Benchmark Issues Positive Forecast for MACOM Technology Solutions (NASDAQ:MTSI) Stock Price

MACOM Technology Solutions (NASDAQ:MTSI) had its price target lifted by Benchmark from $120.00 to $160.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Other equities analysts also recently issued reports about the company. Piper Sandler lifted their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their target price on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note 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 research report on Friday, August 2nd. Barclays upped their price objective on MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Stifel Nicolaus lifted their target price on MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, MACOM Technology Solutions presently has an average rating of “Moderate Buy” and an average target price of $125.91.

MACOM Technology Solutions Trading Down 2.4 %

MTSI opened at $134.49 on Friday. MACOM Technology Solutions has a 52 week low of $75.15 and a 52 week high of $140.27. The company has a quick ratio of 6.33, a current ratio of 8.35 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $111.09 and a 200-day simple moving average of $106.91. The firm has a market cap of $9.71 billion, a P/E ratio of 130.57, a P/E/G ratio of 5.25 and a beta of 1.69.

Insider Buying and Selling

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 1,500 shares of the firm’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 transaction of $177,570.00. Following the sale, the senior vice president now owns 37,102 shares of the company’s stock, valued at approximately $4,392,134.76. This trade 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 can be accessed through this link. In related news, CEO Stephen G. Daly sold 21,012 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $109.40, for a total value of $2,298,712.80. Following the completion of the sale, the chief executive officer now directly owns 64,472 shares of the company’s stock, valued at $7,053,236.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Donghyun Thomas Hwang sold 1,500 shares of the firm’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 value of $177,570.00. Following the transaction, the senior vice president now owns 37,102 shares in the company, valued at $4,392,134.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 575,153 shares of company stock worth $61,405,615 over the last 90 days. 22.75% of the stock is owned by insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

Several large investors have recently modified their holdings of the company. Texas Permanent School Fund Corp boosted its stake in MACOM Technology Solutions by 2.5% during the 1st quarter. Texas Permanent School Fund Corp now owns 47,935 shares of the semiconductor company’s stock worth $4,585,000 after purchasing an additional 1,185 shares during the period. Duality Advisers LP grew its holdings in shares of MACOM Technology Solutions by 13.4% during the first quarter. Duality Advisers LP now owns 3,093 shares of the semiconductor company’s stock worth $296,000 after buying an additional 366 shares during the last quarter. Swiss National Bank increased its position in MACOM Technology Solutions by 1.8% in the 1st quarter. Swiss National Bank now owns 113,850 shares of the semiconductor company’s stock valued at $10,889,000 after acquiring an additional 2,000 shares during the period. Sei Investments Co. raised its stake in MACOM Technology Solutions by 14.4% during the 1st quarter. Sei Investments Co. now owns 297,615 shares of the semiconductor company’s stock valued at $28,464,000 after acquiring an additional 37,407 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of MACOM Technology Solutions by 303.7% in the 1st quarter. Russell Investments Group Ltd. now owns 23,591 shares of the semiconductor company’s stock valued at $2,256,000 after purchasing an additional 17,748 shares during the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

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.