MACOM Technology Solutions (NASDAQ:MTSI) Given Buy Rating at Benchmark

MACOM Technology Solutions (NASDAQ:MTSI)‘s stock had its “buy” rating reaffirmed by stock analysts at Benchmark in a note issued to investors on Monday,Benzinga reports. They currently have a $160.00 price target on the semiconductor company’s stock. Benchmark’s price target points to a potential upside of 25.78% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $105.00 to $140.00 in a research report on Monday. Piper Sandler increased their price target 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. Finally, Barclays upped 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. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $131.50.

MACOM Technology Solutions Trading Down 1.8 %

NASDAQ MTSI opened at $127.21 on Monday. MACOM Technology Solutions has a 12 month low of $80.40 and a 12 month high of $152.50. The company has a current ratio of 3.61, a quick ratio of 6.55 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average of $135.97 and a 200-day moving average of $120.04. The company has a market cap of $9.46 billion, a PE ratio of -88.34, a PEG ratio of 2.27 and a beta of 1.71.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. On average, equities research analysts anticipate that MACOM Technology Solutions will post 2.71 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Ambra R. Roth sold 1,366 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $139.07, for a total transaction of $189,969.62. Following the sale, the senior vice president now owns 6,564 shares in the company, valued at $912,855.48. The trade was a 17.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Robert Dennehy sold 2,539 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $120.80, for a total value of $306,711.20. Following the completion of the transaction, the senior vice president now directly owns 31,206 shares of the company’s stock, valued at $3,769,684.80. This represents a 7.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 218,532 shares of company stock worth $27,902,795 in the last 90 days. Company insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On MACOM Technology Solutions

Hedge funds have recently modified their holdings of the business. UMB Bank n.a. raised its position in shares of MACOM Technology Solutions by 74.3% during the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 101 shares during the last quarter. Empowered Funds LLC bought a new position in MACOM Technology Solutions during the fourth quarter worth $33,000. SBI Securities Co. Ltd. acquired a new position in shares of MACOM Technology Solutions during the fourth quarter valued at about $35,000. ORG Wealth Partners LLC acquired a new position in MACOM Technology Solutions during the 4th quarter valued at about $36,000. Finally, Smartleaf Asset Management LLC boosted its holdings in MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 138 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.