MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Receives Average Rating of “Moderate Buy” from Brokerages

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has received an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $128.00.

A number of research analysts have recently issued reports on the stock. Piper Sandler raised their price target on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Benchmark raised their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barclays raised their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, Northland Securities raised their price target on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th.

MACOM Technology Solutions Trading Down 1.7 %

NASDAQ MTSI opened at $130.60 on Thursday. MACOM Technology Solutions has a 12 month low of $79.25 and a 12 month high of $143.90. 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 company has a market capitalization of $9.46 billion, a price-to-earnings ratio of 126.80, a price-to-earnings-growth ratio of 2.43 and a beta of 1.71. The company’s fifty day moving average price is $133.19 and its two-hundred day moving average price is $116.51.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 4,742 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $118.32, for a total transaction of $561,073.44. Following the transaction, the chief executive officer now owns 65,577 shares of the company’s stock, valued at approximately $7,759,070.64. This trade represents a 6.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ambra R. Roth sold 1,366 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $139.07, for a total transaction of $189,969.62. Following the transaction, the senior vice president now directly owns 6,564 shares in the company, valued at approximately $912,855.48. The trade was a 17.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 227,212 shares of company stock worth $28,778,424 in the last ninety days. 22.75% of the stock is owned by insiders.

Hedge Funds Weigh In On MACOM Technology Solutions

Several large investors have recently bought and sold shares of the stock. Millennium Management LLC grew its stake in shares of MACOM Technology Solutions by 958.1% in the 2nd quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock worth $149,214,000 after purchasing an additional 1,212,094 shares during the last quarter. Hood River Capital Management LLC grew its stake in shares of MACOM Technology Solutions by 280.5% in the 2nd quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock worth $78,568,000 after purchasing an additional 519,603 shares during the last quarter. Westfield Capital Management Co. LP grew its stake in shares of MACOM Technology Solutions by 21.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after purchasing an additional 210,151 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of MACOM Technology Solutions by 52.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company’s stock worth $59,037,000 after purchasing an additional 182,058 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of MACOM Technology Solutions by 18.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock worth $82,945,000 after purchasing an additional 116,090 shares during the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

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.