MACOM Technology Solutions (NASDAQ:MTSI) Stock Price Expected to Rise, Northland Securities Analyst Says

MACOM Technology Solutions (NASDAQ:MTSI) had its target price raised by Northland Securities from $85.00 to $105.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a market perform rating on the semiconductor company’s stock.

Several other equities analysts have also commented on the stock. Needham & Company LLC increased their price objective on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Stifel Nicolaus raised their price target on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Barclays boosted their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Benchmark raised their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. boosted their price target on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Three research 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, MACOM Technology Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $125.91.

MACOM Technology Solutions Trading Down 2.4 %

Shares of NASDAQ:MTSI opened at $128.71 on Monday. 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 firm has a market capitalization of $9.29 billion, a P/E ratio of 124.96, a P/E/G ratio of 2.47 and a beta of 1.69. The business’s 50-day moving average is $112.34 and its 200 day moving average is $107.28. MACOM Technology Solutions has a 1 year low of $79.25 and a 1 year high of $140.27.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 51,010 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $107.02, for a total value of $5,459,090.20. Following the completion of the transaction, the director now owns 6,194,746 shares in the company, valued at approximately $662,961,716.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Robert Dennehy sold 6,915 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $101.38, for a total value of $701,042.70. Following the completion of the sale, the senior vice president now owns 19,481 shares of the company’s stock, valued at approximately $1,974,983.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan Ocampo sold 51,010 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $107.02, for a total transaction of $5,459,090.20. Following the sale, the director now directly owns 6,194,746 shares of the company’s stock, valued at $662,961,716.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 269,758 shares of company stock worth $28,887,156. 22.75% of the stock is owned by company insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

Several institutional investors have recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in shares of MACOM Technology Solutions in the second quarter valued at approximately $39,000. GAMMA Investing LLC boosted its stake in MACOM Technology Solutions by 153.0% during the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 283 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of MACOM Technology Solutions during the third quarter worth $66,000. FSC Wealth Advisors LLC acquired a new stake in shares of MACOM Technology Solutions in the second quarter valued at about $78,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of MACOM Technology Solutions by 303.5% in the third quarter. Farther Finance Advisors LLC now owns 920 shares of the semiconductor company’s stock worth $102,000 after buying an additional 692 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

MACOM Technology Solutions Company Profile

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.