Analysts Set MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Target Price at $117.00

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has been assigned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $117.00.

A number of brokerages have recently issued reports on MTSI. JPMorgan Chase & Co. lifted their target price on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Stifel Nicolaus lifted their price objective on MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Barclays increased their target price on MACOM Technology Solutions from $115.00 to $120.00 and gave the company an “overweight” 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 stock a “buy” rating in a research report on Friday, August 2nd. Finally, Benchmark reaffirmed a “buy” rating and issued a $120.00 price target on shares of MACOM Technology Solutions in a report on Thursday, September 12th.

MACOM Technology Solutions Price Performance

MTSI stock opened at $110.22 on Tuesday. The firm has a market cap of $7.95 billion, a P/E ratio of 125.25, a price-to-earnings-growth ratio of 5.46 and a beta of 1.70. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.33 and a current ratio of 8.18. MACOM Technology Solutions has a 1 year low of $68.58 and a 1 year high of $118.76. The stock has a 50-day simple moving average of $103.35 and a 200-day simple moving average of $103.18.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.66. The company had revenue of $190.50 million during the quarter, compared to the consensus estimate of $190.42 million. MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. MACOM Technology Solutions’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $0.42 earnings per share. On average, equities analysts predict that MACOM Technology Solutions will post 1.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Robert Dennehy sold 6,915 shares of the 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 directly owns 19,481 shares in the company, valued at approximately $1,974,983.78. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Robert Dennehy sold 6,915 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $101.38, for a total transaction of $701,042.70. Following the completion of the transaction, the senior vice president now owns 19,481 shares in the company, valued at approximately $1,974,983.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Donghyun Thomas Hwang sold 4,375 shares of MACOM Technology Solutions stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $104.57, for a total transaction of $457,493.75. Following the completion of the sale, the senior vice president now owns 37,148 shares in the company, valued at approximately $3,884,566.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 659,861 shares of company stock valued at $69,961,783 over the last quarter. Insiders own 22.75% of the company’s stock.

Institutional Trading of MACOM Technology Solutions

Several large investors have recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC bought a new position in shares of MACOM Technology Solutions in the second quarter worth $39,000. Riverview Trust Co bought a new position in MACOM Technology Solutions in the 1st quarter valued at about $47,000. GAMMA Investing LLC grew its position in MACOM Technology Solutions by 153.0% in the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock valued at $52,000 after buying an additional 283 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in MACOM Technology Solutions during the 1st quarter valued at about $77,000. Finally, FSC Wealth Advisors LLC bought a new stake in shares of MACOM Technology Solutions during the 2nd quarter worth about $78,000. 76.14% of the stock is currently 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.