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

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) had its target price hoisted by analysts at Benchmark from $120.00 to $160.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the semiconductor company's stock. Benchmark's target price would indicate a potential upside of 16.06% from the company's current price.

Other analysts have also recently issued research reports about the company. Barclays lifted their price target on MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Needham & Company LLC upped their target price on 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 report on Friday, August 2nd. Stifel Nicolaus lifted their price objective on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, July 18th. Finally, Piper Sandler upped their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $128.00.

MACOM Technology Solutions Stock Performance

MACOM Technology Solutions stock traded down $1.28 during mid-day trading on Friday, reaching $137.86. 1,071,348 shares of the company traded hands, compared to its average volume of 423,936. MACOM Technology Solutions has a fifty-two week low of $72.15 and a fifty-two week high of $140.27. The firm's fifty day moving average is $110.02 and its two-hundred day moving average is $106.28. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.18 and a quick ratio of 6.33. The company has a market capitalization of $9.95 billion, a price-to-earnings ratio of 140.67, a price-to-earnings-growth ratio of 4.64 and a beta of 1.69.

Insider Buying and Selling

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 4,375 shares of the company's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $104.57, for a total value of $457,493.75. Following the completion of the transaction, the senior vice president now owns 37,148 shares in the company, valued at approximately $3,884,566.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Stephen G. Daly sold 7,122 shares of MACOM Technology Solutions stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $112.53, for a total value of $801,438.66. Following the sale, the chief executive officer now owns 55,826 shares of the company's stock, valued at approximately $6,282,099.78. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Donghyun Thomas Hwang sold 4,375 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $104.57, for a total transaction of $457,493.75. Following the transaction, the senior vice president now owns 37,148 shares of the company's stock, valued at $3,884,566.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 670,896 shares of company stock valued at $71,284,378. Corporate insiders own 22.75% of the company's stock.

Institutional Trading of MACOM Technology Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Opal Wealth Advisors LLC acquired a new stake in MACOM Technology Solutions in the 2nd quarter worth about $39,000. GAMMA Investing LLC lifted its position in shares of MACOM Technology Solutions by 153.0% in the second quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company's stock valued at $52,000 after acquiring an additional 283 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of MACOM Technology Solutions in the third quarter worth approximately $66,000. FSC Wealth Advisors LLC purchased a new stake in shares of MACOM Technology Solutions during the second quarter worth approximately $78,000. Finally, Farther Finance Advisors LLC raised its stake in MACOM Technology Solutions by 303.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company's stock valued at $102,000 after purchasing an additional 692 shares during the last quarter. Hedge funds and other institutional investors 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.