Brokerages Set MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Price Target at $131.50

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) have earned an average rating of "Moderate Buy" from the eleven analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $131.50.

Several research firms have commented on MTSI. Benchmark reaffirmed a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Barclays lifted 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. Finally, Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $105.00 to $140.00 in a research report on Monday, February 10th.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock traded down $6.39 during trading hours on Friday, hitting $109.27. The stock had a trading volume of 479,516 shares, compared to its average volume of 599,161. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. The firm has a market capitalization of $8.12 billion, a PE ratio of -76.03, a PEG ratio of 2.42 and a beta of 1.71. The stock's 50 day moving average is $130.84 and its 200 day moving average is $122.30. MACOM Technology Solutions has a twelve month low of $88.18 and a twelve month high of $152.50.

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MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.38). MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. As a group, research analysts forecast that MACOM Technology Solutions will post 2.43 earnings per share for the current fiscal year.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, CFO John Kober sold 2,250 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total value of $292,702.50. Following the sale, the chief financial officer now owns 49,239 shares of the company's stock, valued at $6,405,501.51. This represents a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 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. Insiders sold 747,562 shares of company stock valued at $92,693,081 in the last ninety days. Corporate insiders own 16.30% of the company's stock.

Institutional Investors Weigh In On MACOM Technology Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. Elequin Capital LP purchased a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at $26,000. UMB Bank n.a. lifted its holdings in MACOM Technology Solutions by 74.3% in the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of MACOM Technology Solutions during the 4th quarter worth about $33,000. SBI Securities Co. Ltd. purchased a new stake in shares of MACOM Technology Solutions during the fourth quarter worth about $35,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 76.14% of the company's stock.

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.