MACOM Technology Solutions (NASDAQ:MTSI) Price Target Increased to $120.00 by Analysts at Craig Hallum

MACOM Technology Solutions (NASDAQ:MTSI) had its price objective boosted by Craig Hallum from $95.00 to $120.00 in a research note published on Friday morning, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other analysts have also commented on MTSI. Evercore ISI started coverage on shares of MACOM Technology Solutions in a research note on Tuesday, April 16th. They set an outperform rating and a $120.00 price objective for the company. Stifel Nicolaus boosted their target price on MACOM Technology Solutions from $105.00 to $115.00 and gave the company a buy rating in a research note on Thursday, April 18th. TheStreet lowered MACOM Technology Solutions from a b rating to a c+ rating in a report on Thursday, February 1st. Piper Sandler reissued a neutral rating and issued a $85.00 price target on shares of MACOM Technology Solutions in a research note on Thursday, January 4th. Finally, Needham & Company LLC raised their price objective on shares of MACOM Technology Solutions from $100.00 to $110.00 and gave the company a buy rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $105.78.

MACOM Technology Solutions Stock Up 3.9 %

Shares of MTSI stock traded up $3.87 during trading hours on Friday, reaching $102.85. The company had a trading volume of 629,777 shares, compared to its average volume of 561,157. MACOM Technology Solutions has a twelve month low of $48.53 and a twelve month high of $104.90. The company has a market capitalization of $7.41 billion, a P/E ratio of 116.88, a price-to-earnings-growth ratio of 6.27 and a beta of 1.65. The company has a debt-to-equity ratio of 0.47, a quick ratio of 5.69 and a current ratio of 7.34. The stock’s fifty day simple moving average is $96.16 and its 200 day simple moving average is $88.22.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. The firm had revenue of $157.15 million for the quarter, compared to analysts’ expectations of $151.12 million. MACOM Technology Solutions had a net margin of 10.01% and a return on equity of 12.67%. As a group, sell-side analysts expect that MACOM Technology Solutions will post 2.02 earnings per share for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Robert Dennehy sold 2,370 shares of MACOM Technology Solutions stock in a transaction on Friday, March 15th. The stock was sold at an average price of $88.88, for a total value of $210,645.60. Following the completion of the transaction, the senior vice president now owns 32,827 shares in the company, valued at approximately $2,917,663.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Donghyun Thomas Hwang sold 9,397 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $92.24, for a total transaction of $866,779.28. Following the completion of the transaction, the senior vice president now owns 48,325 shares in the company, valued at $4,457,498. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Robert Dennehy sold 2,370 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $88.88, for a total value of $210,645.60. Following the completion of the transaction, the senior vice president now directly owns 32,827 shares of the company’s stock, valued at $2,917,663.76. The disclosure for this sale can be found here. Insiders have sold a total of 804,824 shares of company stock worth $68,127,415 over the last ninety days. Corporate insiders own 22.75% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Riverview Trust Co bought a new stake in shares of MACOM Technology Solutions during the 1st quarter worth about $47,000. RiverPark Advisors LLC acquired a new position in shares of MACOM Technology Solutions during the 3rd quarter worth approximately $58,000. Fidelis Capital Partners LLC bought a new position in shares of MACOM Technology Solutions during the first quarter worth approximately $77,000. Harvest Fund Management Co. Ltd bought a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $69,000. Finally, Hennessy Advisors Inc. acquired a new position in MACOM Technology Solutions in the fourth quarter valued at about $129,000. 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.