MACOM Technology Solutions (NASDAQ:MTSI) Given New $135.00 Price Target at Stifel Nicolaus

MACOM Technology Solutions (NASDAQ:MTSI) had its price target lifted by Stifel Nicolaus from $115.00 to $135.00 in a report released on Thursday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the semiconductor company’s stock.

Several other analysts have also commented on MTSI. Craig Hallum increased their price objective on MACOM Technology Solutions from $95.00 to $120.00 and gave the company a buy rating in a report on Friday, May 3rd. Jefferies Financial Group reiterated a buy rating and issued a $135.00 price target (up from $100.00) on shares of MACOM Technology Solutions in a research note on Monday, May 13th. Evercore ISI started coverage on MACOM Technology Solutions in a research note on Tuesday, April 16th. They set an outperform rating and a $120.00 price target on the stock. Benchmark upped their price objective on shares of MACOM Technology Solutions from $95.00 to $115.00 and gave the company a buy rating in a report on Monday, May 6th. Finally, Needham & Company LLC lifted their target price on shares of MACOM Technology Solutions from $100.00 to $110.00 and gave the stock a buy rating in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $113.00.

MACOM Technology Solutions Stock Performance

Shares of MACOM Technology Solutions stock opened at $104.27 on Thursday. The company has a market capitalization of $7.52 billion, a PE ratio of 118.49, a P/E/G ratio of 5.33 and a beta of 1.70. The company has a 50-day simple moving average of $106.36 and a two-hundred day simple moving average of $97.18. MACOM Technology Solutions has a one year low of $64.13 and a one year high of $118.76. The company has a debt-to-equity ratio of 0.47, a quick ratio of 5.70 and a current ratio of 7.34.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). MACOM Technology Solutions had a return on equity of 12.67% and a net margin of 10.01%. The firm had revenue of $181.23 million during the quarter, compared to analysts’ expectations of $180.97 million. Research analysts expect that MACOM Technology Solutions will post 1.93 EPS for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In related news, Director Charles R. Bland sold 2,500 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $102.39, for a total transaction of $255,975.00. Following the completion of the transaction, the director now owns 26,439 shares of the company’s stock, valued at $2,707,089.21. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Susan Ocampo sold 7,326 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $102.01, for a total value of $747,325.26. Following the sale, the director now owns 7,894,952 shares in the company, valued at $805,364,053.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles R. Bland sold 2,500 shares of MACOM Technology Solutions stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $102.39, for a total value of $255,975.00. Following the transaction, the director now owns 26,439 shares of the company’s stock, valued at $2,707,089.21. The disclosure for this sale can be found here. In the last ninety days, insiders sold 533,427 shares of company stock worth $54,860,618. Company insiders own 22.75% of the company’s stock.

Institutional Investors Weigh In On MACOM Technology Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in MACOM Technology Solutions by 8.1% during the first quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock worth $592,395,000 after buying an additional 465,759 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of MACOM Technology Solutions by 12.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company’s stock worth $132,821,000 after acquiring an additional 154,066 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of MACOM Technology Solutions by 4.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 539,249 shares of the semiconductor company’s stock valued at $50,123,000 after acquiring an additional 23,788 shares during the period. Principal Financial Group Inc. increased its stake in shares of MACOM Technology Solutions by 4.6% in the 4th quarter. Principal Financial Group Inc. now owns 517,283 shares of the semiconductor company’s stock valued at $48,081,000 after purchasing an additional 22,662 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of MACOM Technology Solutions in the 4th quarter valued at about $44,250,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

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.