Analysts Set MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) PT at $105.78

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has earned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $108.33.

A number of research firms have issued reports on MTSI. TheStreet downgraded MACOM Technology Solutions from a “b” rating to a “c+” rating in a research note on Thursday, February 1st. Benchmark raised their price objective on MACOM Technology Solutions from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday. Barclays lifted their price target on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Stifel Nicolaus raised their price objective on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, Needham & Company LLC boosted their price objective on MACOM Technology Solutions from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, May 3rd.

MACOM Technology Solutions Price Performance

NASDAQ MTSI opened at $101.43 on Friday. The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of 115.26, a PEG ratio of 7.99 and a beta of 1.65. MACOM Technology Solutions has a 1-year low of $53.04 and a 1-year high of $107.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 7.34 and a quick ratio of 5.70. The business’s fifty day moving average price is $97.12 and its 200-day moving average price is $88.82.

Insiders Place Their Bets

In related news, Director Susan Ocampo sold 200,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $85.00, for a total value of $17,000,000.00. Following the completion of the transaction, the director now directly owns 7,245,668 shares of the company’s stock, valued at $615,881,780. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Susan Ocampo sold 200,000 shares of MACOM Technology Solutions stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $85.00, for a total value of $17,000,000.00. Following the completion of the transaction, the director now owns 7,245,668 shares in the company, valued at $615,881,780. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Robert Dennehy sold 2,370 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 32,827 shares in the company, valued at $2,917,663.76. The disclosure for this sale can be found here. Insiders have sold a total of 525,939 shares of company stock valued at $45,338,600 in the last quarter. 22.75% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Riverview Trust Co purchased a new stake in shares of MACOM Technology Solutions in the first quarter valued at $47,000. RiverPark Advisors LLC bought a new position in MACOM Technology Solutions during the 3rd quarter valued at about $58,000. Fidelis Capital Partners LLC purchased a new stake in MACOM Technology Solutions in the 1st quarter worth about $77,000. Harvest Fund Management Co. Ltd bought a new stake in MACOM Technology Solutions in the fourth quarter worth about $69,000. Finally, Hennessy Advisors Inc. purchased a new position in shares of MACOM Technology Solutions during the fourth quarter valued at approximately $129,000. 76.14% of the stock is owned by hedge funds and other institutional investors.

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.