $113,044,000 after buying an additional 46,812 shares during the last quarter. Dimensional Fund Advisors LP grew its position in MACOM Technology Solutions by 7.5% during the second 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, The Manufacturers Life Insurance Company increased its holdings in MACOM Technology Solutions by 18.4% during the third quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock worth $82,945,000 after buying an additional 116,090 shares during the last quarter. 76.14% of the stock is owned by institutional investors.

MACOM Technology Solutions Stock Performance

Shares of MACOM Technology Solutions stock opened at $135.55 on Thursday. The company has a 50 day moving average of $132.33 and a 200-day moving average of $116.07. The company has a market cap of $9.81 billion, a PE ratio of 131.60, a price-to-earnings-growth ratio of 2.43 and a beta of 1.71. The company has a current ratio of 8.35, a quick ratio of 6.55 and a debt-to-equity ratio of 0.43. MACOM Technology Solutions has a 1-year low of $79.25 and a 1-year high of $143.90.

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.