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

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $128.00.

Several analysts recently issued reports on the company. Barclays upped their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Benchmark upped their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Northland Securities raised their target price 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 boosted their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, October 25th.

Insider Activity

In other news, CEO Stephen G. Daly sold 4,742 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $118.32, for a total transaction of $561,073.44. Following the transaction, the chief executive officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ambra R. Roth sold 1,366 shares of the business's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $139.07, for a total value of $189,969.62. Following the completion of the sale, the senior vice president now owns 6,564 shares of the company's stock, valued at approximately $912,855.48. This trade represents a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 227,212 shares of company stock valued at $28,778,424. 22.75% of the stock is owned by insiders.

Hedge Funds Weigh In On MACOM Technology Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTSI. Fulton Bank N.A. grew its holdings in shares of MACOM Technology Solutions by 7.7% during the 4th quarter. Fulton Bank N.A. now owns 5,281 shares of the semiconductor company's stock worth $686,000 after purchasing an additional 377 shares in the last quarter. Everence Capital Management Inc. bought a new stake in MACOM Technology Solutions during the fourth quarter worth about $201,000. 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 worth $152,000 after buying an additional 349 shares in the last quarter. Retirement Systems of Alabama increased its holdings in MACOM Technology Solutions by 2.6% in the 3rd quarter. Retirement Systems of Alabama now owns 99,555 shares of the semiconductor company's stock valued at $11,076,000 after buying an additional 2,517 shares during the period. Finally, Tidal Investments LLC raised its position in shares of MACOM Technology Solutions by 16.8% in the 3rd 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 in the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

MACOM Technology Solutions Stock Up 0.1 %

Shares of NASDAQ MTSI traded up $0.10 during midday trading on Thursday, reaching $135.55. The company's stock had a trading volume of 563,616 shares, compared to its average volume of 602,739. The stock has a 50 day simple moving average of $132.79 and a 200-day simple moving average of $116.20. 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 capitalization of $9.81 billion, a price-to-earnings ratio of 131.60, a PEG ratio of 2.43 and a beta of 1.71. MACOM Technology Solutions has a fifty-two week low of $79.25 and a fifty-two week high of $143.90.

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.