MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Given Consensus Rating of “Moderate Buy” by Brokerages

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has received an average recommendation of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $125.91.

A number of research firms recently commented on MTSI. Barclays upped their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Piper Sandler boosted their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Northland Securities increased their target price on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted their price target 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. Finally, Needham & Company LLC lifted their target price on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd.

MACOM Technology Solutions Price Performance

Shares of MTSI stock opened at $134.64 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55. The company has a market capitalization of $9.75 billion, a PE ratio of 130.72, a price-to-earnings-growth ratio of 2.36 and a beta of 1.69. The firm’s 50-day moving average is $117.02 and its two-hundred day moving average is $108.81. MACOM Technology Solutions has a 12 month low of $79.25 and a 12 month high of $140.27.

Insiders Place Their Bets

In related news, Director Susan Ocampo sold 12,438 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $136.73, for a total transaction of $1,700,647.74. Following the completion of the sale, the director now owns 6,500,755 shares in the company, valued at $888,848,231.15. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert Dennehy sold 6,915 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was 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 26.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 255,898 shares of company stock worth $31,753,002 in the last 90 days. Corporate insiders own 22.75% of the company’s stock.

Institutional Investors Weigh In On MACOM Technology Solutions

Several hedge funds have recently made changes to their positions in MTSI. Opal Wealth Advisors LLC purchased a new position in MACOM Technology Solutions during the 2nd quarter worth $39,000. GAMMA Investing LLC raised its holdings in MACOM Technology Solutions by 153.0% during the second quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 283 shares in the last quarter. Quarry LP acquired a new stake in MACOM Technology Solutions in the third quarter valued at about $57,000. Allspring Global Investments Holdings LLC purchased a new stake in MACOM Technology Solutions in the 3rd quarter valued at approximately $66,000. Finally, FSC Wealth Advisors LLC acquired a new position in MACOM Technology Solutions during the 2nd quarter worth approximately $78,000. Institutional investors and hedge funds 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.