MACOM Technology Solutions (NASDAQ:MTSI) Price Target Raised to $115.00 at Piper Sandler

MACOM Technology Solutions (NASDAQ:MTSI - Free Report) had its price target boosted by Piper Sandler from $100.00 to $115.00 in a research note published on Friday, Benzinga reports. The firm currently has a neutral rating on the semiconductor company's stock.

Several other research firms also recently weighed in on MTSI. Needham & Company LLC lifted their target price on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. Barclays increased their target price on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price target on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Stifel Nicolaus increased their price objective on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a "buy" rating in a research note on Thursday, July 18th. Finally, Benchmark restated a "buy" rating and set a $120.00 target price on shares of MACOM Technology Solutions in a research note on Thursday, September 12th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $120.00.

MACOM Technology Solutions Stock Performance

Shares of MACOM Technology Solutions stock traded up $4.72 during trading hours on Friday, reaching $121.70. 805,560 shares of the stock traded hands, compared to its average volume of 565,994. MACOM Technology Solutions has a one year low of $68.58 and a one year high of $121.86. The firm has a market capitalization of $8.79 billion, a price-to-earnings ratio of 124.18, a P/E/G ratio of 4.33 and a beta of 1.70. The company has a quick ratio of 6.33, a current ratio of 8.18 and a debt-to-equity ratio of 0.45. The company has a 50 day moving average price of $107.66 and a 200 day moving average price of $104.99.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 EPS for the quarter, meeting analysts' consensus estimates of $0.66. The business had revenue of $190.50 million during the quarter, compared to analysts' expectations of $190.42 million. MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. The firm's revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 earnings per share. On average, equities research analysts expect that MACOM Technology Solutions will post 1.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Donghyun Thomas Hwang sold 4,375 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $104.57, for a total transaction of $457,493.75. Following the completion of the transaction, the senior vice president now owns 37,148 shares in the company, valued at $3,884,566.36. This trade 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 the SEC website. In related news, SVP Robert Dennehy sold 6,915 shares of the company's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $101.38, for a total transaction of $701,042.70. Following the sale, the senior vice president now owns 19,481 shares of the company's stock, valued at $1,974,983.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Donghyun Thomas Hwang sold 4,375 shares of MACOM Technology Solutions stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $104.57, for a total transaction of $457,493.75. Following the completion of the transaction, the senior vice president now directly owns 37,148 shares of the company's stock, valued at $3,884,566.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 654,861 shares of company stock worth $69,430,533 in the last 90 days. 22.75% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Opal Wealth Advisors LLC bought a new stake in MACOM Technology Solutions in the second quarter worth $39,000. GAMMA Investing LLC boosted its stake in shares of MACOM Technology Solutions by 153.0% during the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company's stock worth $52,000 after purchasing an additional 283 shares during the period. Allspring Global Investments Holdings LLC bought a new position in MACOM Technology Solutions during the 3rd quarter valued at about $66,000. Fidelis Capital Partners LLC bought a new position in MACOM Technology Solutions during the 1st quarter valued at about $77,000. Finally, FSC Wealth Advisors LLC purchased a new stake in MACOM Technology Solutions in the 2nd quarter worth about $78,000. 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.