MACOM Technology Solutions (NASDAQ:MTSI) Price Target Raised to $120.00 at Barclays

MACOM Technology Solutions (NASDAQ:MTSI) had its price target boosted by Barclays from $115.00 to $120.00 in a report issued on Friday, Benzinga reports. Barclays currently has an overweight rating on the semiconductor company’s stock.

Other research analysts have also issued research reports about the company. Jefferies Financial Group restated a buy rating and set a $135.00 target price (up previously from $100.00) on shares of MACOM Technology Solutions in a research report on Monday, May 13th. Stifel Nicolaus boosted their target price on MACOM Technology Solutions from $115.00 to $135.00 and gave the company a buy rating in a research report on Thursday, July 18th. Craig Hallum boosted their price target on MACOM Technology Solutions from $95.00 to $120.00 and gave the company a buy rating in a report on Friday, May 3rd. Benchmark boosted their price target on 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 boosted their price target on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a buy rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $114.55.

MACOM Technology Solutions Trading Down 2.5 %

Shares of NASDAQ:MTSI traded down $2.52 during trading hours on Friday, hitting $97.13. 948,815 shares of the company’s stock traded hands, compared to its average volume of 709,936. MACOM Technology Solutions has a 1 year low of $67.17 and a 1 year high of $118.76. The business has a fifty day moving average price of $106.06 and a 200-day moving average price of $98.17. The firm has a market capitalization of $7.00 billion, a P/E ratio of 110.38, a price-to-earnings-growth ratio of 5.09 and a beta of 1.69. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.18 and a quick ratio of 5.70.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Thursday, May 2nd. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.05). MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. The business had revenue of $181.23 million for the quarter, compared to analysts’ expectations of $180.97 million. Equities analysts expect that MACOM Technology Solutions will post 1.92 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO John Kober sold 13,666 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $102.98, for a total value of $1,407,324.68. Following the completion of the transaction, the chief financial officer now owns 47,006 shares of the company’s stock, valued at $4,840,677.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Donghyun Thomas Hwang sold 5,000 shares of the company’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $106.25, for a total transaction of $531,250.00. Following the transaction, the senior vice president now directly owns 41,523 shares of the company’s stock, valued at $4,411,818.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO John Kober sold 13,666 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $102.98, for a total value of $1,407,324.68. Following the transaction, the chief financial officer now directly owns 47,006 shares in the company, valued at $4,840,677.88. The disclosure for this sale can be found here. Insiders sold 538,427 shares of company stock valued at $55,391,868 over the last 90 days. Corporate insiders own 22.75% of the company’s stock.

Hedge Funds Weigh In On MACOM Technology Solutions

A number of large investors have recently made changes to their positions in the business. Raymond James & Associates grew its holdings in shares of MACOM Technology Solutions by 2.9% during the fourth quarter. Raymond James & Associates now owns 36,837 shares of the semiconductor company’s stock valued at $3,424,000 after buying an additional 1,054 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at $156,000. Fulton Bank N.A. grew its holdings in shares of MACOM Technology Solutions by 6.6% during the fourth quarter. Fulton Bank N.A. now owns 5,186 shares of the semiconductor company’s stock valued at $482,000 after buying an additional 323 shares during the last quarter. New York State Teachers Retirement System grew its holdings in shares of MACOM Technology Solutions by 2.5% during the fourth quarter. New York State Teachers Retirement System now owns 8,226 shares of the semiconductor company’s stock valued at $765,000 after buying an additional 200 shares during the last quarter. Finally, Cerity Partners LLC purchased a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at $304,000. 76.14% of the stock is owned by institutional investors and hedge funds.

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.