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

MACOM Technology Solutions (NASDAQ:MTSI - Free Report) had its target price upped by Northland Securities from $85.00 to $105.00 in a report released on Monday morning,Benzinga reports. Northland Securities currently has a market perform rating on the semiconductor company's stock.

A number of other research firms have also recently weighed in on MTSI. JPMorgan Chase & Co. lifted their target price on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a "neutral" rating in a research note on Friday, August 2nd. Barclays upped their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday. Needham & Company LLC boosted their price target on MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Benchmark upped their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Stifel Nicolaus lifted their price objective on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the company a "buy" rating in a research report on Thursday, July 18th. Three 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, MACOM Technology Solutions currently has an average rating of "Moderate Buy" and an average price target of $125.91.

MACOM Technology Solutions Stock Performance

MACOM Technology Solutions stock traded down $3.37 during midday trading on Monday, hitting $134.49. The stock had a trading volume of 613,083 shares, compared to its average volume of 571,521. MACOM Technology Solutions has a 52-week low of $75.15 and a 52-week high of $140.27. The company has a market capitalization of $9.71 billion, a PE ratio of 133.01, a P/E/G ratio of 5.25 and a beta of 1.69. The firm's fifty day moving average is $110.59 and its two-hundred day moving average is $106.67. The company has a current ratio of 8.35, a quick ratio of 6.33 and a debt-to-equity ratio of 0.43.

Insider Buying and Selling

In other news, SVP Donghyun Thomas Hwang sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $118.38, for a total transaction 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 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other MACOM Technology Solutions news, SVP Robert Dennehy sold 6,915 shares of the firm's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $101.38, for a total value of $701,042.70. Following the completion of the sale, the senior vice president now owns 19,481 shares of the company's stock, valued at $1,974,983.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Donghyun Thomas Hwang sold 1,500 shares of the company'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. Over the last quarter, insiders sold 670,896 shares of company stock worth $71,284,378. Corporate insiders own 22.75% of the company's stock.

Hedge Funds Weigh In On MACOM Technology Solutions

Large investors have recently bought and sold shares of the business. CWM LLC boosted its stake in shares of MACOM Technology Solutions by 7.3% during the second quarter. CWM LLC now owns 1,451 shares of the semiconductor company's stock valued at $162,000 after purchasing an additional 99 shares during the period. EP Wealth Advisors LLC boosted its position in MACOM Technology Solutions by 4.3% in the 2nd quarter. EP Wealth Advisors LLC now owns 2,602 shares of the semiconductor company's stock valued at $290,000 after buying an additional 107 shares during the period. Verdence Capital Advisors LLC grew its stake in MACOM Technology Solutions by 6.1% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,371 shares of the semiconductor company's stock worth $264,000 after acquiring an additional 137 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of MACOM Technology Solutions by 3.4% during the third quarter. Avior Wealth Management LLC now owns 4,802 shares of the semiconductor company's stock worth $534,000 after acquiring an additional 157 shares during the period. Finally, Chartwell Investment Partners LLC raised its stake in shares of MACOM Technology Solutions by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 25,014 shares of the semiconductor company's stock valued at $2,783,000 after acquiring an additional 199 shares in the last quarter. 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.