MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $144.79 and last traded at $143.80, with a volume of 54014 shares changing hands. The stock had previously closed at $140.89.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on MTSI. Piper Sandler increased their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Benchmark increased their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a "buy" rating in a report on Friday, November 8th. Barclays lifted 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. Finally, Northland Securities increased their price target on 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. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, MACOM Technology Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $128.00.
View Our Latest Stock Report on MTSI
MACOM Technology Solutions Price Performance
The firm has a market capitalization of $10.53 billion, a P/E ratio of 141.18, a price-to-earnings-growth ratio of 2.33 and a beta of 1.71. 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 firm has a 50 day moving average price of $134.37 and a 200-day moving average price of $117.18.
Insiders Place Their Bets
In other news, CEO Stephen G. Daly sold 7,122 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $112.53, for a total value of $801,438.66. Following the sale, the chief executive officer now directly owns 55,826 shares in the company, valued at approximately $6,282,099.78. This represents a 11.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Donghyun Thomas Hwang sold 1,500 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $118.38, for a total value of $177,570.00. Following the transaction, the senior vice president now owns 37,102 shares of the company's stock, valued at approximately $4,392,134.76. The trade was a 3.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 227,212 shares of company stock valued at $28,778,424 over the last three months. 22.75% of the stock is owned by company insiders.
Institutional Trading of MACOM Technology Solutions
Institutional investors and hedge funds have recently made changes to their positions in the business. UMB Bank n.a. grew its holdings in shares of MACOM Technology Solutions by 74.3% in the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock worth $31,000 after purchasing an additional 101 shares during the last quarter. ORG Wealth Partners LLC bought a new position in MACOM Technology Solutions in the 4th quarter worth about $36,000. Quarry LP purchased a new position in shares of MACOM Technology Solutions during the third quarter worth approximately $57,000. Allspring Global Investments Holdings LLC purchased a new position in shares of MACOM Technology Solutions during the third quarter worth approximately $66,000. Finally, GAMMA Investing LLC raised its stake in shares of MACOM Technology Solutions by 75.4% during the third quarter. GAMMA Investing LLC now owns 821 shares of the semiconductor company's stock valued at $91,000 after acquiring an additional 353 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors.
MACOM Technology Solutions Company Profile
(
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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.
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