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

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) have earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $125.91.

Several research analysts have commented on the company. Barclays lifted their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Needham & Company LLC upped their price target on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. increased their price target on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Northland Securities lifted their price objective on shares of 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. Finally, Piper Sandler increased 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.

MACOM Technology Solutions Price Performance

MTSI stock opened at $125.28 on Wednesday. The stock has a market cap of $9.07 billion, a price-to-earnings ratio of 121.63, a PEG ratio of 2.16 and a beta of 1.69. MACOM Technology Solutions has a fifty-two week low of $79.25 and a fifty-two week high of $140.27. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average price of $114.54 and a 200 day moving average price of $107.97.

Insider Activity

In related news, Director Susan Ocampo sold 51,010 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $107.02, for a total value of $5,459,090.20. Following the sale, the director now owns 6,194,746 shares of the company’s stock, valued at approximately $662,961,716.92. This represents a 0.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephen G. Daly sold 21,012 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $109.40, for a total value of $2,298,712.80. Following the sale, the chief executive officer now owns 64,472 shares in the company, valued at approximately $7,053,236.80. This trade represents a 24.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 300,480 shares of company stock worth $34,587,341 over the last 90 days. 22.75% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MTSI. Opal Wealth Advisors LLC purchased a new stake in MACOM Technology Solutions in the second quarter valued at approximately $39,000. GAMMA Investing LLC grew its stake in shares of MACOM Technology Solutions by 153.0% during the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock valued at $52,000 after buying an additional 283 shares during the period. Quarry LP acquired a new stake in shares of MACOM Technology Solutions during the 3rd quarter worth $57,000. Allspring Global Investments Holdings LLC purchased a new position in shares of MACOM Technology Solutions in the 3rd quarter worth $66,000. Finally, FSC Wealth Advisors LLC acquired a new position in MACOM Technology Solutions in the second quarter valued at $78,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.

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.