MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) 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 rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $128.00.

MTSI has been the subject of a number of research reports. Northland Securities raised 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. Piper Sandler increased their price target on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Benchmark boosted their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, Barclays increased their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th.

Insider Buying and Selling

In other MACOM Technology Solutions news, SVP Ambra R. Roth sold 1,366 shares of the firm'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 owns 6,564 shares of the company's stock, valued at $912,855.48. This trade represents a 17.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Stephen G. Daly sold 4,742 shares of the company's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $118.32, for a total value of $561,073.44. Following the transaction, the chief executive officer now owns 65,577 shares of the company's stock, valued at approximately $7,759,070.64. This trade represents a 6.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 231,877 shares of company stock worth $29,186,765. 22.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

Institutional investors have recently bought and sold shares of the business. Retirement Systems of Alabama lifted its position in shares of MACOM Technology Solutions by 2.6% during the 3rd 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 during the period. Tidal Investments LLC lifted its holdings 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 acquiring an additional 2,169 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of MACOM Technology Solutions in the 3rd quarter valued at $111,000. Sanctuary Advisors LLC bought a new stake in shares of MACOM Technology Solutions in the 3rd quarter worth about $230,000. Finally, Geode Capital Management LLC increased its position in shares of MACOM Technology Solutions by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company's stock worth $113,044,000 after purchasing an additional 46,812 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company's stock.

MACOM Technology Solutions Trading Up 1.9 %

Shares of MTSI traded up $2.55 during midday trading on Friday, hitting $139.04. The stock had a trading volume of 657,320 shares, compared to its average volume of 571,666. MACOM Technology Solutions has a fifty-two week low of $79.25 and a fifty-two week high of $143.90. The business has a 50-day simple moving average of $125.31 and a two-hundred day simple moving average of $112.21. The company has a current ratio of 8.35, a quick ratio of 6.55 and a debt-to-equity ratio of 0.43. The firm has a market cap of $10.07 billion, a P/E ratio of 134.99, a price-to-earnings-growth ratio of 2.42 and a beta of 1.71.

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.