Analysts Set MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Price Target at $125.91

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eleven research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $125.91.

MTSI has been the topic of several research reports. Needham & Company LLC upped their price objective on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Piper Sandler increased their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their target price 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. 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 report on Monday, November 11th. Finally, 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.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI traded up $2.28 during trading hours on Wednesday, reaching $127.56. The company's stock had a trading volume of 610,177 shares, compared to its average volume of 573,128. MACOM Technology Solutions has a 52 week low of $79.25 and a 52 week high of $140.27. 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 stock has a market cap of $9.24 billion, a PE ratio of 123.85, a PEG ratio of 2.16 and a beta of 1.69. The business has a 50-day simple moving average of $115.07 and a 200 day simple moving average of $108.11.

Insider Activity

In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 21,012 shares of the firm's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $109.40, for a total transaction of $2,298,712.80. Following the sale, the chief executive officer now owns 64,472 shares of the company's stock, valued at approximately $7,053,236.80. This trade represents a 24.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan Ocampo sold 70,000 shares of the firm's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $106.26, for a total value of $7,438,200.00. Following the transaction, the director now directly owns 6,826,685 shares in the company, valued at approximately $725,403,548.10. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 302,269 shares of company stock worth $34,810,966. Corporate insiders own 22.75% of the company's stock.

Institutional Trading of MACOM Technology Solutions

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in MACOM Technology Solutions by 8.1% in the first quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company's stock valued at $592,395,000 after acquiring an additional 465,759 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of MACOM Technology Solutions by 12.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company's stock valued at $132,821,000 after purchasing an additional 154,066 shares during the period. Millennium Management LLC lifted its stake in MACOM Technology Solutions by 958.1% in the 2nd quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company's stock worth $149,214,000 after acquiring an additional 1,212,094 shares in the last quarter. Westfield Capital Management Co. LP grew its stake in MACOM Technology Solutions by 21.0% in the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company's stock valued at $134,686,000 after purchasing an additional 210,151 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in 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 purchasing an additional 46,812 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

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.