Benchmark Increases MACOM Technology Solutions (NASDAQ:MTSI) Price Target to $160.00

MACOM Technology Solutions (NASDAQ:MTSI) had its price target upped by analysts at Benchmark from $120.00 to $160.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Benchmark’s price target points to a potential upside of 16.06% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the company. Piper Sandler boosted their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Barclays lifted their price target on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Stifel Nicolaus increased their price objective on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. boosted their price objective on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Needham & Company LLC increased their target price on MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $128.00.

MACOM Technology Solutions Stock Down 0.9 %

Shares of MTSI opened at $137.86 on Friday. The firm has a market capitalization of $9.95 billion, a price-to-earnings ratio of 140.67, a PEG ratio of 4.64 and a beta of 1.69. MACOM Technology Solutions has a 52 week low of $72.15 and a 52 week high of $140.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.33 and a current ratio of 8.18. The business’s fifty day moving average price is $110.59 and its two-hundred day moving average price is $106.63.

Insider Activity at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 305,395 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $106.48, for a total transaction of $32,518,459.60. Following the completion of the sale, the director now owns 6,550,889 shares in the company, valued at approximately $697,538,660.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Susan Ocampo sold 305,395 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $106.48, for a total value of $32,518,459.60. Following the transaction, the director now owns 6,550,889 shares in the company, valued at $697,538,660.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Robert Dennehy sold 6,683 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $106.78, for a total transaction of $713,610.74. Following the sale, the senior vice president now owns 26,396 shares of the company’s stock, valued at $2,818,564.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 670,896 shares of company stock valued at $71,284,378. 22.75% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. CWM LLC grew its holdings in shares of MACOM Technology Solutions by 7.3% during the second quarter. CWM LLC now owns 1,451 shares of the semiconductor company’s stock worth $162,000 after purchasing an additional 99 shares in the last quarter. EP Wealth Advisors LLC grew its position in MACOM Technology Solutions by 4.3% in the second quarter. EP Wealth Advisors LLC now owns 2,602 shares of the semiconductor company’s stock worth $290,000 after acquiring an additional 107 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in MACOM Technology Solutions by 6.1% in the third quarter. Verdence Capital Advisors LLC now owns 2,371 shares of the semiconductor company’s stock valued at $264,000 after acquiring an additional 137 shares during the last quarter. Avior Wealth Management LLC raised its position in MACOM Technology Solutions by 3.4% during the third quarter. Avior Wealth Management LLC now owns 4,802 shares of the semiconductor company’s stock valued at $534,000 after purchasing an additional 157 shares in the last quarter. Finally, Chartwell Investment Partners LLC raised its position in MACOM Technology Solutions by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 25,014 shares of the semiconductor company’s stock valued at $2,783,000 after purchasing an additional 199 shares in the last quarter. 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.