Analysts Set MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Target Price at $128.00

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) have received an average recommendation of "Moderate Buy" from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $128.00.

A number of brokerages recently commented on MTSI. 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. Barclays increased their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, November 8th. Piper Sandler upped their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Finally, Northland Securities lifted their price target 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.

MACOM Technology Solutions Price Performance

MTSI stock traded down $6.23 during midday trading on Monday, hitting $129.50. The company's stock had a trading volume of 1,668,144 shares, compared to its average volume of 704,047. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43. MACOM Technology Solutions has a 12 month low of $79.53 and a 12 month high of $152.50. The company has a 50 day moving average of $136.08 and a two-hundred day moving average of $119.68. The firm has a market capitalization of $9.63 billion, a price-to-earnings ratio of 125.73, a price-to-earnings-growth ratio of 2.32 and a beta of 1.71.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a return on equity of 12.91% and a net margin of 10.53%. On average, analysts expect that MACOM Technology Solutions will post 2.71 EPS for the current year.

Insider Activity

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 7,355 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $133.00, for a total value of $978,215.00. Following the transaction, the senior vice president now directly owns 43,657 shares in the company, valued at $5,806,381. This represents a 14.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $189,969.62. Following the transaction, the senior vice president now directly owns 6,564 shares in the company, 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 90 days, insiders have sold 218,532 shares of company stock valued at $27,902,795. 16.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MTSI. Westfield Capital Management Co. LP raised its holdings in shares of 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 acquiring an additional 210,151 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in MACOM Technology Solutions by 52.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company's stock valued at $59,037,000 after purchasing an additional 182,058 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of MACOM Technology Solutions by 18.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company's stock valued at $82,945,000 after purchasing an additional 116,090 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of MACOM Technology Solutions in the 3rd quarter worth approximately $11,005,000. Finally, Assenagon Asset Management S.A. bought a new position in shares of MACOM Technology Solutions during the third quarter valued at approximately $8,916,000. 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.