MACOM Technology Solutions' (MTSI) Buy Rating Reaffirmed at Benchmark

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Benchmark in a research note issued on Monday,Benzinga reports. They currently have a $160.00 price objective on the semiconductor company's stock. Benchmark's target price would indicate a potential upside of 31.05% from the stock's previous close.

MTSI has been the subject of a number of other reports. Piper Sandler upped their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Northland Securities raised shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $105.00 to $140.00 in a research report on Monday. 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. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $131.50.

MACOM Technology Solutions Trading Up 0.2 %

NASDAQ MTSI traded up $0.22 during mid-day trading on Monday, reaching $122.09. 589,915 shares of the stock were exchanged, compared to its average volume of 745,721. MACOM Technology Solutions has a 1-year low of $82.36 and a 1-year high of $152.50. The business's fifty day simple moving average is $134.59 and its 200 day simple moving average is $120.40. The stock has a market capitalization of $9.08 billion, a PE ratio of -84.78, a PEG ratio of 2.27 and a beta of 1.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.55 and a current ratio of 3.61.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. On average, research analysts anticipate that MACOM Technology Solutions will post 2.71 earnings per share for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Ambra R. Roth sold 1,366 shares of the 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 $912,855.48. This trade represents a 17.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan Ocampo sold 105,782 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $123.67, for a total transaction of $13,082,059.94. Following the completion of the sale, the director now directly owns 5,914,008 shares of the company's stock, valued at $731,385,369.36. This trade represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 238,954 shares of company stock valued at $30,343,543 over the last 90 days. 16.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MACOM Technology Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the business. Louisiana State Employees Retirement System boosted its stake in shares of MACOM Technology Solutions by 0.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company's stock valued at $2,092,000 after buying an additional 100 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of MACOM Technology Solutions by 1.4% during the 4th quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company's stock valued at $930,000 after buying an additional 100 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of MACOM Technology Solutions by 74.3% during the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock valued at $31,000 after buying an additional 101 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of MACOM Technology Solutions by 8.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company's stock valued at $174,000 after buying an additional 101 shares during the last quarter. Finally, EP Wealth Advisors LLC boosted its stake in shares of MACOM Technology Solutions by 4.2% during the 3rd quarter. EP Wealth Advisors LLC now owns 2,712 shares of the semiconductor company's stock valued at $302,000 after buying an additional 110 shares during the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

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.