MACOM Technology Solutions (NASDAQ:MTSI) Stock Price Expected to Rise, Barclays Analyst Says

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) had its target price upped by equities researchers at Barclays from $120.00 to $160.00 in a research note issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the semiconductor company's stock. Barclays's target price suggests a potential upside of 16.06% from the stock's previous close.

MTSI has been the subject of a number of other research reports. Benchmark lifted their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a "buy" rating in a report on Friday. JPMorgan Chase & Co. boosted their target price on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Needham & Company LLC raised their price target on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Stifel Nicolaus raised their target price on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday, July 18th. Finally, Piper Sandler boosted 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 note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $128.00.

MACOM Technology Solutions Trading Down 0.9 %

Shares of MACOM Technology Solutions stock traded down $1.28 during midday trading on Friday, reaching $137.86. 1,071,352 shares of the company's stock traded hands, compared to its average volume of 423,936. MACOM Technology Solutions has a 12 month low of $72.15 and a 12 month high of $140.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.33 and a current ratio of 8.18. The stock has a 50 day moving average of $110.59 and a 200-day moving average of $106.58. The company has a market cap of $9.95 billion, a PE ratio of 140.67, a price-to-earnings-growth ratio of 4.64 and a beta of 1.69.

Insiders Place Their Bets

In other news, Director Susan Ocampo sold 305,395 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $106.48, for a total transaction of $32,518,459.60. Following the completion of the transaction, the director now directly owns 6,550,889 shares in the company, valued at approximately $697,538,660.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other MACOM Technology Solutions news, Director Susan Ocampo sold 305,395 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $106.48, for a total transaction of $32,518,459.60. Following the sale, the director now directly owns 6,550,889 shares in the company, valued at $697,538,660.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Donghyun Thomas Hwang sold 1,500 shares of the business's stock in a transaction that occurred 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 directly owns 37,102 shares in the company, valued at approximately $4,392,134.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 670,896 shares of company stock valued at $71,284,378 in the last quarter. 22.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of MTSI. Opal Wealth Advisors LLC purchased a new position in MACOM Technology Solutions during the 2nd quarter worth $39,000. GAMMA Investing LLC grew its position in MACOM Technology Solutions by 153.0% during the second quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company's stock valued at $52,000 after buying an additional 283 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in MACOM Technology Solutions in the third quarter valued at approximately $66,000. FSC Wealth Advisors LLC acquired a new position in shares of MACOM Technology Solutions during the 2nd quarter worth about $78,000. Finally, Farther Finance Advisors LLC increased its position in shares of MACOM Technology Solutions by 303.5% during the third quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company's stock worth $102,000 after purchasing an additional 692 shares in the last quarter. 76.14% of the stock is owned by institutional investors.

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.