MACOM Technology Solutions (NASDAQ:MTSI) Given New $125.00 Price Target at Barclays

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) had its price objective lowered by stock analysts at Barclays from $160.00 to $125.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the semiconductor company's stock. Barclays's price objective would indicate a potential upside of 18.93% from the company's current price.

A number of other research analysts also recently issued reports on MTSI. Bank of America lowered their price target on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. BNP Paribas raised shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target on the stock in a report on Wednesday, April 9th. Benchmark reissued a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a report on Monday, February 10th. Stifel Nicolaus dropped their target price on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, Northland Capmk upgraded shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $127.92.

MACOM Technology Solutions Stock Down 0.5 %

Shares of NASDAQ:MTSI traded down $0.58 on Tuesday, hitting $105.11. 24,431 shares of the company traded hands, compared to its average volume of 659,280. The company has a market cap of $7.81 billion, a PE ratio of -73.07, a PEG ratio of 2.42 and a beta of 1.72. The stock has a 50 day simple moving average of $105.12 and a 200-day simple moving average of $121.11. MACOM Technology Solutions has a 52 week low of $84.00 and a 52 week high of $152.50. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. As a group, research analysts expect that MACOM Technology Solutions will post 2.43 earnings per share for the current year.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $133.00, for a total transaction of $978,215.00. Following the transaction, the senior vice president now owns 43,657 shares of the company's stock, valued at $5,806,381. The trade was a 14.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Geoffrey G. Ribar sold 6,656 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total transaction of $809,436.16. Following the completion of the transaction, the director now owns 14,031 shares of the company's stock, valued at approximately $1,706,309.91. The trade was a 32.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 743,948 shares of company stock worth $92,210,640. Corporate insiders own 16.30% of the company's stock.

Institutional Investors Weigh In On MACOM Technology Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC bought a new stake in MACOM Technology Solutions during the 3rd quarter valued at approximately $230,000. Wilmington Savings Fund Society FSB purchased a new stake in MACOM Technology Solutions during the 3rd quarter valued at approximately $111,000. Tidal Investments LLC raised its position in shares of MACOM Technology Solutions by 16.8% during the third quarter. Tidal Investments LLC now owns 15,071 shares of the semiconductor company's stock valued at $1,677,000 after buying an additional 2,169 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in shares of MACOM Technology Solutions by 2.6% in the third quarter. Retirement Systems of Alabama now owns 99,555 shares of the semiconductor company's stock worth $11,076,000 after buying an additional 2,517 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in MACOM Technology Solutions by 42.5% during the fourth quarter. GAMMA Investing LLC now owns 1,170 shares of the semiconductor company's stock valued at $152,000 after acquiring an additional 349 shares in the last quarter. 76.14% of the stock is owned by institutional investors.

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.